Solaris Oilfield Infrastructure (Solaris Oilfield Infrastructure) Sloan Ratio % : -0.77% (As of Dec. 2023)

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What is Solaris Oilfield Infrastructure Sloan Ratio %?

Richard Sloan from the University of Michigan was first to document what is referred to as the "accrual anomaly". His 1996 paper found that shares of companies with small or negative accruals vastly outperform (+10%) those of companies with large ones.

Solaris Oilfield Infrastructure's Sloan Ratio for the quarter that ended in Dec. 2023 was -0.77%.

As of Dec. 2023, Solaris Oilfield Infrastructure has a Sloan Ratio of -0.77%, indicating the company is in the safe zone and there is no funny business with accruals.

Solaris Oilfield Infrastructure Sloan Ratio % Historical Data

The historical data trend for Solaris Oilfield Infrastructure's Sloan Ratio % 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 Sloan Ratio % Chart

Solaris Oilfield Infrastructure Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Sloan Ratio %

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-5.71

-16.85

0.54

7.07

-0.77

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
Sloan Ratio %	Get a 7-Day Free Trial															7.07	7.08	5.01	2.28	-0.77

Competitive Comparison of Solaris Oilfield Infrastructure's Sloan Ratio %

For the Oil & Gas Equipment & Services subindustry, Solaris Oilfield Infrastructure's Sloan Ratio %, along with its competitors' market caps and Sloan Ratio % 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 Sloan Ratio % Distribution in the Oil & Gas Industry

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

* The bar in red indicates where Solaris Oilfield Infrastructure's Sloan Ratio % falls into.

Solaris Oilfield Infrastructure Sloan Ratio % Calculation

Earnings contain a lot of non cash earnings which is called accruals. The Sloan ratio is a way to identify firms with low non-cash or accrual-derived earnings relative to their cash flow.

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

Sloan Ratio	=	(Net Income (A: Dec. 2023 )	-	Cash Flow from Operations (A: Dec. 2023 )
	-	Cash Flow from Investing (A: Dec. 2023 ))	/	Total Assets (A: Dec. 2023 )
	=	(24.336	-	89.924
	-	-62.003)	/	468.297
	=	-0.77%

Solaris Oilfield Infrastructure's Sloan Ratio for the quarter that ended in Dec. 2023 is calculated as

Sloan Ratio	=	(Net Income (TTM)	-	Cash Flow from Operations (TTM))
	-	Cash Flow from Investing (TTM))	/	Total Assets (Q: Dec. 2023 )
	=	(24.336	-	89.924
	-	-62.003)	/	468.297
	=	-0.77%

Solaris Oilfield Infrastructure's Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was 7.569 (Mar. 2023 ) + 7.532 (Jun. 2023 ) + 4.934 (Sep. 2023 ) + 4.301 (Dec. 2023 ) = $24.3 Mil.
Solaris Oilfield Infrastructure's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2023 was 16.849 (Mar. 2023 ) + 28.611 (Jun. 2023 ) + 20.881 (Sep. 2023 ) + 23.583 (Dec. 2023 ) = $89.9 Mil.
Solaris Oilfield Infrastructure's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2023 was -18.826 (Mar. 2023 ) + -21.07 (Jun. 2023 ) + -14.934 (Sep. 2023 ) + -7.173 (Dec. 2023 ) = $-62.0 Mil.

Solaris Oilfield Infrastructure (NYSE:SOI) Sloan Ratio % Explanation

A former University of Michigan researcher, Richard Sloan's 1996 paper found that shares of companies with small or negative accruals vastly outperform (+10%) those of companies with large ones. In fact, for the 40-year period between 1962 and 2001, buying the lowest accrual companies and shorting the highest accrual companies resulted in an average annual compounded return of 18%, more than double the S&P 500's 7.4% annual return over the same period.

According to How to Beat the Market with the Sloan Ratio:

If the Sloan Ratio is between -10% and 10%, the company is in the safe zone and there is no funny business with accruals.

If the Sloan Ratio is less than between -25% and -10% on the negative side, and between 10% and 25% on the positive side, this is a warning stage of accrual build up.

If the Sloan Ratio is less than -25% or greater than 25%, and this ratio is consistent over several quarters or even years, be careful. Earnings are highly likely to be made up of accruals.

As of Dec. 2023, Solaris Oilfield Infrastructure has a Sloan Ratio of -0.77%, indicating the company is in the safe zone and there is no funny business with accruals.

Solaris Oilfield Infrastructure Sloan Ratio % 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 » Sloan Ratio %

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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