Solid State (LSE:SOLI) Total Assets : £105.1 Mil (As of Sep. 2023)

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What is Solid State Total Assets?

Solid State's Total Assets for the quarter that ended in Sep. 2023 was £105.1 Mil.

Warning Sign:

If a company builds assets at 28.5% a year, faster than its revenue growth rate of 16% over the past 5 years, it means that the company may be getting less efficient.

During the past 12 months, Solid State's average Total Assets Growth Rate was -10.40% per year. During the past 3 years, the average Total Assets Growth Rate was 42.40% per year. During the past 5 years, the average Total Assets Growth Rate was 28.50% per year. During the past 10 years, the average Total Assets Growth Rate was 17.30% per year.

During the past 13 years, Solid State's highest 3-Year average Total Assets Growth Rate was 42.40%. The lowest was -8.80%. And the median was 13.70%.

Total Assets is connected with ROA %. Solid State's annualized ROA % for the quarter that ended in Sep. 2023 was 8.23%. Total Assets is also linked to Revenue through Asset Turnover. Solid State's Asset Turnover for the quarter that ended in Sep. 2023 was 0.81.

Solid State Total Assets Historical Data

The historical data trend for Solid State's Total Assets 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 Total Assets Chart

Solid State Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Total Assets

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38.15

38.68

53.97

62.33

113.79

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
Total Assets	Get a 7-Day Free Trial															54.88	62.33	123.53	113.79	105.07

Solid State Total Assets Calculation

Total Assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.

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

Total Assets	=	Total Equity (A: Mar. 2023 )	+	Total Liabilities (A: Mar. 2023 )
	=	57.954	+	55.834
	=	113.8

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

Total Assets	=	Total Equity (Q: Sep. 2023 )	+	Total Liabilities (Q: Sep. 2023 )
	=	61.768	+	43.298
	=	105.1

Solid State (LSE:SOLI) Total Assets Explanation

Total Assets is connected with ROA %.

Solid State's annualized ROA % for the quarter that ended in Sep. 2023 is

ROA %	=	Net Income (Q: Sep. 2023 )	/	( (Total Assets (Q: Mar. 2023 )	+	Total Assets (Q: Sep. 2023 ))	/ count )
	=	9.004	/	( (113.788	+	105.066)	/ 2 )
	=	9.004	/	109.427
	=	8.23 %

Note: The Net Income data used here is two times the semi-annual (Sep. 2023) data.

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

Solid State's Asset Turnover for the quarter that ended in Sep. 2023 is

	Asset Turnover
=	Revenue (Q: Sep. 2023 )	/	( (Total Assets (Q: Mar. 2023 )	+	Total Assets (Q: Sep. 2023 ))	/ count )
=	88.125	/	( (113.788	+	105.066)	/ 2 )
=	88.125	/	109.427
=	0.81

Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.

Solid State Total Assets 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 » Total Assets

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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.