First Solar (FSLR) Operating Leases (2019 - 2023)
First Solar (FSLR) posted Operating Leases of $36.2 million for Q2 2023, down 24.34% on a QoQ basis from $47.8 million in Q1 2023, and down 36.71% year-over-year from $57.2 million in Q2 2022.
First Solar (FSLR) Operating Leases (2019 - 2023) Analysis & Trends
First Solar's Operating Leases history runs 5 years deep, the most recent figure standing at $36.2 million for Q2 2023.
- Quarterly Operating Leases fell 36.71% year-over-year to $36.2 million in Q2 2023, while the trailing twelve-month figure through Jun 2023 was $36.2 million (down 36.71% YoY) and the FY2022 annual result came in at $40.6 million, down 72.18% from the prior year.
- Operating Leases was $36.2 million for Q2 2023 at First Solar, down from $47.8 million in the prior quarter.
- Across five years, Operating Leases topped out at $211.3 million in Q2 2020 and bottomed at $36.2 million in Q2 2023.
- A 5-year average of $128.9 million and a median of $141.2 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 sank 74.28%.
- First Solar's Operating Leases stood at $112.5 million in 2019, then soared by 68.01% to $189.0 million in 2020, then slipped by 22.81% to $145.9 million in 2021, then sank by 72.18% to $40.6 million in 2022, then retreated by 10.83% to $36.2 million in 2023.
- Business Quant data shows FSLR's Operating Leases at $36.2 million in Q2 2023, $47.8 million in Q1 2023, and $40.6 million 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 |
|---|---|
| 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 |