Solid State (LSE:SOLI) Change In Receivables : £3.6 Mil (TTM As of Sep. 2023)

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What is Solid State Change In Receivables?

Solid State's change in receivables for the quarter that ended in Sep. 2023 was £-0.9 Mil. It means Solid State's Accounts Receivable increased by £0.9 Mil from Mar. 2023 to Sep. 2023 .

Solid State's change in receivables for the fiscal year that ended in Mar. 2023 was £1.8 Mil. It means Solid State's Accounts Receivable declined by £1.8 Mil from Mar. 2022 to Mar. 2023 .

Solid State's Accounts Receivable for the quarter that ended in Sep. 2023 was £20.7 Mil.

Days Sales Outstanding measures of 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. Solid State's Days Sales Outstanding for the six months ended in Sep. 2023 was 42.78.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Solid State's liquidation value for the six months ended in Sep. 2023 was £-5.1 Mil.

Solid State Change In Receivables Historical Data

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

Solid State Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Change In Receivables

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-1.07

-0.44

1.93

-3.68

1.77

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 Receivables	Get a 7-Day Free Trial															-0.73	-2.95	-2.74	4.50	-0.89

Solid State Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables 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 £3.6 Mil.

Solid State (LSE:SOLI) Change In Receivables Explanation

1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of 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.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	20.656	/	88.125	*	91
=	42.78

2. In Ben Graham's calculation of liquidation value, Solid State's accounts receivable are only considered to be worth 75% of book value:

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

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	8.812	-	43.298	+	0.75 * 20.656	+	0.5 * 27.704
=	-5.1

Solid State Change In Receivables Related Terms

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Solid State (LSE:SOLI) Business Description

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GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Solid State PLC (LSE:SOLI) » Definitions » Change In Receivables

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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.