First Solar (FSLR) Operating Leases (2019 - 2023)
First Solar's (FSLR) quarterly Operating Leases came in at $45.9 million in Q2 2023, down 19.76% YoY from $57.2 million in Q2 2022, and down 4.07% on a QoQ basis from $47.8 million in Q1 2023.
First Solar (FSLR) Operating Leases (2019 - 2023) Analysis & Trends
First Solar (FSLR) has 5 years of Operating Leases data on file, last reported at $45.9 million in Q2 2023.
- Quarterly Operating Leases fell 19.76% year-over-year to $45.9 million in Q2 2023, while the trailing twelve-month figure through Jun 2023 was $45.9 million (down 19.76% YoY) and the FY2022 annual result came in at $40.6 million, down 72.18% from the prior year.
- Operating Leases slipped to $45.9 million in Q2 2023, from $47.8 million in the prior quarter.
- In the past five years, Operating Leases ranged from a high of $211.3 million in Q2 2020 to a low of $40.6 million in Q4 2022.
- A 5-year average of $133.6 million and a median of $145.6 million in 2019 frame the typical range for Operating Leases.
- Annual changes were most pronounced in 2020 — Operating Leases jumped 68.01% — and 2022, when it slumped 72.18%.
- Tracing FSLR's Operating Leases over 5 years: stood at $112.5 million in 2019, then jumped by 68.01% to $189.0 million in 2020, then retreated by 22.81% to $145.9 million in 2021, then tumbled by 72.18% to $40.6 million in 2022, then rose by 13.05% to $45.9 million in 2023.
- The last three Operating Leases figures came in at $45.9 million (Q2 2023), $47.8 million (Q1 2023), and $40.6 million (Q4 2022), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | First Solar | 23.03 Bn | 21.30 Bn | 605.00 Mn |
| 2 | Nextpower | 13.25 Bn | 12.03 Bn | 335.85 Mn |
| 3 | Enphase Energy | 5.07 Bn | 4.13 Bn | 175.01 Mn |
| 4 | Sunrun | 2.24 Bn | 2.24 Bn | 527.54 Mn |
| 5 | Solaredge Technologies | 1.89 Bn | 1.31 Bn | 95.15 Mn |
| 6 | Shoals Technologies | 1.24 Bn | 1.22 Bn | 49.53 Mn |
| 7 | Canadian Solar | 991.33 Mn | -596.96 Mn | 124.40 Mn |
| 8 | JinkoSolar Holding | 831.90 Mn | -2.48 Bn | 147.66 Mn |
| 9 | Array Technologies | 727.79 Mn | 420.48 Mn | 99.60 Mn |
| 10 | Toyo | 170.12 Mn | 93.48 Mn | 47.76 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2023 | 36.19 Mn |
| Mar 31, 2023 | 47.84 Mn |
| Dec 31, 2022 | 40.59 Mn |
| Sep 30, 2022 | 44.66 Mn |
| Jun 30, 2022 | 57.19 Mn |
| Mar 31, 2022 | 136.53 Mn |
| Dec 31, 2021 | 145.91 Mn |
| Sep 30, 2021 | 173.63 Mn |
| Jun 30, 2021 | 175.76 Mn |
| Mar 31, 2021 | 196.68 Mn |
| Dec 31, 2020 | 189.03 Mn |
| Sep 30, 2020 | 184.89 Mn |
| Jun 30, 2020 | 211.33 Mn |
| Mar 31, 2020 | 137.08 Mn |
| Dec 31, 2019 | 112.52 Mn |
| Sep 30, 2019 | 153.48 Mn |
| Jun 30, 2019 | 131.79 Mn |
| Mar 31, 2019 | 145.29 Mn |