First Solar (FSLR) Asset Writedowns and Impairment (2015 - 2023)
First Solar (FSLR) posted Asset Writedowns and Impairment of $1.3 million for Q4 2023, up 1608.11% on a QoQ basis from $74000.0 in Q3 2023, and up 131.93% year-over-year from $545000.0 in Q4 2022.
First Solar (FSLR) Asset Writedowns and Impairment (2015 - 2023) Analysis & Trends
First Solar's Asset Writedowns and Impairment history runs 9 years deep, the most recent figure standing at $1.3 million for Q4 2023.
- Quarterly Asset Writedowns and Impairment rose 131.93% year-over-year to $1.3 million in Q4 2023, while the trailing twelve-month figure through Dec 2023 was $2.0 million (down 42.24% YoY) and the FY2024 annual result came in at $1.4 million, down 13.27% from the prior year.
- Asset Writedowns and Impairment was $1.3 million for Q4 2023 at First Solar, up from $74000.0 in the prior quarter.
- Across five years, Asset Writedowns and Impairment topped out at $18.0 million in Q3 2020 and bottomed at $74000.0 in Q3 2023.
- A 5-year average of $3.9 million and a median of $1.4 million in 2019 frame the typical range for Asset Writedowns and Impairment.
- Annual changes were most pronounced in 2020 — Asset Writedowns and Impairment jumped 688.05% — and 2022, when it sank 97.25%.
- First Solar's Asset Writedowns and Impairment stood at $1.4 million in 2019, then soared by 688.05% to $11.2 million in 2020, then advanced by 23.09% to $13.8 million in 2021, then slumped by 96.05% to $545000.0 in 2022, then surged by 131.93% to $1.3 million in 2023.
- Business Quant data shows FSLR's Asset Writedowns and Impairment at $1.3 million in Q4 2023, $74000.0 in Q3 2023, and $545000.0 in Q4 2022.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | First Solar | 22.08 Bn | 19.65 Bn | 486.13 Mn |
| 2 | Nextpower | 15.32 Bn | 14.23 Bn | 297.38 Mn |
| 3 | Enphase Energy | 4.98 Bn | 4.05 Bn | 100.39 Mn |
| 4 | JinkoSolar Holding | 3.20 Bn | -107.75 Mn | 147.66 Mn |
| 5 | Solaredge Technologies | 2.60 Bn | 2.04 Bn | 68.28 Mn |
| 6 | Sunrun | 2.35 Bn | 687.09 Mn | 407.49 Mn |
| 7 | Shoals Technologies | 1.55 Bn | 1.55 Bn | 41.01 Mn |
| 8 | Canadian Solar | 925.64 Mn | 166.07 Mn | 124.40 Mn |
| 9 | Array Technologies | 843.55 Mn | 642.85 Mn | 63.00 Mn |
| 10 | Toyo | 182.74 Mn | 106.10 Mn | 47.76 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 | 900,000.00 |
| Jun 30, 2022 | 900,000.00 |
| 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 |