First Solar Inc (FSLR)

Return on equity (ROE)

		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 stockholders’ equity	US$ in thousands	6,687,470	6,302,380	6,039,640	5,868,730	5,836,060	5,828,340	5,895,830	5,875,180	5,959,550	5,830,080	5,783,640	5,694,780	5,520,930	5,396,110	5,226,800	5,168,620	5,096,770	5,182,480	5,135,120	5,129,160
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%

December 31, 2023 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $830,777K ÷ $6,687,470K
= 12.42%

First Solar Inc's return on equity (ROE) has shown a positive trend over the past eight quarters, indicating an improvement in the company's ability to generate profits from shareholders' equity. The ROE increased from -0.76% in Q4 2022 to 12.42% in Q4 2023, reflecting a significant turnaround in profitability within a year. The ROE has remained positive since Q2 2022, signifying sustained profitability and operational efficiency. This improvement suggests that First Solar Inc is utilizing its shareholders' equity effectively to generate returns, which is a positive indicator of the company's financial health and performance.