First Solar Inc (FSLR)

Number of days of payables

		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
Payables turnover		5.17	7.43	8.48	9.74	20.79	10.11	9.20	7.47	12.05	13.17	13.20	11.34	11.66	14.55	11.86	11.08	17.20	15.25	13.95	11.53
Number of days of payables	days	70.59	49.11	43.02	37.47	17.56	36.09	39.66	48.88	30.29	27.72	27.65	32.18	31.31	25.09	30.77	32.96	21.22	23.94	26.17	31.66

December 31, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 5.17
= 70.59

The number of days of payables for First Solar Inc has shown some fluctuations over the periods provided in the data.

From December 2019 to December 2020, the number of days of payables ranged between 21.22 days and 32.96 days, indicating the company took, on average, between approximately three weeks to one month to pay its suppliers.

There was a spike in the number of days of payables to 48.88 days by December 2022, which may suggest a delay in payables settlements or a change in payment terms with suppliers.

The number of days of payables decreased to 17.56 days by September 2023, reflecting a significant improvement in the efficiency of payable management.

However, it increased again to 70.59 days by December 2024, indicating a potential liquidity strain or payment delays during that period.

Overall, it is essential for the company to closely monitor and manage its payables turnover to ensure efficient cash flow management and strong vendor relationships.