First Solar (FSLR) Asset Writedowns and Impairment (2015 - 2023)
First Solar (FSLR) reported Asset Writedowns and Impairment of $1.3 million for Q4 2023, up 131.93% on a YoY basis from $545000.0 in Q4 2022, and up 1608.11% quarter-over-quarter from $74000.0 in Q3 2023.
First Solar (FSLR) Asset Writedowns and Impairment (2015 - 2023) Analysis & Trends
First Solar has reported Asset Writedowns and Impairment for 9 years, with the latest figure at $1.3 million in Q4 2023.
- For the quarter ending Q4 2023, Asset Writedowns and Impairment rose 131.93% year-over-year to $1.3 million; the trailing twelve-month figure through Dec 2023 stood at $2.0 million (down 96.58% YoY), and the FY2024 full-year result was $1.4 million, down 13.27% from the prior year.
- Asset Writedowns and Impairment for Q4 2023 stood at $1.3 million, up from $74000.0 in the prior quarter.
- The five-year high for Asset Writedowns and Impairment was $55.6 million in Q2 2022, with the low at $74000.0 in Q3 2023.
- Historically, Asset Writedowns and Impairment has averaged $7.0 million across 5 years, with a median of $1.7 million in 2019.
- The largest YoY upside for Asset Writedowns and Impairment was 7187.02% in 2022 against a maximum downside of 97.25% in 2022.
- First Solar's Asset Writedowns and Impairment stood at $1.4 million in 2019, then jumped by 688.05% to $11.2 million in 2020, then rose by 23.09% to $13.8 million in 2021, then plunged by 96.05% to $545000.0 in 2022, then soared by 131.93% to $1.3 million in 2023.
- The last three Asset Writedowns and Impairment figures came in at $1.3 million (Q4 2023), $74000.0 (Q3 2023), and $545000.0 (Q4 2022), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | First Solar | 28.68 Bn | 26.25 Bn | 486.13 Mn |
| 2 | Nextpower | 18.03 Bn | 16.93 Bn | 297.38 Mn |
| 3 | Enphase Energy | 7.16 Bn | 6.23 Bn | 100.39 Mn |
| 4 | Solaredge Technologies | 3.68 Bn | 3.13 Bn | 68.28 Mn |
| 5 | Sunrun | 3.02 Bn | 3.91 Bn | 543.70 Mn |
| 6 | Shoals Technologies | 1.75 Bn | 1.75 Bn | 41.01 Mn |
| 7 | Array Technologies | 1.19 Bn | 987.00 Mn | 63.00 Mn |
| 8 | JinkoSolar Holding | 596.69 Mn | 2.20 Bn | 147.66 Mn |
| 9 | Tigo Energy | 209.39 Mn | 197.82 Mn | 10.79 Mn |
| 10 | Skycorp Solar | 110.38 Mn | 103.60 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2023 | 1.26 Mn |
| Dec 31, 2023 | 1.26 Mn |
| Sep 30, 2023 | 74,000.00 |
| Sep 30, 2023 | 74,000.00 |
| Dec 31, 2022 | 545,000.00 |
| Dec 31, 2022 | 545,000.00 |
| Sep 30, 2022 | 105,000.00 |
| Sep 30, 2022 | 105,000.00 |
| Jun 30, 2022 | 55.60 Mn |
| Jun 30, 2022 | 55.60 Mn |
| Mar 31, 2022 | 1.89 Mn |
| Mar 31, 2022 | 1.89 Mn |
| Dec 31, 2021 | 13.79 Mn |
| Dec 31, 2021 | 13.79 Mn |
| Sep 30, 2021 | 3.82 Mn |
| Sep 30, 2021 | 3.82 Mn |
| Jun 30, 2021 | 763,000.00 |
| Jun 30, 2021 | 763,000.00 |
| Mar 31, 2021 | 4.50 Mn |
| Mar 31, 2021 | 4.50 Mn |