Solid State (LSE:SOLI) Days Payable : 43.83 (As of Sep. 2023)

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What is Solid State Days Payable?

Solid State's average Accounts Payable for the six months ended in Sep. 2023 was £14.6 Mil. Solid State's Cost of Goods Sold for the six months ended in Sep. 2023 was £60.8 Mil. Hence, Solid State's Days Payable for the six months ended in Sep. 2023 was 43.83.

The historical rank and industry rank for Solid State's Days Payable or its related term are showing as below:

LSE:SOLI' s Days Payable Range Over the Past 10 Years
Min: 38.9 Med: 41.24 Max: 68.42
Current: 52.56

During the past 13 years, Solid State's highest Days Payable was 68.42. The lowest was 38.90. And the median was 41.24.

LSE:SOLI's Days Payable is ranked worse than
65.39% of 2421 companies
in the Hardware industry
Industry Median: 67.89 vs LSE:SOLI: 52.56

Solid State's Days Payable declined from Sep. 2022 (56.48) to Sep. 2023 (43.83). It may suggest that Solid State accelerated paying its suppliers.

Solid State Days Payable Historical Data

The historical data trend for Solid State's Days Payable 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.

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Solid State Days Payable Chart

Solid State Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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39.40

42.29

39.14

38.98

44.14

Solid State Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Payable	Get a 7-Day Free Trial															58.38	61.40	56.48	59.12	43.83

Competitive Comparison of Solid State's Days Payable

For the Electronic Components subindustry, Solid State's Days Payable, along with its competitors' market caps and Days Payable 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.

Solid State's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Solid State's Days Payable distribution charts can be found below:

* The bar in red indicates where Solid State's Days Payable falls into.

Solid State Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Solid State's Days Payable for the fiscal year that ended in Mar. 2023 is calculated as

	Days Payable (A: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2022 )	+	Accounts Payable (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (8.083	+	12.919)	/	2 )	/	86.829	*	365
=	10.501					/	86.829	*	365
=	44.14

Solid State's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (12.919	+	16.298)	/	2 )	/	60.83	*	365 / 2
=	14.6085					/	60.83	*	365 / 2
=	43.83

Solid State Days Payable Related Terms

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Solid State (LSE:SOLI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Solid State PLC (LSE:SOLI) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Hedera Road, 2 Ravensbank Business Park, Redditch, Worcestershire, GBR, B98 9EY

Website

https://www.solidstateplc.com

Solid State PLC is engaged in manufacturing as well as the distribution of electronic components and materials. The company's operating segment includes divisions which are Components and Systems. It generates maximum revenue from the Components division segment. Geographically, it derives the majority of its revenue from the United Kingdom and has a presence in the Rest of Europe, Asia, North America, and the Rest of the World. It generates revenue from products such as Computing, Communications, Power and Optoelectronics, and electronic components and modules.