First Solar Inc (FSLR)

Fixed asset turnover

		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
Revenue (ttm)	US$ in thousands	4,354,356	3,641,416	3,564,421	3,318,599	3,162,439	2,990,282	2,800,564	2,619,318	2,524,247	2,478,818	2,487,043	2,923,377	2,625,290	2,969,351	2,982,582	2,711,332	3,501,480	3,120,721	3,063,266	3,063,120
Property, plant and equipment	US$ in thousands	5,413,680	5,326,120	4,915,690	4,397,280	4,072,860	4,020,180	3,858,600	3,536,900	3,124,080	2,988,980	2,785,820	2,649,590	2,505,920	2,396,640	2,397,990	2,402,280	2,386,590	2,324,410	2,244,180	2,181,150
Fixed asset turnover		0.80	0.68	0.73	0.75	0.78	0.74	0.73	0.74	0.81	0.83	0.89	1.10	1.05	1.24	1.24	1.13	1.47	1.34	1.36	1.40

December 31, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $4,354,356K ÷ $5,413,680K
= 0.80

First Solar Inc's fixed asset turnover has seen a decreasing trend over the analyzed period. The ratio started at 1.40 on December 31, 2019, and gradually declined to 0.80 by December 31, 2024. This indicates that, on average, the company generated $0.80 in revenue for every $1 of fixed assets invested in the business at the end of 2024. The decreasing fixed asset turnover could suggest inefficiencies in utilizing fixed assets to generate sales or potential underutilization of fixed assets. Further analysis and comparison with industry benchmarks may provide insights into First Solar Inc's operational efficiency and asset management strategies.