First Solar (FSLR) Operating Leases (2020 - 2023)
First Solar's (FSLR) quarterly Operating Leases came in at $47.8 million in Q1 2023, down 67.97% on a YoY basis from $149.4 million in Q1 2022, and down 10.69% quarter-over-quarter from $53.6 million in Q3 2022.
Analysis
First Solar (FSLR) Operating Leases (2020 - 2023) Analysis & Trends
First Solar (FSLR) has reported Operating Leases for 4 consecutive years, with $47.8 million the latest figure, recorded in Q1 2023.
- For the quarter ending Q1 2023, Operating Leases fell 67.97% year-over-year to $47.8 million; the trailing twelve-month figure through Mar 2023 stood at $47.8 million (down 67.97% YoY), and the FY2021 full-year result was $145.9 million, changed N/A from the prior year.
- Operating Leases declined to $47.8 million in Q1 2023 per FSLR's latest filing, from $53.6 million in the prior quarter.
- Across five years, Operating Leases topped out at $211.3 million in Q2 2020 and bottomed at $47.8 million in Q1 2023.
- Historically, Operating Leases has averaged $143.1 million across 4 years, with a median of $149.4 million in 2022.
- The sharpest annual moves came in 2021 and 2022: Operating Leases soared 43.48% in 2021, then tumbled 71.39% in 2022.
- Over 4 years, Operating Leases stood at $199.4 million in 2020, then slipped by 26.82% to $145.9 million in 2021, then sank by 63.29% to $53.6 million in 2022, then decreased by 10.69% to $47.8 million in 2023.
- According to Business Quant data, Operating Leases over the past three periods registered $47.8 million, $53.6 million, and $57.2 million for Q1 2023, Q3 2022, and Q2 2022 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | First Solar | 22.36 Bn | 20.63 Bn | 605.00 Mn |
| 2 | Nextpower | 12.26 Bn | 11.04 Bn | 335.85 Mn |
| 3 | Enphase Energy | 4.84 Bn | 3.91 Bn | 175.01 Mn |
| 4 | Solaredge Technologies | 2.03 Bn | 1.45 Bn | 95.15 Mn |
| 5 | T1 Energy | 1.31 Bn | 1.10 Bn | 49.10 Mn |
| 6 | Shoals Technologies | 1.17 Bn | 1.15 Bn | 49.53 Mn |
| 7 | Canadian Solar | 879.50 Mn | -587.01 Mn | 168.48 Mn |
| 8 | Array Technologies | 696.24 Mn | 388.94 Mn | 99.60 Mn |
| 9 | JinkoSolar Holding | 614.03 Mn | -2.07 Bn | 75.62 Mn |
| 10 | Toyo | 132.44 Mn | 22.39 Mn | 36.97 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2023 | 47.84 Mn |
| Sep 30, 2022 | 53.56 Mn |
| Jun 30, 2022 | 57.19 Mn |
| Mar 31, 2022 | 149.36 Mn |
| Dec 31, 2021 | 145.91 Mn |
| Sep 30, 2021 | 187.19 Mn |
| Jun 30, 2021 | 188.98 Mn |
| Mar 31, 2021 | 196.68 Mn |
| Sep 30, 2020 | 199.39 Mn |
| Jun 30, 2020 | 211.33 Mn |
| Mar 31, 2020 | 137.08 Mn |