First Solar (XSWX:FSLR) Days Sales Outstanding : 56.89 (As of Dec. 2023)

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What is First Solar Days Sales Outstanding?

First Solar's average Accounts Receivable for the three months ended in Dec. 2023 was CHF625 Mil. First Solar's Revenue for the three months ended in Dec. 2023 was CHF1,002 Mil. Hence, First Solar's Days Sales Outstanding for the three months ended in Dec. 2023 was 56.89.

The historical rank and industry rank for First Solar's Days Sales Outstanding or its related term are showing as below:

XSWX:FSLR' s Days Sales Outstanding Range Over the Past 10 Years
Min: 14.63 Med: 39.69 Max: 58.7
Current: 58.7

During the past 13 years, First Solar's highest Days Sales Outstanding was 58.70. The lowest was 14.63. And the median was 39.69.

XSWX:FSLR's Days Sales Outstanding is ranked better than
55.98% of 979 companies
in the Semiconductors industry
Industry Median: 63.03 vs XSWX:FSLR: 58.70

First Solar's Days Sales Outstanding increased from Dec. 2022 (30.24) to Dec. 2023 (56.89).

First Solar Days Sales Outstanding Historical Data

The historical data trend for First Solar's Days Sales Outstanding 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.

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First Solar Days Sales Outstanding Chart

First Solar Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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36.02

53.28

42.83

52.18

55.55

First Solar Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial															30.24	52.02	52.81	78.90	56.89

Competitive Comparison of First Solar's Days Sales Outstanding

For the Solar subindustry, First Solar's Days Sales Outstanding, along with its competitors' market caps and Days Sales Outstanding 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's Days Sales Outstanding Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, First Solar's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where First Solar's Days Sales Outstanding falls into.

First Solar Days Sales Outstanding Calculation

Days Sales Outstanding measures the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed.

Accounts Receivable can be measured by Days Sales Outstanding.

First Solar's Days Sales Outstanding for the fiscal year that ended in Dec. 2023 is calculated as

	Days Sales Outstanding (A: Dec. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (302.152	+	571.439)	/	2 )	/	2869.927	*	365
=	436.7955					/	2869.927	*	365
=	55.55

First Solar's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding (Q: Dec. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Sep. 2023 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (677.867	+	571.439)	/	2 )	/	1001.917	*	365 / 4
=	624.653					/	1001.917	*	365 / 4
=	56.89

First Solar (XSWX:FSLR) Days Sales Outstanding Explanation

For retailers, when we compare Days Sales Outstanding, it is important to compare the same period in the previous years.

First Solar Days Sales Outstanding Related Terms

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First Solar (XSWX:FSLR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » First Solar Inc (XSWX:FSLR) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

FSLR:USA FSLR:Mexico 1FSLR:Italy F3A:Germany FSLR34:Brazil FSLR:Argentina

Address

350 West Washington Street, Suite 600, Tempe, AZ, USA, 85281

Website

https://www.firstsolar.com

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.