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First Solar's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2024 was $457 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2024 was $1,445 Mil.
EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. First Solar's annualized ROC % for the quarter that ended in Dec. 2024 was 17.34%. First Solar's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2024 was 28.58%.
EBIT is also linked to Joel Greenblatt's definition of earnings yield. First Solar's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2024 was 11.07%.
The historical data trend for First Solar's EBIT can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
First Solar Annual Data | |||||||||||||||||||||
Trend | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | Dec24 | |||||||||||
EBIT | Get a 7-Day Free Trial |
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317.23 | 585.27 | 20.82 | 904.26 | 1,445.21 |
First Solar Quarterly Data | ||||||||||||||||||||
Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | Sep24 | Dec24 | |
EBIT | Get a 7-Day Free Trial |
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383.75 | 264.73 | 386.90 | 336.35 | 457.23 |
For the Solar subindustry, First Solar's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
For the Semiconductors industry and Technology sector, First Solar's EV-to-EBIT distribution charts can be found below:
* The bar in red indicates where First Solar's EV-to-EBIT falls into.
EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.
EBIT for the trailing twelve months (TTM) ended in Dec. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,445 Mil.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
First Solar (NAS:FSLR) EBIT Explanation
1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.
First Solar's annualized ROC % for the quarter that ended in Dec. 2024 is calculated as:
ROC % (Q: Dec. 2024 ) | ||||||
= | NOPAT | / | Average Invested Capital | |||
= | Operating Income * ( 1 - Tax Rate % ) | / | ( (Invested Capital (Q: Sep. 2024 ) | + | Invested Capital (Q: Dec. 2024 )) | / count ) |
= | 1827.076 * ( 1 - 11.93% ) | / | ( (9290.034 | + | 9272.08) | / 2 ) |
= | 1609.1058332 | / | 9281.057 | |||
= | 17.34 % |
where
Invested Capital | (Q: Sep. 2024 ) | |||||||||||
= | Total Assets | - | Accounts Payable & Accrued Expense | - | Excess Cash | |||||||
= | Total Assets | - | Accounts Payable & Accrued Expense | - | ( Cash, Cash Equivalents, Marketable Securities | - | max(0, Total Current Liabilities | - | Total Current Assets | + | Cash, Cash Equivalents, Marketable Securities | )) |
= | 11436.638 | - | 876.783 | - | ( 1269.821 | - | max(0, 1782.165 | - | 3818.103 | + | 1269.821 | )) |
= | 9290.034 |
Invested Capital | (Q: Dec. 2024 ) | |||||||||||
= | Total Assets | - | Accounts Payable & Accrued Expense | - | Excess Cash | |||||||
= | Total Assets | - | Accounts Payable & Accrued Expense | - | ( Cash, Cash Equivalents, Marketable Securities | - | max(0, Total Current Liabilities | - | Total Current Assets | + | Cash, Cash Equivalents, Marketable Securities | )) |
= | 12124.361 | - | 1059.322 | - | ( 1792.959 | - | max(0, 2077.442 | - | 5089.033 | + | 1792.959 | )) |
= | 9272.08 |
Note: The Operating Income data used here is four times the quarterly (Dec. 2024) data.
2. Joel Greenblatt's definition of Return on Capital:
First Solar's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2024 is calculated as:
ROC (Joel Greenblatt) % | (Q: Dec. 2024 ) | ||||||
= | EBIT | / | Average of (Net fixed Assets | + | Net Working Capital) | ||
= | EBIT | / | Average of (Property, Plant and Equipment | + | Net Working Capital) | ||
Q: Sep. 2024 | Q: Dec. 2024 | ||||||
= | EBIT | / | ( ( (Property, Plant and Equipment + Net Working Capital) | + | (Property, Plant and Equipment + Net Working Capital) ) | / | count ) |
= | 1828.932 | / | ( ( (5473.79 + max(845.769, 0)) | + | (5557.228 + max(920.647, 0)) ) | / | 2 ) |
= | 1828.932 | / | ( ( 6319.559 | + | 6477.875 ) | / | 2 ) |
= | 1828.932 | / | 6398.717 | ||||
= | 28.58 % |
where Working Capital is:
Working Capital | (Q: Sep. 2024 ) | ||||||||||
= | (Accounts Receivable | + | Total Inventories | + | Other Current Assets) | - | (Accounts Payable & Accrued Expense | + | Defer. Rev. | + | Other Current Liabilities) |
= | (762.138 | + | 1502.891 | + | 141.331) | - | (876.783 | + | 645.05 | + | 38.758) |
= | 845.769 |
Working Capital | (Q: Dec. 2024 ) | ||||||||||
= | (Accounts Receivable | + | Total Inventories | + | Other Current Assets) | - | (Accounts Payable & Accrued Expense | + | Defer. Rev. | + | Other Current Liabilities) |
= | (1261.049 | + | 1348.479 | + | 138.856) | - | (1059.322 | + | 712 | + | 56.415) |
= | 920.647 |
When net working capital is negative, 0 is used.
Note: The EBIT data used here is four times the quarterly (Dec. 2024) EBIT data.
3. It is also linked to Joel Greenblatt's definition of Earnings Yield:
First Solar's Earnings Yield (Joel Greenblatt) % for today is calculated as:
Earnings Yield (Joel Greenblatt) % | = | EBIT (TTM) | / | Enterprise Value (Q: Dec. 2024 ) |
= | 1445.208 | / | 13054.829 | |
= | 11.07 % |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Thank you for viewing the detailed overview of First Solar's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.
Markus Gloeckler | officer: Co-Chief Technology Officer | 28101 CEDAR PARK BLVD., PERRYSBURG OH 43551 |
Patrick James Buehler | officer: Chief Quality and Rel. Officer | 28101 CEDAR PARK BLVD., PERRYSBURG OH 43551 |
Byron Michael Jeffers | officer: CAO, Interim | 350 WEST WASHINGTON ST., TEMPE AZ 85281 |
Kuntal Kumar Verma | officer: Chief Mfg. Engineering Officer | 28101 CEDAR PARK BLVD., PERRYSBURG OH 43551 |
Mark R Widmar | officer: Chief Financial Officer | C/O GRAFTECH INTERNATIONAL LTD, 12900 SNOW ROAD, PARMA OH 44130 |
Jason E. Dymbort | officer: General Counsel, Interim | 77 RIO ROBLES, SAN JOSE CA 95134 |
Alexander R. Bradley | officer: Chief Financial Officer | 77 RIO ROBLES, SAN JOSE CA 95134 |
Michael Koralewski | officer: Chief Mfg. Operations Officer | 28101 CEDAR PARK BLVD., PERRYSBURG OH 43551 |
Michael T Sweeney | director | GOLDNER HAWN, 3700 WELLS FARGO CENTER, 90 SOUTH 7TH ST, MINNEAPOLIS MN 55402 |
Paul H Stebbins | director | C/O WORLD FUEL SERVICES CORP, 9800 N.W. 41ST STREET, SUITE 400, MIAMI FL 33178 |
Richard D Chapman | director | 350 WEST WASHINGTON STREET, SUITE 600, TEMPE AZ 85281 |
Caroline Stockdale | officer: EVP, HR & Communications | C/O WARNER MUSIC GROUP, 75 ROCKEFELLER PLAZA, NEW YORK NY 10019 |
R Craig Kennedy | director | 1844 "R" STREET, NW, WASHINGTON DC 20009 |
Georges Antoun | officer: Chief Operating Officer | C/O FIRST SOLAR, INC., 350 WEST WASHINGTON ST., SUITE 600, TEMPE AZ 85281 |
William J Post | director | 400 NORTH FIFTH STREET, ., PHOENIX AZ 85004 |
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