First Solar Inc (FSLR)

Number of days of payables

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Payables turnover		4.87	9.74	7.47	11.34	11.08
Number of days of payables	days	74.94	37.47	48.88	32.18	32.96

December 31, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 4.87
= 74.94

First Solar Inc's number of days of payables has fluctuated over the years based on the provided data. As of December 31, 2020, the company took approximately 32.96 days to pay its suppliers and vendors. This figure decreased slightly to 32.18 days by December 31, 2021. However, by December 31, 2022, the number of days of payables significantly increased to 48.88 days, indicating potential delays in payments to suppliers.

In the following years, the trend continued with the number of days of payables varying. By December 31, 2023, the company's payables period decreased to 37.47 days, showing improved efficiency in managing payables. Surprisingly, by December 31, 2024, the number of days of payables spiked to 74.94 days, suggesting a significant extension in the time taken to settle payables.

Overall, the analysis of First Solar Inc's number of days of payables highlights fluctuations in payment practices over the years, with some periods showing delays in payments to suppliers, while in other periods, there was an improvement in managing payables efficiently. Investors and stakeholders may monitor this metric to assess the company's liquidity management and relationship with suppliers.