First Total Revenue vs Property Plant Equipment Analysis

FSLR Stock

USD 191.93 4.96 2.65%

First Solar financial indicator trend analysis is much more than just examining First Solar latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether First Solar is a good investment. Please check the relationship between First Solar Total Revenue and its Property Plant Equipment accounts. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in First Solar. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis.

To learn how to invest in First Stock, please use our How to Invest in First Solar guide.

Total Revenue vs Property Plant Equipment

Total Revenue vs Property Plant Equipment Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of First Solar Total Revenue account and Property Plant Equipment. At this time, the significance of the direction appears to have very week relationship.

The correlation between First Solar's Total Revenue and Property Plant Equipment is 0.26. Overlapping area represents the amount of variation of Total Revenue that can explain the historical movement of Property Plant Equipment in the same time period over historical financial statements of First Solar, assuming nothing else is changed. The correlation between historical values of First Solar's Total Revenue and Property Plant Equipment is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Total Revenue of First Solar are associated (or correlated) with its Property Plant Equipment. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Property Plant Equipment has no effect on the direction of Total Revenue i.e., First Solar's Total Revenue and Property Plant Equipment go up and down completely randomly.

Correlation Coefficient

0.26

Relationship Direction	Positive
Relationship Strength	Very Weak

View All Relationships

Total Revenue

Total revenue comprises all receipts First Solar generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Property Plant Equipment

Most indicators from First Solar's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into First Solar current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in First Solar. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis.

To learn how to invest in First Stock, please use our How to Invest in First Solar guide.At this time, First Solar's Selling General Administrative is relatively stable compared to the past year. As of 05/16/2024, Tax Provision is likely to grow to about 48.3 M, while Enterprise Value is likely to drop slightly above 5.7 B.

	2021	2022	2023	2024 (projected)
Total Operating Expenses	290.5M	350.6M	414.7M	316.1M
Cost Of Revenue	2.2B	2.5B	2.0B	1.7B

Total Operating Expenses Cost Of Revenue

First Solar fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Stockholder Equity	Total Liab	Total Current Assets	Property Plant And Equipment Gross	Other Current Liab	Total Current Liabilities	Retained Earnings	Accounts Payable	Short Term Investments	Other Current Assets	Other Liab	Long Term Debt
Total Assets		0.35	0.96	0.57	-0.6	0.8	0.75	0.45	0.46	0.74	0.39	0.91	0.48	0.6	0.92	0.6	0.95	0.48	0.51	0.74	0.74	0.61	0.42	0.43	0.51	0.39
Short Long Term Debt Total	0.35		0.19	0.55	0.05	0.15	0.58	-0.13	0.15	0.03	0.85	0.19	0.8	0.54	0.2	0.77	0.3	0.6	0.15	0.37	0.41	0.23	-0.24	-0.23	0.63	0.88
Total Stockholder Equity	0.96	0.19		0.53	-0.69	0.83	0.72	0.55	0.45	0.81	0.22	0.97	0.33	0.54	0.96	0.44	0.92	0.42	0.4	0.6	0.78	0.52	0.53	0.55	0.36	0.24
Property Plant And Equipment Net	0.57	0.55	0.53		-0.43	0.41	0.9	-0.2	-0.15	0.34	0.68	0.5	0.82	0.87	0.43	0.79	0.44	0.97	0.05	0.35	0.87	0.27	0.04	-0.07	0.76	0.28
Net Debt	-0.6	0.05	-0.69	-0.43		-0.9	-0.52	-0.45	-0.15	-0.86	-0.08	-0.74	-0.29	-0.36	-0.69	-0.33	-0.68	-0.4	-0.29	-0.26	-0.68	-0.12	-0.48	-0.27	-0.35	0.14
Cash	0.8	0.15	0.83	0.41	-0.9		0.53	0.46	0.27	0.92	0.16	0.84	0.34	0.32	0.82	0.39	0.86	0.35	0.38	0.43	0.63	0.24	0.5	0.34	0.37	0.21
Non Current Assets Total	0.75	0.58	0.72	0.9	-0.52	0.53		0.19	0.28	0.45	0.71	0.69	0.81	0.93	0.66	0.85	0.63	0.87	0.28	0.55	0.95	0.51	0.1	0.13	0.78	0.32
Non Currrent Assets Other	0.45	-0.13	0.55	-0.2	-0.45	0.46	0.19		0.81	0.52	-0.12	0.61	-0.19	0.06	0.67	0.02	0.56	-0.24	0.56	0.45	0.25	0.4	0.46	0.59	-0.14	-0.06
Other Assets	0.46	0.15	0.45	-0.15	-0.15	0.27	0.28	0.81		0.24	0.13	0.46	0.05	0.18	0.55	0.21	0.47	-0.19	0.56	0.52	0.19	0.63	0.14	0.51	0.12	0.2
Cash And Short Term Investments	0.74	0.03	0.81	0.34	-0.86	0.92	0.45	0.52	0.24		-0.01	0.87	0.2	0.21	0.84	0.27	0.84	0.25	0.35	0.38	0.58	0.33	0.8	0.55	0.28	0.12
Net Receivables	0.39	0.85	0.22	0.68	-0.08	0.16	0.71	-0.12	0.13	-0.01		0.17	0.92	0.76	0.18	0.91	0.33	0.77	0.29	0.46	0.58	0.28	-0.35	-0.39	0.79	0.56
Common Stock Shares Outstanding	0.91	0.19	0.97	0.5	-0.74	0.84	0.69	0.61	0.46	0.87	0.17		0.3	0.49	0.99	0.42	0.91	0.38	0.42	0.57	0.76	0.49	0.63	0.63	0.33	0.24
Non Current Liabilities Total	0.48	0.8	0.33	0.82	-0.29	0.34	0.81	-0.19	0.05	0.2	0.92	0.3		0.79	0.28	0.95	0.41	0.87	0.19	0.41	0.7	0.34	-0.16	-0.28	0.94	0.52
Inventory	0.6	0.54	0.54	0.87	-0.36	0.32	0.93	0.06	0.18	0.21	0.76	0.49	0.79		0.46	0.84	0.46	0.88	0.26	0.52	0.86	0.42	-0.13	-0.09	0.76	0.2
Other Stockholder Equity	0.92	0.2	0.96	0.43	-0.69	0.82	0.66	0.67	0.55	0.84	0.18	0.99	0.28	0.46		0.43	0.93	0.31	0.53	0.66	0.7	0.56	0.6	0.62	0.32	0.27
Total Liab	0.6	0.77	0.44	0.79	-0.33	0.39	0.85	0.02	0.21	0.27	0.91	0.42	0.95	0.84	0.43		0.55	0.83	0.46	0.66	0.72	0.48	-0.08	-0.17	0.92	0.49
Total Current Assets	0.95	0.3	0.92	0.44	-0.68	0.86	0.63	0.56	0.47	0.84	0.33	0.91	0.41	0.46	0.93	0.55		0.36	0.62	0.74	0.66	0.53	0.54	0.42	0.45	0.36
Property Plant And Equipment Gross	0.48	0.6	0.42	0.97	-0.4	0.35	0.87	-0.24	-0.19	0.25	0.77	0.38	0.87	0.88	0.31	0.83	0.36		0.04	0.3	0.84	0.17	-0.1	-0.25	0.79	0.26
Other Current Liab	0.51	0.15	0.4	0.05	-0.29	0.38	0.28	0.56	0.56	0.35	0.29	0.42	0.19	0.26	0.53	0.46	0.62	0.04		0.89	0.18	0.53	0.2	0.22	0.27	0.13
Total Current Liabilities	0.74	0.37	0.6	0.35	-0.26	0.43	0.55	0.45	0.52	0.38	0.46	0.57	0.41	0.52	0.66	0.66	0.74	0.3	0.89		0.41	0.67	0.19	0.21	0.46	0.34
Retained Earnings	0.74	0.41	0.78	0.87	-0.68	0.63	0.95	0.25	0.19	0.58	0.58	0.76	0.7	0.86	0.7	0.72	0.66	0.84	0.18	0.41		0.37	0.24	0.16	0.66	0.16
Accounts Payable	0.61	0.23	0.52	0.27	-0.12	0.24	0.51	0.4	0.63	0.33	0.28	0.49	0.34	0.42	0.56	0.48	0.53	0.17	0.53	0.67	0.37		0.37	0.5	0.5	0.25
Short Term Investments	0.42	-0.24	0.53	0.04	-0.48	0.5	0.1	0.46	0.14	0.8	-0.35	0.63	-0.16	-0.13	0.6	-0.08	0.54	-0.1	0.2	0.19	0.24	0.37		0.72	-0.04	-0.04
Other Current Assets	0.43	-0.23	0.55	-0.07	-0.27	0.34	0.13	0.59	0.51	0.55	-0.39	0.63	-0.28	-0.09	0.62	-0.17	0.42	-0.25	0.22	0.21	0.16	0.5	0.72		-0.17	0.01
Other Liab	0.51	0.63	0.36	0.76	-0.35	0.37	0.78	-0.14	0.12	0.28	0.79	0.33	0.94	0.76	0.32	0.92	0.45	0.79	0.27	0.46	0.66	0.5	-0.04	-0.17		0.36
Long Term Debt	0.39	0.88	0.24	0.28	0.14	0.21	0.32	-0.06	0.2	0.12	0.56	0.24	0.52	0.2	0.27	0.49	0.36	0.26	0.13	0.34	0.16	0.25	-0.04	0.01	0.36

Click cells to compare fundamentals

First Solar Account Relationship Matchups

First Solar fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	7.5B	7.1B	7.4B	8.3B	10.4B	5.3B
Short Long Term Debt Total	471.7M	279.2M	239.9M	193.5M	624.4M	655.6M
Total Stockholder Equity	5.1B	5.5B	6.0B	5.8B	6.7B	3.8B
Property Plant And Equipment Net	2.7B	2.6B	2.9B	3.5B	4.5B	4.7B
Net Debt	(881.0M)	(947.8M)	(1.2B)	(1.3B)	(1.3B)	(1.3B)
Cash	1.4B	1.2B	1.5B	1.5B	1.9B	1.0B
Non Current Assets Total	3.9B	4.1B	4.2B	4.5B	5.7B	6.0B
Non Currrent Assets Other	1.0B	940.8M	946.0M	588.3M	545.4M	705.6M
Other Assets	1.0B	1.4B	1.1B	777.9M	894.6M	965.4M
Cash And Short Term Investments	2.2B	1.7B	1.8B	2.6B	2.1B	1.4B
Net Receivables	658.5M	292.5M	454.7M	355.0M	1.4B	1.5B
Common Stock Shares Outstanding	105.3M	106.7M	106.9M	106.6M	107.4M	93.0M
Liabilities And Stockholders Equity	7.5B	7.1B	7.4B	8.3B	10.4B	5.3B
Non Current Liabilities Total	1.1B	740.6M	727.3M	1.4B	2.4B	2.5B
Inventory	497.1M	567.6M	666.3M	621.4M	1.0B	1.1B
Other Stockholder Equity	2.8B	2.9B	2.9B	2.9B	2.9B	2.1B
Total Liab	2.4B	1.6B	1.5B	2.4B	3.7B	3.9B
Total Current Assets	3.6B	3.0B	3.2B	3.8B	4.6B	2.5B
Property Plant And Equipment Gross	2.8B	2.4B	2.9B	3.5B	6.2B	6.5B
Other Current Liab	759.4M	433.7M	327.7M	424.2M	578.8M	419.9M
Total Current Liabilities	1.3B	847.4M	726.9M	1.0B	1.3B	813.0M
Retained Earnings	2.3B	2.7B	3.2B	3.1B	4.0B	4.2B
Accounts Payable	218.1M	183.3M	193.4M	341.4M	207.2M	184.8M
Short Term Investments	811.5M	520.1M	375.4M	1.1B	155.5M	147.7M
Other Current Assets	280.0M	251.7M	244.2M	237.1M	33.0M	31.4M
Accumulated Other Comprehensive Income	(79.3M)	(61.7M)	(96.4M)	(191.8M)	(174.1M)	(165.4M)
Other Liab	526.8M	502.9M	345.4M	1.2B	1.3B	1.4B
Long Term Debt	454.2M	237.7M	236.0M	184.3M	464.1M	290.2M
Short Term Debt	17.5M	41.5M	3.9M	9.2M	106.6M	111.9M
Intangible Assets	64.5M	56.1M	45.5M	31.1M	64.5M	78.6M
Property Plant Equipment	2.3B	2.6B	2.9B	3.6B	4.2B	4.4B
Current Deferred Revenue	323.2M	188.8M	201.9M	263.2M	413.6M	215.6M
Net Tangible Assets	5.0B	5.5B	5.9B	5.8B	6.7B	5.1B
Retained Earnings Total Equity	2.4B	2.3B	2.7B	3.2B	3.7B	2.4B
Long Term Debt Total	461.2M	454.2M	237.7M	236.0M	271.4M	337.2M
Capital Surpluse	2.8B	2.8B	2.9B	2.9B	3.3B	2.8B

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When determining whether First Solar is a strong investment it is important to analyze First Solar's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact First Solar's future performance. For an informed investment choice regarding First Stock, refer to the following important reports:

How To Invest In First

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Is First Stock a good investment?

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What is First Solar's Net Worth?

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Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in First Solar. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis.

To learn how to invest in First Stock, please use our How to Invest in First Solar guide.

You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.

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When running First Solar's price analysis, check to measure First Solar's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy First Solar is operating at the current time. Most of First Solar's value examination focuses on studying past and present price action to predict the probability of First Solar's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move First Solar's price. Additionally, you may evaluate how the addition of First Solar to your portfolios can decrease your overall portfolio volatility.

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Is First Solar's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of First Solar. If investors know First will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about First Solar listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

4.514

Earnings Share

9.54

Revenue Per Share

33.358

Quarterly Revenue Growth

0.448

Return On Assets

0.0718

The market value of First Solar is measured differently than its book value, which is the value of First that is recorded on the company's balance sheet. Investors also form their own opinion of First Solar's value that differs from its market value or its book value, called intrinsic value, which is First Solar's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because First Solar's market value can be influenced by many factors that don't directly affect First Solar's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between First Solar's value and its price as these two are different measures arrived at by different means. Investors typically determine if First Solar is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, First Solar's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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First Total Revenue vs Property Plant Equipment Analysis

Total Revenue vs Property Plant Equipment

Total Revenue vs Property Plant Equipment Correlation Analysis

Correlation Coefficient

Total Revenue

Property Plant Equipment

First Solar fundamental ratios Correlations

First Solar Account Relationship Matchups

High Positive Relationship

High Negative Relationship

First Solar fundamental ratios Accounts

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

Complementary Tools for First Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Other Stockholder Equity	+ 0.99	Common Stock Shares Outstanding
Common Stock Shares Outstanding	+ 0.97	Total Stockholder Equity
Property Plant And Equipment Gross	+ 0.97	Property Plant And Equipment Net
Total Stockholder Equity	+ 0.96	Total Assets
Other Stockholder Equity	+ 0.96	Total Stockholder Equity
Total Current Assets	+ 0.95	Total Assets

Cash	- 0.9	Net Debt
Cash And Short Term Investments	- 0.86	Net Debt
Common Stock Shares Outstanding	- 0.74	Net Debt
Other Stockholder Equity	- 0.69	Net Debt
Net Debt	- 0.69	Total Stockholder Equity
Retained Earnings	- 0.68	Net Debt