Solid State (LSE:SOLI) Days Sales Outstanding : 38.35 (As of Sep. 2023)

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What is Solid State Days Sales Outstanding?

Solid State's average Accounts Receivable for the six months ended in Sep. 2023 was £18.5 Mil. Solid State's Revenue for the six months ended in Sep. 2023 was £88.1 Mil. Hence, Solid State's Days Sales Outstanding for the six months ended in Sep. 2023 was 38.35.

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

LSE:SOLI' s Days Sales Outstanding Range Over the Past 10 Years
Min: 45.19 Med: 66.16 Max: 99.38
Current: 48.38

During the past 13 years, Solid State's highest Days Sales Outstanding was 99.38. The lowest was 45.19. And the median was 66.16.

LSE:SOLI's Days Sales Outstanding is ranked better than
79.63% of 2460 companies
in the Hardware industry
Industry Median: 74.5 vs LSE:SOLI: 48.38

Solid State's Days Sales Outstanding declined from Sep. 2022 (60.97) to Sep. 2023 (38.35).

Solid State Days Sales Outstanding Historical Data

The historical data trend for Solid State'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.

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Solid State Days Sales Outstanding Chart

Solid State Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Sales Outstanding

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66.47

61.01

62.76

57.18

45.19

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 Sales Outstanding	Get a 7-Day Free Trial															61.79	59.88	60.97	55.84	38.35

Competitive Comparison of Solid State's Days Sales Outstanding

For the Electronic Components subindustry, Solid State'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.

Solid State's Days Sales Outstanding Distribution in the Hardware Industry

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

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

Solid State 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.

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

	Days Sales Outstanding (A: Mar. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Mar. 2022 )	+	Accounts Receivable (A: Mar. 2023 ))	/	count )	/	Revenue (A: Mar. 2023 )	*	Days in Period
=	( (14.948	+	16.379)	/	2 )	/	126.503	*	365
=	15.6635					/	126.503	*	365
=	45.19

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

	Days Sales Outstanding (Q: Sep. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Mar. 2023 )	+	Accounts Receivable (A: Sep. 2023 ))	/	count )	/	Revenue (A: Sep. 2023 )	*	Days in Period
=	( (16.379	+	20.656)	/	2 )	/	88.125	*	365 / 2
=	18.5175					/	88.125	*	365 / 2
=	38.35

Solid State (LSE:SOLI) Days Sales Outstanding Explanation

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

Solid State Days Sales Outstanding 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 Sales Outstanding

Comparable Companies

Traded in Other Exchanges

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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.