First Solar Inc (FSLR)
Profitability ratios
Return on sales
| 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 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% |
| Operating profit margin | 25.83% | 13.08% | 2.42% | 1.73% | -1.04% | 7.60% | 12.55% | 11.12% | 20.07% | 17.95% | 21.14% | 19.05% | 11.71% | 4.05% | -0.77% | -2.73% | -5.28% | -1.40% | -0.63% | -5.02% |
| Pretax margin | 26.86% | 16.06% | 5.21% | 3.82% | 0.33% | 7.22% | 11.70% | 10.18% | 19.57% | 17.30% | 20.25% | 18.30% | 10.73% | 4.33% | 0.13% | -1.63% | -3.93% | 0.75% | 1.29% | -0.72% |
| 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% |
First Solar Inc's profitability ratios have shown fluctuations over the past quarters. The gross profit margin has been relatively stable, with a significant improvement from Q1 2023 to Q4 2023, indicating better control over production costs and pricing strategies.
The operating profit margin has been volatile, showing a strong increase in Q4 2023 compared to the previous quarters, suggesting better operational efficiency and cost management. However, the negative operating profit margin in Q1 2023 and Q4 2022 indicates challenges in generating profits from core business operations.
The pretax margin has generally improved over the quarters, with a notable increase in Q4 2023. This indicates that the company has been able to manage its operating expenses more effectively and generate a higher proportion of income before taxes.
The net profit margin also shows improvement over time, with a significant increase in Q4 2023. This suggests that the company's overall profitability has been on an upward trend, despite some fluctuations in the past quarters.
Overall, First Solar Inc's profitability ratios demonstrate a positive trend in recent quarters, reflecting improvements in cost management, operational efficiency, and profitability. However, some quarters have shown challenges in generating profits, highlighting the need for continuous monitoring and strategic adjustments.
Return on investment
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 8.27% | 4.32% | 0.80% | 0.57% | -0.33% | 2.56% | 4.19% | 3.74% | 7.91% | 6.48% | 8.66% | 7.99% | 4.47% | 2.03% | -0.34% | -1.20% | -2.15% | -0.47% | -0.22% | -1.53% |
| Return on assets (ROA) | 8.02% | 4.95% | 1.74% | 0.49% | -0.54% | 1.26% | 2.55% | 2.92% | 6.32% | 6.23% | 7.77% | 7.28% | 5.60% | 3.20% | 1.40% | 0.62% | -1.53% | -0.05% | 0.33% | -0.09% |
| Return on total capital | 12.64% | 7.64% | 2.53% | 1.89% | 0.35% | 3.19% | 4.97% | 4.35% | 9.45% | 7.71% | 10.28% | 9.51% | 5.47% | 3.25% | 0.42% | -0.51% | -1.68% | 1.02% | 1.28% | 0.29% |
| Return on equity (ROE) | 12.42% | 7.52% | 2.59% | 0.71% | -0.76% | 1.63% | 3.21% | 3.67% | 7.86% | 7.77% | 9.73% | 9.08% | 7.22% | 4.14% | 1.89% | 0.84% | -2.26% | -0.07% | 0.46% | -0.12% |
First Solar Inc's profitability ratios have shown a mix of performance trends over the past eight quarters.
Operating return on assets (Operating ROA) has fluctuated significantly, ranging from -2.37% to 8.55% in Q1 2023 and Q4 2023, respectively. This ratio indicates how efficiently the company is generating operating income from its assets.
Return on assets (ROA) has also varied, with the highest value of 8.02% in Q4 2023 and the lowest of -0.54% in Q4 2022. ROA measures the overall profitability of the company relative to its total assets.
Return on total capital has experienced similar variability, with Q4 2023 showing the highest value at 12.22% and Q1 2023 at its lowest point of -3.28%. This ratio evaluates the company's ability to generate profits from its total capital employed.
Return on equity (ROE) has likewise demonstrated fluctuations, with Q4 2023 exhibiting the highest value of 12.42% and Q3 2022 showing the lowest at -0.76%. ROE indicates how effectively the company is utilizing shareholder equity to generate profits.
Overall, the profitability ratios of First Solar Inc have displayed a mixed performance over the quarters, with some periods of strong profitability and others indicating challenges. Investors and stakeholders may need to closely monitor these ratios to assess the company's financial health and performance.