First Solar Inc (FSLR)
Operating return on assets (Operating ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 1,394,420 | 857,266 | -27,236 | 586,751 | 317,489 |
| Total assets | US$ in thousands | 12,124,400 | 10,365,100 | 8,251,230 | 7,413,750 | 7,108,930 |
| Operating ROA | 11.50% | 8.27% | -0.33% | 7.91% | 4.47% |
December 31, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $1,394,420K ÷ $12,124,400K
= 11.50%
The operating return on assets (Operating ROA) for First Solar Inc has shown fluctuations over the years based on the provided data.
- As of December 31, 2020, the operating ROA was at 4.47%, indicating the company generated approximately 4.47 cents of operating income for every dollar of assets.
- By December 31, 2021, the Operating ROA increased to 7.91%, reflecting an improvement in asset utilization and operational efficiency.
- However, by December 31, 2022, the Operating ROA declined to -0.33%, indicating that the company's operating income was insufficient to cover the asset base, potentially signaling operational challenges.
- The trend reversed positively by December 31, 2023, with the Operating ROA rebounding to 8.27%, showing improved asset efficiency and profitability.
- The most recent data point as of December 31, 2024, shows a significant increase in Operating ROA to 11.50%, indicating a strong performance in generating operating income relative to its asset base.
Overall, the Operating ROA trend for First Solar Inc suggests varying levels of operational efficiency and profitability, with fluctuations in performance over the years. It is important for investors and analysts to monitor these ratios to assess the company's effectiveness in generating profits from its assets.
Peer comparison
Dec 31, 2024