The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. First Solar's Revenue for the
three
months ended in Mar. 2026 was CHF822 Mil. First Solar's average Accounts Receivable for the
three
months ended in Mar. 2026 was CHF1,056 Mil.
Hence, First Solar's Receivables Turnover for the
three
months ended in Mar. 2026 was 0.78.
First Solar (XSWX:FSLR) Receivables Turnover Explanation
An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.
First Solar Receivables Turnover Related Terms
First Solar Receivables Turnover Historical Data
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The historical data trend for First Solar's Receivables Turnover 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.
XSWX:FSLR vs NXT, ENPH, RUN: Receivables Turnover Comparison
For the Solar subindustry, First Solar's Receivables Turnover, along with its competitors' market caps and Receivables Turnover 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.
First Solar Receivables Turnover vs Semiconductors Industry
For the Semiconductors industry and Technology sector, First Solar's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where First Solar's Receivables Turnover falls into.
* 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 (XSWX:FSLR) has a Receivables Turnover of 0.78 as of Mar. 2026. The accounts receivables turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by Average Accounts Receivable. View historical data on First Solar and its competitors. According to the industry distribution chart, First Solar ranks #815 out of 1018 companies in the Semiconductors industry, placing it in the top 80.1%.
Is First Solar's Receivables Turnover too high?
First Solar's current Receivables Turnover is 0.78. The Semiconductors industry median Receivables Turnover is 5.82. First Solar's value of 0.78 is 86.6% below this industry median. Based on the distribution chart, First Solar ranks #815 out of 1018 companies in the Semiconductors industry, which is in the bottom quartile relative to peers. Overall, First Solar has a GF Score™ of 91/100, reflecting its overall financial health beyond just this single metric.
How does First Solar's Receivables Turnover compare to NXT and ENPH?
According to the Semiconductors industry distribution chart, First Solar ranks #815 out of 1018 companies for Receivables Turnover. This places First Solar in the lower half of its industry. The industry median Receivables Turnover is 5.82. First Solar's value of 0.78 is 86.6% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Receivables Turnover for a Semiconductors company?
The median Receivables Turnover among Semiconductors companies is 5.82, based on 1,018 companies in the industry. Companies in the top quartile (top 25%) have a Receivables Turnover significantly above this median, while those in the bottom quartile fall well below. However, Receivables Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. First Solar's current Receivables Turnover of 0.78 is 86.6% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Receivables Turnover mean?
A high Receivables Turnover can signal that a stock is expensive relative to its fundamentals. The accounts receivables turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by Average Accounts Receivable. View historical data on First Solar and its competitors. For the Semiconductors industry, the median Receivables Turnover is 5.82 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. First Solar's current Receivables Turnover is 0.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Solar stock overvalued right now?
First Solar (XSWX:FSLR) has a current Receivables Turnover of 0.78. The stock's GF Value™ is CHF216.07, compared to a current price of CHF182.84 — trading 15.4% below its estimated fair value. The current Receivables Turnover is 0.78 and 86.6% below the Semiconductors industry median of 5.82. First Solar's overall GF Score™ is 91/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Receivables Turnover calculated?
Receivables Turnover is calculated from a company's financial statements. For First Solar (XSWX:FSLR), the current Receivables Turnover is 0.78 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is First Solar (XSWX:FSLR) Overvalued in 2026?
Based on GuruFocus' analysis, First Solar stock appears to be undervalued.
The current stock price of CHF182.84 is trading 15.4% below its estimated GF Value™ of CHF216.07.
Key valuation signals for XSWX:FSLR:
Receivables Turnover: 0.78
GF Value™: CHF216.07 vs. price of CHF182.84 (15.4% below fair value)
Industry Position: 86.6% below the Semiconductors median (#815 of 1018)
No single metric tells the full story. See the XSWX:FSLR stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
First Solar designs and manufactures solar photovoltaic panels, modules, and systems for use in utility-scale development projects. The company's solar modules use cadmium telluride to convert sunlight into electricity. This is commonly called thin-film technology. First Solar is the world's largest thin-film solar module manufacturer. It has production lines in Vietnam, Malaysia, the United States, and India.
91GF Score
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