First Solar Inc (FSLR)

Gross profit margin

		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	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Gross profit (ttm)	US$ in thousands	1,300,679	859,259	504,066	170,446	69,858	255,734	359,332	556,650	729,954	643,325	811,760	775,102	680,673	854,368	699,716	639,438	549,212	313,967	304,731	219,491
Revenue (ttm)	US$ in thousands	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	2,354,981	2,484,395	2,208,757
Gross profit margin		39.19%	27.17%	16.86%	6.09%	2.67%	10.13%	14.50%	22.38%	24.97%	24.50%	27.34%	25.99%	25.10%	24.40%	22.42%	20.87%	17.93%	13.33%	12.27%	9.94%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,300,679K ÷ $3,318,599K
= 39.19%

The gross profit margin of First Solar Inc has shown a fluctuating trend over the past eight quarters. The margin has improved steadily from Q1 2022 to Q4 2023, indicating the company's ability to efficiently control its production costs and generate higher revenues. In Q4 2023, the gross profit margin reached 39.19%, the highest level in the period analyzed, reflecting a significant increase compared to the previous quarters. This improvement suggests that First Solar has been able to optimize its cost structure and enhance its pricing strategies to boost profitability. Overall, the upward trend in the gross profit margin demonstrates the company's effectiveness in managing its production and operating expenses, which bodes well for its financial performance and future growth prospects.