Solid State (LSE:SOLI) Change In Inventory : £-3.5 Mil (TTM As of Sep. 2023)

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What is Solid State Change In Inventory?

Solid State's change in inventory for the quarter that ended in Sep. 2023 was £5.6 Mil. It means Solid State's inventory declined by £5.6 Mil from Mar. 2023 to Sep. 2023 .

Solid State's change in inventory for the fiscal year that ended in Mar. 2023 was £-12.5 Mil. It means Solid State's inventory increased by £12.5 Mil from Mar. 2022 to Mar. 2023 .

Solid State's Total Inventories for the quarter that ended in Sep. 2023 was £27.7 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Solid State's Days Inventory for the quarter that ended in Sep. 2023 was 91.40.

Inventory Turnover measures how fast the company turns over its inventory within a year. Solid State's Inventory Turnover for the quarter that ended in Sep. 2023 was 2.00.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Solid State's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.35.

Solid State Change In Inventory Historical Data

The historical data trend for Solid State's Change In Inventory 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 Change In Inventory Chart

Solid State Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Change In Inventory

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-1.20

1.85

-6.92

-12.46

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
Change In Inventory	Get a 7-Day Free Trial															-2.08	-4.84	-3.37	-9.09	5.60

Solid State Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Sep. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was £-3.5 Mil.

Solid State (LSE:SOLI) Change In Inventory Explanation

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Solid State's Days Inventory for the quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	30.466	/	60.83	*	365 / 2
	=	91.40

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

Solid State's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	60.83	/	30.466
	=	2.00

3. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Solid State's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	30.466	/	88.125
	=	0.35

Solid State Change In Inventory 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 » Change In Inventory

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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.