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
DateValue
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