First Solar Inc (FSLR)

Days of inventory on hand (DOH)

		Dec 31, 2024	Sep 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019
Inventory turnover		2.30	1.58	2.09	2.46	2.61	3.29	3.50	4.10	2.80	2.62	2.30	3.29	3.06	3.58	4.01	3.58	4.66	4.67	5.05	5.67
DOH	days	158.74	231.49	174.58	148.30	139.90	111.01	104.28	88.96	130.43	139.57	158.97	110.88	119.23	102.02	90.99	102.02	78.29	78.13	72.25	64.39

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 2.30
= 158.74

First Solar Inc's Days of Inventory on Hand (DOH) has shown fluctuations over the observed period, starting at 64.39 days as of December 31, 2019, and reaching a peak of 231.49 days as of September 30, 2024. The DOH indicates the number of days it takes for the company to sell its average inventory during a specific period.

The increasing trend in DOH from 2019 to 2024 suggests that First Solar Inc may be facing challenges in managing its inventory levels efficiently. Higher DOH values can indicate overstocking, slow inventory turnover, or potential obsolescence issues.

The significant fluctuations observed in the DOH ratio over the period may also point towards changes in the company's production, sales patterns, or inventory management practices. Investors and analysts may monitor the DOH metric to assess the company's inventory management effectiveness and operational efficiency.