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The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. Solid State's Revenue for the
six
months ended in Mar. 2026 was £68.5 Mil. Solid State's average Accounts Receivable for the
six
months ended in Mar. 2026 was £22.5 Mil.
Hence, Solid State's Receivables Turnover for the
six
months ended in Mar. 2026 was 3.04.
Solid State (LSE:SOLI) Receivables Turnover Explanation
An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.
Solid State Receivables Turnover Related Terms
Solid State Receivables Turnover Historical Data
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The historical data trend for Solid State's Receivables Turnover 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.
LSE:SOLI vs APH, GLW, TEL: Receivables Turnover Comparison
For the Electronic Components subindustry, Solid State's Receivables Turnover, along with its competitors' market caps and Receivables Turnover 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 Receivables Turnover vs Hardware Industry
For the Hardware industry and Technology sector, Solid State's Receivables Turnover distribution charts can be found below:
* The bar in red indicates where Solid State's Receivables Turnover falls into.
* 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.
Solid State (LSE:SOLI) has a Receivables Turnover of 3.04 as of Mar. 2026. The accounts receivables turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by Average Accounts Receivable. View historical data on Solid State and its competitors. According to the industry distribution chart, Solid State ranks #569 out of 2469 companies in the Hardware industry, placing it in the top 23%.
Is Solid State's Receivables Turnover too high?
Solid State's current Receivables Turnover is 3.04. The Hardware industry median Receivables Turnover is 4.90. Solid State's value of 3.04 is 38% below this industry median. Based on the distribution chart, Solid State ranks #569 out of 2469 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, Solid State has a GF Score™ of 83/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Solid State's Receivables Turnover compare to APH and GLW?
According to the Hardware industry distribution chart, Solid State ranks #569 out of 2469 companies for Receivables Turnover. This places Solid State in the top 23% of its industry — outperforming the majority of peers. The industry median Receivables Turnover is 4.90. Solid State's value of 3.04 is 38% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Receivables Turnover for a Hardware company?
The median Receivables Turnover among Hardware companies is 4.90, based on 2,469 companies in the industry. Companies in the top quartile (top 25%) have a Receivables Turnover significantly above this median, while those in the bottom quartile fall well below. However, Receivables Turnover should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Solid State's current Receivables Turnover of 3.04 is 38% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Receivables Turnover mean?
A high Receivables Turnover can signal that a stock is expensive relative to its fundamentals. The accounts receivables turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by Average Accounts Receivable. View historical data on Solid State and its competitors. For the Hardware industry, the median Receivables Turnover is 4.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Solid State's current Receivables Turnover is 3.04. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Solid State stock overvalued right now?
Based on GuruFocus' analysis, Solid State (LSE:SOLI) is currently considered Modestly Undervalued. The stock's GF Value™ is £2.31, compared to a current price of £1.92 — trading 17.1% below its estimated fair value. The current Receivables Turnover is 3.04 and 38% below the Hardware industry median of 4.90. Solid State's overall GF Score™ is 83/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Receivables Turnover calculated?
Receivables Turnover is calculated from a company's financial statements. For Solid State (LSE:SOLI), the current Receivables Turnover is 3.04 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Solid State (LSE:SOLI) Overvalued in 2026?
Based on GuruFocus' analysis, Solid State stock appears to be undervalued.
The current stock price of £1.92 is trading 17.1% below its estimated GF Value™ of £2.31.
GuruFocus considers Solid State to be Modestly Undervalued.
Key valuation signals for LSE:SOLI:
Receivables Turnover: 3.04
GF Value™: £2.31 vs. price of £1.92 (17.1% below fair value)
Industry Position: 38% below the Hardware median (#569 of 2469)
No single metric tells the full story. See the LSE:SOLI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Solid State PLC is engaged in the manufacturing as well as distribution of electronic components and materials. The company's operating segment includes divisions, which are Components and Systems. 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. The company generates revenue from products such as Computing, Communications, Power and Optoelectronics, and electronic components and modules.
83GF Score
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