Discontinued — last reported Q3 '24
Modules — Depreciation and amortization expense
First Solar Modules — Depreciation and amortization expense increased by 7.1% to $92.55M in Q3 2024 compared to the prior quarter. Year-over-year, this metric grew by 20.2%, from $76.99M to $92.55M. Over 2 years (FY 2021 to FY 2023), Modules — Depreciation and amortization expense shows an upward trend with a 15.8% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
How to read this metric
An increase suggests higher capital investment in manufacturing capacity or aging assets, while a decrease may indicate lower capital intensity or fully depreciated equipment.
Detailed definition
This metric represents the total non-cash expense allocated to the Modules business segment for the wear and tear of tan...
Peer comparison
Comparable to depreciation and amortization charges in manufacturing segments of other renewable energy or hardware technology companies.
fslr_segment_modules_depreciation_and_amortization_expenseHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $56.69M | $56.34M | $55.97M | $56.20M | $57.81M | $58.29M | $58.53M | $61.58M | $72.59M | $76.99M | $83.68M | $81.06M | $86.43M | $92.55M |
| QoQ Change | — | -0.6% | -0.7% | +0.4% | +2.9% | +0.8% | +0.4% | +5.2% | +17.9% | +6.1% | +8.7% | -3.1% | +6.6% | +7.1% |
| YoY Change | — | — | — | — | +2.0% | +3.5% | +4.6% | +9.6% | +25.6% | +32.1% | +43.0% | +31.6% | +19.1% | +20.2% |
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Frequently Asked Questions
- What is First Solar's modules — depreciation and amortization expense?
- First Solar (FSLR) reported modules — depreciation and amortization expense of $92.55M in Q3 2024.
- How has First Solar's modules — depreciation and amortization expense changed year-over-year?
- First Solar's modules — depreciation and amortization expense increased by 20.2% year-over-year, from $76.99M to $92.55M.
- What is the long-term trend for First Solar's modules — depreciation and amortization expense?
- Over 2 years (2021 to 2023), First Solar's modules — depreciation and amortization expense has grown at a 15.8% compound annual growth rate (CAGR), from $219.71M to $294.84M.
- What does modules — depreciation and amortization expense mean?
- The total non-cash cost of using up manufacturing assets within the solar modules business segment.