Solaris Oilfield Infrastructure (Solaris Oilfield Infrastructure) Days Sales Outstanding

: 67.13 (As of Dec. 2023)

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Solaris Oilfield Infrastructure's average Accounts Receivable for the three months ended in Dec. 2023 was $46.6 Mil. Solaris Oilfield Infrastructure's Revenue for the three months ended in Dec. 2023 was $63.3 Mil. Hence, Solaris Oilfield Infrastructure's Days Sales Outstanding for the three months ended in Dec. 2023 was 67.13.

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

SOI' s Days Sales Outstanding Range Over the Past 10 Years
Min: 40.5 Med: 54.75 Max: 100.66
Current: 70.27

During the past 9 years, Solaris Oilfield Infrastructure's highest Days Sales Outstanding was 100.66. The lowest was 40.50. And the median was 54.75.

SOI's Days Sales Outstanding is ranked worse than
70.39% of 932 companies
in the Oil & Gas industry
Industry Median: 48.81 vs SOI: 70.27

Solaris Oilfield Infrastructure's Days Sales Outstanding declined from Dec. 2022 (72.21) to Dec. 2023 (67.13).

Solaris Oilfield Infrastructure Days Sales Outstanding Historical Data

The historical data trend for Solaris Oilfield Infrastructure's Days Sales Outstanding 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.

* Premium members only.

Solaris Oilfield Infrastructure Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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59.13

100.66

54.75

53.64

68.19

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 Sales Outstanding	Get a 7-Day Free Trial															72.21	73.17	73.42	68.36	67.13

Competitive Comparison

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

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

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

Solaris Oilfield Infrastructure Days Sales Outstanding Calculation

Days Sales Outstanding measures 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.

Accounts Receivable can be measured by Days Sales Outstanding.

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

	Days Sales Outstanding (A: Dec. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (64.543	+	44.916)	/	2 )	/	292.947	*	365
=	54.7295					/	292.947	*	365
=	68.19

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

	Days Sales Outstanding (Q: Dec. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Sep. 2023 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (48.295	+	44.916)	/	2 )	/	63.347	*	365 / 4
=	46.6055					/	63.347	*	365 / 4
=	67.13

Solaris Oilfield Infrastructure (NYSE:SOI) Days Sales Outstanding Explanation

For retailers, when we compare Days Sales Outstanding, it is important to compare the same period in the previous years.

Solaris Oilfield Infrastructure Days Sales Outstanding Related Terms

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Solaris Oilfield Infrastructure (Solaris Oilfield Infrastructure) Business Description

Industry

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

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