Solaris Oilfield Infrastructure (Solaris Oilfield Infrastructure) Days Inventory : 13.89 (As of Dec. 2023)

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What is Solaris Oilfield Infrastructure Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). Solaris Oilfield Infrastructure's Average Total Inventories for the three months ended in Dec. 2023 was $7.1 Mil. Solaris Oilfield Infrastructure's Cost of Goods Sold for the three months ended in Dec. 2023 was $46.4 Mil. Hence, Solaris Oilfield Infrastructure's Days Inventory for the three months ended in Dec. 2023 was 13.89.

The historical rank and industry rank for Solaris Oilfield Infrastructure's Days Inventory or its related term are showing as below:

SOI' s Days Inventory Range Over the Past 10 Years
Min: 3.34 Med: 28.05 Max: 69.03
Current: 12.12

During the past 9 years, Solaris Oilfield Infrastructure's highest Days Inventory was 69.03. The lowest was 3.34. And the median was 28.05.

SOI's Days Inventory is ranked better than
75.89% of 730 companies
in the Oil & Gas industry
Industry Median: 31.555 vs SOI: 12.12

Solaris Oilfield Infrastructure's Days Inventory increased from Dec. 2022 (7.61) to Dec. 2023 (13.89). It might indicate that Solaris Oilfield Infrastructure's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Solaris Oilfield Infrastructure's Inventory Turnover for the three months ended in Dec. 2023 was 6.57.

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. Solaris Oilfield Infrastructure's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.11.

Solaris Oilfield Infrastructure Days Inventory Historical Data

The historical data trend for Solaris Oilfield Infrastructure's Days 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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Solaris Oilfield Infrastructure Days Inventory Chart

Solaris Oilfield Infrastructure Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

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28.05

15.93

3.34

5.06

10.20

Solaris Oilfield Infrastructure Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory	Get a 7-Day Free Trial															7.61	9.56	13.46	14.21	13.89

Competitive Comparison of Solaris Oilfield Infrastructure's Days Inventory

For the Oil & Gas Equipment & Services subindustry, Solaris Oilfield Infrastructure's Days Inventory, along with its competitors' market caps and Days Inventory 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.

Solaris Oilfield Infrastructure's Days Inventory Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Solaris Oilfield Infrastructure's Days Inventory distribution charts can be found below:

* The bar in red indicates where Solaris Oilfield Infrastructure's Days Inventory falls into.

Solaris Oilfield Infrastructure Days Inventory Calculation

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

Solaris Oilfield Infrastructure's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (5.289	+	6.672)	/	2 )	/	214.032	*	365
=	5.9805					/	214.032	*	365
=	10.20

Solaris Oilfield Infrastructure's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (7.447	+	6.672)	/	2 )	/	46.388	*	365 / 4
=	7.0595					/	46.388	*	365 / 4
=	13.89

Solaris Oilfield Infrastructure (NYSE:SOI) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

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

Solaris Oilfield Infrastructure's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	46.388	/	7.0595
	=	6.57

2. 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.

Solaris Oilfield Infrastructure's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	7.0595	/	63.347
	=	0.11

Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

Solaris Oilfield Infrastructure Days Inventory Related Terms

Thank you for viewing the detailed overview of Solaris Oilfield Infrastructure's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Solaris Oilfield Infrastructure (Solaris Oilfield Infrastructure) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Solaris Oilfield Infrastructure Inc (NYSE:SOI) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

68S:Germany

Address

9811 Katy Freeway, Suite 700, Houston, TX, USA, 77024

Website

https://www.solarisoilfield.com

Solaris Oilfield Infrastructure Inc provides oilfield products, services and infrastructure to enhance drilling, completions, efficiency and safety in North American shale plays. The company manufactures and provides its patented mobile proppant management systems that unload, store and deliver proppant at oil and natural gas well sites. Its systems reduce the customers' cost and time to complete wells by improving the efficiency of proppant logistics, in addition to enhancing well site safety. Its customers include oil and natural gas exploration and production companies as well as oilfield service companies. The company generates revenue primarily through the rental of its systems and related services, including transportation of systems and field supervision and support.

Executives

Thrc Holdings, Lp	10 percent owner	17018 INTERSTATE 20, CISCO TX 76437
James R Burke	director
Cynthia M. Durrett	officer: Chief Administrative Officer	9811 KATY FREEWAY, SUITE 900, HOUSTON TX 77024
Christopher P. Wirtz	officer: CHIEF ACCOUNTING OFFICER	9811 KATY FREEWAY, SUITE 700, HOUSTON TX 77024
William A Zartler	director	600 TRAVIS STREET, SUITE 2310, HOUSTON TX 77002
Lindsay R. Bourg	officer: Chief Accounting Officer	1415 LOUISIANA STREET, SUITE 1600, HOUSTON TX 77002
Kelly L. Price	officer: Chief Operating Officer	9811 KATY FREEWAY, SUITE 900, HOUSTON TX 77024
Kyle S. Ramachandran	officer: Chief Financial Officer	9811 KATY FREEWAY, SUITE 900, HOUSTON TX 77024
Christopher M Powell	officer: General Counsel	9811 KATY FREEWAY, STE. 700, HOUSTON TX 77024
Laurie H Argo	director	1100 LOUISIANA STREET, SUITE 1000, HOUSTON TX 77002
Thrc Management, Llc	10 percent owner	17018 INTERSTATE 20, CISCO TX 76437
Dan H. Wilks	10 percent owner	17018 INTERSTATE 20, CISCO TX 76437
Staci Wilks	10 percent owner	17018 INTERSTATE 20, CISCO TX 76437
Keenan W Howard Jr	director	410 PARK AVENUE, 20TH FLOOR, NEW YORK NY 10022
Solaris Energy Capital, Llc	10 percent owner	9811 KATY FREEWAY, SUITE 900, HOUSTON TX 77024