Return on Equity (ROE)
since 2006
Calculation
First Solar Inc., ROE, long-term trends, calculation
| ROE | = | 100 | × | Net income (loss)1 | ÷ | Stockholders’ equity1 | |
|---|---|---|---|---|---|---|---|
| Dec 31, 2023 | 12.42% | = | 100 | × | 830,777) | ÷ | 6,687,469) |
| Dec 31, 2022 | -0.76% | = | 100 | × | (44,166) | ÷ | 5,836,055) |
| Dec 31, 2021 | 7.86% | = | 100 | × | 468,693) | ÷ | 5,959,551) |
| Dec 31, 2020 | 7.22% | = | 100 | × | 398,355) | ÷ | 5,520,928) |
| Dec 31, 2019 | -2.26% | = | 100 | × | (114,933) | ÷ | 5,096,767) |
| Dec 31, 2018 | 2.77% | = | 100 | × | 144,326) | ÷ | 5,212,403) |
| Dec 31, 2017 | -3.25% | = | 100 | × | (165,615) | ÷ | 5,098,697) |
| Dec 31, 2016 | -6.87% | = | 100 | × | (357,964) | ÷ | 5,212,687) |
| Dec 31, 2015 | 9.85% | = | 100 | × | 546,421) | ÷ | 5,548,487) |
| Dec 31, 2014 | 7.89% | = | 100 | × | 396,918) | ÷ | 5,027,487) |
| Dec 31, 2013 | 7.84% | = | 100 | × | 353,038) | ÷ | 4,503,117) |
| Dec 31, 2012 | -2.67% | = | 100 | × | (96,338) | ÷ | 3,605,526) |
| Dec 31, 2011 | -1.08% | = | 100 | × | (39,493) | ÷ | 3,643,863) |
| Dec 31, 2010 | 19.22% | = | 100 | × | 664,201) | ÷ | 3,454,945) |
| Dec 26, 2009 | 24.13% | = | 100 | × | 640,138) | ÷ | 2,652,787) |
| Dec 27, 2008 | 23.02% | = | 100 | × | 348,330) | ÷ | 1,513,042) |
| Dec 29, 2007 | 14.43% | = | 100 | × | 158,354) | ÷ | 1,097,267) |
| Dec 30, 2006 | 0.97% | = | 100 | × | 3,974) | ÷ | 411,440) |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-26), 10-K (reporting date: 2008-12-27), 10-K (reporting date: 2007-12-29), 10-K (reporting date: 2006-12-30).
1 US$ in thousands
Comparison to Competitors
First Solar Inc., ROE, long-term trends, comparison to competitors
| First Solar Inc. | Advanced Micro Devices Inc. | Analog Devices Inc. | Applied Materials Inc. | Broadcom Inc. | Intel Corp. | KLA Corp. | Lam Research Corp. | Micron Technology Inc. | Monolithic Power Systems Inc. | NVIDIA Corp. | Qualcomm Inc. | Texas Instruments Inc. | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dec 31, 2023 | 12.42% | 1.53% | 9.32% | 41.94% | 58.70% | 1.60% | 116.01% | 54.94% | -13.22% | 20.85% | 19.76% | 33.51% | 38.53% |
| Dec 31, 2022 | -0.76% | 2.41% | 7.54% | 53.51% | 50.62% | 7.90% | 237.04% | 73.35% | 17.41% | 26.23% | 36.65% | 71.81% | 60.02% |
| Dec 31, 2021 | 7.86% | 42.18% | 3.66% | 48.08% | 26.99% | 20.83% | 61.53% | 64.85% | 13.34% | 19.46% | 25.64% | 90.88% | 58.27% |
| Dec 31, 2020 | 7.22% | 42.66% | 10.17% | 34.21% | 12.40% | 25.79% | 45.65% | 43.53% | 6.89% | 17.01% | 22.91% | 85.54% | 60.90% |
| Dec 31, 2019 | -2.26% | 12.06% | 11.64% | 32.94% | 10.92% | 27.16% | 44.21% | 46.89% | 17.59% | 14.07% | 44.33% | 89.35% | 56.33% |
| Dec 31, 2018 | 2.77% | 26.62% | 13.61% | 48.44% | 45.99% | 28.24% | 49.51% | 36.62% | 43.77% | 16.45% | 40.78% | -524.14% | 62.04% |
| Dec 31, 2017 | -3.25% | 7.04% | 7.16% | 36.73% | 8.34% | 13.91% | 69.82% | 24.90% | 27.33% | 12.49% | 28.91% | 8.02% | 35.62% |
| Dec 31, 2016 | -6.87% | -119.47% | 16.68% | 23.85% | -9.20% | 15.58% | 102.22% | 15.51% | -2.28% | 12.23% | 13.74% | 17.95% | 34.33% |
| Dec 31, 2015 | 9.85% | — | 13.74% | 18.09% | 28.94% | 18.70% | 86.88% | 12.85% | 23.57% | 9.54% | 14.27% | 16.78% | 30.02% |
| Dec 31, 2014 | 7.89% | -215.51% | 13.23% | 13.62% | 8.11% | 20.95% | 15.88% | 12.57% | 28.27% | 10.25% | 9.87% | 20.34% | 27.15% |
| Dec 31, 2013 | 7.84% | -15.26% | 14.21% | 3.61% | 19.13% | 16.51% | 15.60% | 2.54% | 13.02% | 7.08% | 11.65% | 18.99% | 20.01% |
| Dec 31, 2012 | -2.67% | -219.89% | 15.63% | 1.51% | 23.27% | 21.49% | 22.80% | 3.29% | -13.40% | 6.10% | 14.02% | 18.22% | 16.05% |
| Dec 31, 2011 | -1.08% | 30.88% | 22.85% | 21.89% | 27.52% | 28.19% | 27.77% | 29.30% | 1.97% | 5.48% | 7.96% | 15.81% | 20.42% |
| Dec 31, 2010 | 19.22% | 46.50% | 22.25% | 12.44% | 27.57% | 23.19% | 9.45% | 19.61% | 23.07% | 11.97% | -2.55% | 15.57% | 30.93% |
| Dec 26, 2009 | 24.13% | 46.91% | 9.80% | -4.30% | -4.23% | 10.48% | -23.96% | -20.79% | -39.43% | 9.24% | -1.25% | 7.84% | 15.12% |
| Dec 27, 2008 | 23.02% | — | 32.49% | 12.73% | — | 13.54% | 12.04% | 24.70% | -26.21% | 14.71% | 30.47% | 17.61% | 20.59% |
| Dec 29, 2007 | 14.43% | -113.01% | 21.25% | 21.87% | — | 16.31% | 14.88% | 58.30% | -4.13% | 8.42% | 22.36% | 20.86% | 26.64% |
| Dec 30, 2006 | 0.97% | -2.87% | 15.99% | 22.80% | — | 13.72% | 10.66% | 24.05% | 5.03% | -3.02% | 20.76% | 18.42% | 38.21% |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-26), 10-K (reporting date: 2008-12-27), 10-K (reporting date: 2007-12-29), 10-K (reporting date: 2006-12-30).
Comparison to Sector (Semiconductors & Semiconductor Equipment)
First Solar Inc., ROE, long-term trends, comparison to sector (semiconductors & semiconductor equipment)
| First Solar Inc. | Semiconductors & Semiconductor Equipment | |
|---|---|---|
| Dec 31, 2023 | 12.42% | 13.34% |
| Dec 31, 2022 | -0.76% | 22.71% |
| Dec 31, 2021 | 7.86% | 25.76% |
| Dec 31, 2020 | 7.22% | 24.50% |
| Dec 31, 2019 | -2.26% | 26.78% |
| Dec 31, 2018 | 2.77% | 33.36% |
| Dec 31, 2017 | -3.25% | 16.94% |
| Dec 31, 2016 | -6.87% | 13.42% |
| Dec 31, 2015 | 9.85% | 19.04% |
| Dec 31, 2014 | 7.89% | 19.75% |
| Dec 31, 2013 | 7.84% | 15.75% |
| Dec 31, 2012 | -2.67% | 14.93% |
| Dec 31, 2011 | -1.08% | 21.52% |
| Dec 31, 2010 | 19.22% | 20.97% |
| Dec 26, 2009 | 24.13% | 5.28% |
| Dec 27, 2008 | 23.02% | 10.03% |
| Dec 29, 2007 | 14.43% | 13.62% |
| Dec 30, 2006 | 0.97% | 16.50% |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-26), 10-K (reporting date: 2008-12-27), 10-K (reporting date: 2007-12-29), 10-K (reporting date: 2006-12-30).
Comparison to Industry (Information Technology)
First Solar Inc., ROE, long-term trends, comparison to industry (information technology)
| First Solar Inc. | Information Technology | |
|---|---|---|
| Dec 31, 2023 | 12.42% | 31.90% |
| Dec 31, 2022 | -0.76% | 39.03% |
| Dec 31, 2021 | 7.86% | 42.37% |
| Dec 31, 2020 | 7.22% | 35.70% |
| Dec 31, 2019 | -2.26% | 36.62% |
| Dec 31, 2018 | 2.77% | 30.36% |
| Dec 31, 2017 | -3.25% | 23.39% |
| Dec 31, 2016 | -6.87% | 23.35% |
| Dec 31, 2015 | 9.85% | 26.16% |
| Dec 31, 2014 | 7.89% | 25.60% |
| Dec 31, 2013 | 7.84% | 24.88% |
| Dec 31, 2012 | -2.67% | 26.23% |
| Dec 31, 2011 | -1.08% | 29.20% |
| Dec 31, 2010 | 19.22% | 27.88% |
| Dec 26, 2009 | 24.13% | 20.28% |
| Dec 27, 2008 | 23.02% | 25.66% |
| Dec 29, 2007 | 14.43% | 24.00% |
| Dec 30, 2006 | 0.97% | 22.73% |
Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-26), 10-K (reporting date: 2008-12-27), 10-K (reporting date: 2007-12-29), 10-K (reporting date: 2006-12-30).