Solaris Oilfield Infrastructure (STU:68S) Inventory Turnover : 7.34 (As of Mar. 2024)

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What is Solaris Oilfield Infrastructure Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Solaris Oilfield Infrastructure's Cost of Goods Sold for the three months ended in Mar. 2024 was €45.8 Mil. Solaris Oilfield Infrastructure's Average Total Inventories for the quarter that ended in Mar. 2024 was €6.2 Mil. Solaris Oilfield Infrastructure's Inventory Turnover for the quarter that ended in Mar. 2024 was 7.34.

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 three months ended in Mar. 2024 was 12.43.

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 quarter that ended in Mar. 2024 was 0.10.

Solaris Oilfield Infrastructure Inventory Turnover Historical Data

The historical data trend for Solaris Oilfield Infrastructure's Inventory 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.

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Solaris Oilfield Infrastructure Inventory Turnover Chart

Solaris Oilfield Infrastructure Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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13.19

21.14

112.33

73.16

35.33

Solaris Oilfield Infrastructure Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Inventory Turnover	Get a 7-Day Free Trial															9.51	6.74	6.47	6.50	7.34

Solaris Oilfield Infrastructure Inventory Turnover Calculation

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

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	196.267	/ (	(4.993	+	6.118)	/	2 )
=	196.267	/	5.5555
=	35.33

Solaris Oilfield Infrastructure's Inventory Turnover for the quarter that ended in Mar. 2024 is calculated as

	Inventory Turnover (Q: Mar. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Mar. 2024 )	/ (	(Total Inventories (Q: Dec. 2023 )	+	Total Inventories (Q: Mar. 2024 ))	/	count )
=	45.836	/ (	(6.118	+	6.37)	/	2 )
=	45.836	/	6.244
=	7.34

Solaris Oilfield Infrastructure (STU:68S) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

1. 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 three months ended in Mar. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Mar. 2024 )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
	=	6.244	/	45.836	*	365 / 4
	=	12.43

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 quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	6.244	/	62.459
	=	0.10

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Solaris Oilfield Infrastructure Inventory Turnover Related Terms

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Solaris Oilfield Infrastructure (STU:68S) Business Description

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SOI:USA

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.

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