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
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 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