First Solar Inc (FSLR)

Return on assets (ROA)

		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
Total assets	US$ in thousands	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	7,054,690	7,137,810	7,256,930
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%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $830,777K ÷ $10,365,100K
= 8.02%

First Solar Inc's return on assets (ROA) has shown a positive trend over the past eight quarters, reflecting the company's ability to generate profit from its assets. In Q4 2023, the ROA stood at 8.02%, indicating that the company generated $0.0802 in profit for every $1 of assets. This represents a significant improvement compared to the previous quarter where the ROA was 4.95%.

Throughout the quarters, First Solar Inc has demonstrated a steady improvement in utilizing its assets efficiently to generate returns for its shareholders. The positive trend in ROA suggests that the company is effectively managing its assets and operations to maximize profitability. However, it is essential for investors and stakeholders to continue monitoring the ROA to assess the company's profitability and efficiency in asset utilization in the long term.