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Solaris Oilfield Infrastructure (Solaris Oilfield Infrastructure) Total Inventories : $6.9 Mil (As of Mar. 2024)


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What is Solaris Oilfield Infrastructure Total Inventories?

Solaris Oilfield Infrastructure's total inventories for the quarter that ended in Mar. 2024 was $6.9 Mil. Solaris Oilfield Infrastructure's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Mar. 2024 was $6.8 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Solaris Oilfield Infrastructure's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-7.60.

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 12.45.

Inventory Turnover measures how fast the company turns over its inventory within a year. Solaris Oilfield Infrastructure's Inventory Turnover for the quarter that ended in Mar. 2024 was 7.33.

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 Total Inventories Historical Data

The historical data trend for Solaris Oilfield Infrastructure's Total Inventories 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 Total Inventories Chart

Solaris Oilfield Infrastructure Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Total Inventories
Get a 7-Day Free Trial Premium Member Only 7.14 0.95 1.65 5.29 6.67

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
Total Inventories Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7.62 8.52 7.45 6.67 6.92

Solaris Oilfield Infrastructure Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.


Solaris Oilfield Infrastructure  (NYSE:SOI) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

Solaris Oilfield Infrastructure's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 is

Net-Net Working Capital Per Share (Q: Mar. 2024 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(3.424+0.75 * 46.411+0.5 * 6.924-147.222
-0-109.717)/28.33
=-7.60

2. 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
=6.798/49.821*365 / 4
=12.45

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

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

Inventory Turnover=Cost of Goods Sold (Q: Mar. 2024 ) / Average Total Inventories (Q: Mar. 2024 )
=49.821 / 6.798
=7.33

4. 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 )
=6.798 / 67.89
=0.10

* 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.


Be Aware

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.


Solaris Oilfield Infrastructure Total Inventories Related Terms

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Solaris Oilfield Infrastructure (Solaris Oilfield Infrastructure) Business Description

Traded in Other Exchanges
Address
9811 Katy Freeway, Suite 700, Houston, TX, USA, 77024
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