First Solar Inc (FSLR)

Days of inventory on hand (DOH)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Inventory turnover		2.46	4.10	3.29	3.58	5.67
DOH	days	148.30	88.96	110.88	102.02	64.39

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 2.46
= 148.30

First Solar Inc's Days of Inventory on Hand (DOH) indicates the average number of days it takes for the company to convert its inventory into sales.

- The trend in First Solar's DOH over the past five years shows fluctuations.
- In 2019, the company held its inventory for an average of 72.17 days before selling it.
- This number increased significantly in 2020 to 102.03 days before decreasing slightly in 2021 to 110.88 days.
- However, in 2022, the DOH decreased to 88.96 days, indicating a more efficient inventory turnover.
- The trend reversed in 2023, with the DOH rising notably to 148.30 days, suggesting a slower conversion of inventory into sales.

Overall, the fluctuation in DOH indicates varying inventory management efficiency levels within First Solar Inc during the analyzed period.