First Solar Inc (FSLR)

Total 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
Total assets	US$ in thousands	12,124,400	11,436,600	10,760,600	10,365,100	9,582,640	8,997,170	8,564,600	8,251,230	7,492,820	7,419,370	7,399,220	7,413,750	7,268,630	7,248,470	7,108,910	7,108,930	6,985,220	7,072,620	6,949,140	7,515,690
Total asset turnover		0.36	0.32	0.33	0.32	0.33	0.33	0.33	0.32	0.34	0.33	0.34	0.39	0.36	0.41	0.42	0.38	0.50	0.44	0.44	0.41

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $4,354,356K ÷ $12,124,400K
= 0.36

Total asset turnover is a financial ratio that measures a company's ability to generate sales from its assets. For First Solar Inc, the total asset turnover ratio has fluctuated over the years, ranging from 0.32 to 0.50. A lower total asset turnover ratio indicates that the company is less efficient in using its assets to generate sales, while a higher ratio suggests better asset utilization.

In the most recent period, as of December 31, 2024, First Solar Inc had a total asset turnover ratio of 0.36. This indicates that the company generated 0.36 of sales revenue for every dollar of assets it owns. It's important for investors and analysts to closely monitor the trend of the total asset turnover ratio over time to assess the company's operational efficiency and performance.