Solaris Oilfield Infrastructure (Solaris Oilfield Infrastructure) ROCE %

: 8.51% (As of Dec. 2023)

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ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Solaris Oilfield Infrastructure's annualized ROCE % for the quarter that ended in Dec. 2023 was 8.51%.

Solaris Oilfield Infrastructure ROCE % Historical Data

The historical data trend for Solaris Oilfield Infrastructure's ROCE % 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.

Array ( [0] => - [1] => - [2] => - [3] => - [4] => 23.77 [5] => -13.67 [6] => -0.10 [7] => 10.67 [8] => 11.91 )

Solaris Oilfield Infrastructure Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

23.77

-13.67

-0.10

10.67

11.91

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
ROCE %																10.01	14.44	14.83	9.19	8.51

Solaris Oilfield Infrastructure ROCE % Calculation

Solaris Oilfield Infrastructure's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	49.902	/	( ( (462.576 - 55.909)	+	(468.297 - 37.201) )	/ 2 )
	=	49.902	/	( (406.667	+	431.096)	/ 2 )
	=	49.902	/	418.8815
	=	11.91 %

Solaris Oilfield Infrastructure's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	36.964	/	( ( (480.508 - 42.905)	+	(468.297 - 37.201) )	/ 2 )
	=	36.964	/	( ( 437.603	+	431.096 )	/ 2 )
	=	36.964	/	434.3495
	=	8.51 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Solaris Oilfield Infrastructure (NYSE:SOI) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Solaris Oilfield Infrastructure ROCE % 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 » ROCE %

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