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Solitron Devices (Solitron Devices) Days Sales Outstanding : 40.59 (As of Nov. 2023)


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What is Solitron Devices Days Sales Outstanding?

Solitron Devices's average Accounts Receivable for the three months ended in Nov. 2023 was $1.84 Mil. Solitron Devices's Revenue for the three months ended in Nov. 2023 was $4.14 Mil. Hence, Solitron Devices's Days Sales Outstanding for the three months ended in Nov. 2023 was 40.59.

The historical rank and industry rank for Solitron Devices's Days Sales Outstanding or its related term are showing as below:

SODI' s Days Sales Outstanding Range Over the Past 10 Years
Min: 33.61   Med: 41.57   Max: 67.66
Current: 41.94

During the past 13 years, Solitron Devices's highest Days Sales Outstanding was 67.66. The lowest was 33.61. And the median was 41.57.

SODI's Days Sales Outstanding is ranked better than
77.91% of 978 companies
in the Semiconductors industry
Industry Median: 62.435 vs SODI: 41.94

Solitron Devices's Days Sales Outstanding declined from Nov. 2022 (122.73) to Nov. 2023 (40.59).


Solitron Devices Days Sales Outstanding Historical Data

The historical data trend for Solitron Devices's Days Sales Outstanding can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Solitron Devices Days Sales Outstanding Chart

Solitron Devices Annual Data
Trend Feb12 Feb13 Feb14 Feb15 Feb16 Feb19 Feb20 Feb21 Feb22 Feb23
Days Sales Outstanding
Get a 7-Day Free Trial Premium Member Only Premium Member Only 45.87 63.38 46.52 43.04 67.66

Solitron Devices Quarterly Data
Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23
Days Sales Outstanding Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 122.73 31.02 44.21 37.91 40.59

Competitive Comparison of Solitron Devices's Days Sales Outstanding

For the Semiconductor Equipment & Materials subindustry, Solitron Devices's Days Sales Outstanding, along with its competitors' market caps and Days Sales Outstanding data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Solitron Devices's Days Sales Outstanding Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Solitron Devices's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Solitron Devices's Days Sales Outstanding falls into.



Solitron Devices Days Sales Outstanding Calculation

Days Sales Outstanding measures the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed.

Accounts Receivable can be measured by Days Sales Outstanding.

Solitron Devices's Days Sales Outstanding for the fiscal year that ended in Feb. 2023 is calculated as

Days Sales Outstanding (A: Feb. 2023 )
=Average Accounts Receivable /Revenue*Days in Period
=( (Accounts Receivable (A: Feb. 2022 ) + Accounts Receivable (A: Feb. 2023 )) / count ) / Revenue (A: Feb. 2023 )*Days in Period
=( (1.591 + 0.784) / 2 ) / 6.406*365
=1.1875 / 6.406*365
=67.66

Solitron Devices's Days Sales Outstanding for the quarter that ended in Nov. 2023 is calculated as:

Days Sales Outstanding (Q: Nov. 2023 )
=Average Accounts Receivable /Revenue*Days in Period
=( (Accounts Receivable (A: Aug. 2023 ) + Accounts Receivable (A: Nov. 2023 )) / count ) / Revenue (A: Nov. 2023 )*Days in Period
=( (0.952 + 2.728) / 2 ) / 4.136*365 / 4
=1.84 / 4.136*365 / 4
=40.59

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Solitron Devices  (OTCPK:SODI) Days Sales Outstanding Explanation

For retailers, when we compare Days Sales Outstanding, it is important to compare the same period in the previous years.


Solitron Devices Days Sales Outstanding Related Terms

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Solitron Devices (Solitron Devices) Business Description

Traded in Other Exchanges
N/A
Address
901 Sansburys Way, West Palm Beach, FL, USA, 33411
Solitron Devices Inc designs, develop, manufactures, and markets solid-state semiconductor components and related devices mainly for the military and aerospace markets. It manufactures a large variety of bipolar and metal oxide semiconductor (MOS) power transistors, power and control hybrids, junction and power MOS field-effect transistors (Power MOSFETS), field effect transistors, and other related products. It derives the majority of its revenues from its business operations in the United States, while it also holds a presence in Canada, Latin America, the Far East, and the Middle East.
Executives
Howard Timothy Eriksen director 567 WILDROSE CIRCLE, LYNDEN WA 98264
Mark Matson officer: President and COO 600 S. ROCKFORD DRIVE, TEMPE AZ 85281
Olesen Value Fund Gp Llc 10 percent owner C/O OLESEN CAPITAL MANAGEMENT LLC, 185 HUDSON STREET, SUITE 2539, JERSEY CITY NJ 07311
David William Pointer director PO BOX 402, NEWMAN LAKE WA 99025
Christian Olesen 10 percent owner C/O OLESEN CAPITAL MANAGEMENT LLC, 185 HUDSON STREET, SUITE 2539, JERSEY CITY NJ 07311
Olesen Capital Management Llc 10 percent owner 185 HUDSON STREET, SUITE 2539, JERSEY CITY NJ 07311
Olesen Value Fund L.p. 10 percent owner C/O OLESEN CAPITAL MANAGEMENT LLC, 185 HUDSON STREET, SUITE 2539, JERSEY CITY NJ 07311
John Stayduhar other: Shareholder C/O JOHN FARINA, 1601 FORUM PL. #900, WEST PALM BEACH FL 33401
Charles M Gillman director 1223 WILSHIRE BOULEVARD, OFFICE 648, SANTA MONICA CA 90402
Cedar Creek Partners Llc other: Shareholder 8695 GLENDALE RD., CUSTER WA 98240
Eriksen Capital Management Llc other: Shareholder 8695 GLENDALE RD., CUSTER WA 98240
John F Chiste director
Dwight P Aubrey director C/O SOLITRON DEVICES, INC., 3301 ELECTRONICS WAY, WEST PALM BEACH FL 33407
Joseph F Gerrity director
Sidney H Kopperl director C/O SOLITRON DEVICES, INC., 3301 ELECTRONICS WAY, WEST PALM BEACH FL 33407

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