First Solar Inc (FSLR)

Return on equity (ROE)

		Dec 31, 2024	Sep 30, 2024	Mar 31, 2024	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
Net income (ttm)	US$ in thousands	1,291,927	1,167,209	1,024,832	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
Total stockholders’ equity	US$ in thousands	7,977,580	7,593,650	6,902,510	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
ROE		16.19%	15.37%	14.85%	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%

December 31, 2024 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $1,291,927K ÷ $7,977,580K
= 16.19%

First Solar Inc's return on equity (ROE) has shown fluctuations over the period from December 31, 2019, to December 31, 2024. The ROE started negatively at -2.26% in December 2019 but gradually improved, turning positive in March 2020 at 0.84% and steadily increasing thereafter.

The ROE saw significant growth from March 2021 to December 2024, indicating a strong performance in generating profits from shareholders' equity. The ROE reached its peak at 16.19% by December 31, 2024, showcasing the company's ability to efficiently utilize shareholders' equity to generate returns.

However, it is worth noting that there were some fluctuations in the ROE during this period, with occasional decreases and increases observed. Overall, the upward trend in ROE reflects positively on First Solar Inc's ability to generate profits relative to shareholders' equity, although the company should continue to monitor and strive for stability and consistent growth in its ROE.