First Solar Inc (FSLR)

Net 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
Net income (ttm)	US$ in thousands	830,777	473,990	156,424	41,650	-44,166	94,752	189,123	215,767	468,693	453,026	562,860	517,322	398,355	223,244	98,829	43,370	-114,933	-3,409	23,719	-6,224
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
Net profit margin		25.03%	14.99%	5.23%	1.49%	-1.69%	3.75%	7.63%	8.68%	16.03%	17.26%	18.96%	17.34%	14.69%	6.38%	3.17%	1.42%	-3.75%	-0.14%	0.95%	-0.28%

December 31, 2023 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $830,777K ÷ $3,318,599K
= 25.03%

The net profit margin of First Solar Inc has fluctuated over the past eight quarters, indicating changes in the company's profitability relative to its revenue during each period. In Q4 2023, the net profit margin was 25.03%, representing a significant increase from the previous quarter's 14.99%. This suggests that the company was able to generate higher profits relative to its sales in the most recent quarter.

Looking further back, we observe a general improvement in net profit margin from negative figures in Q4 2022 to positive figures in subsequent quarters of 2022. This positive trend reversed in Q1 2023 where the net profit margin decreased to a relatively low 1.49%. However, the company managed to improve profitability in the following quarters.

Overall, the analysis indicates that First Solar Inc has experienced fluctuations in its net profit margin over the past eight quarters, with Q4 2023 showing a notable improvement compared to previous periods. Continued monitoring of the net profit margin will be essential to assess the company's financial performance and sustainability in the future.