Sixty Six Oilfield Services Inc
Sixty Six Oilfield Services, Inc. sells and rents heavy oil field equipment to the oil and gas industry in the United States and internationally. It sells new and used heavy-weight drill pipes, drill collars, pup joints, pony collars, handling tools, tubing, casing, blow-out preventers, engines, compressors, custom drilling rigs, and related equipment; and rents heavy drill pipes on short and lon… Read more
Sixty Six Oilfield Services Inc (SSOF) - Net Assets
Latest net assets as of June 2022: $-1.21K USD
Based on the latest financial reports, Sixty Six Oilfield Services Inc (SSOF) has net assets worth $-1.21K USD as of June 2022.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($100.00) and total liabilities ($1.31K). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $-1.21K |
| % of Total Assets | -1210.03% |
| Annual Growth Rate | N/A |
| 5-Year Change | -99.81% |
| 10-Year Change | N/A |
| Growth Volatility | 358.61 |
Sixty Six Oilfield Services Inc - Net Assets Trend (2009–2021)
This chart illustrates how Sixty Six Oilfield Services Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Sixty Six Oilfield Services Inc (2009–2021)
The table below shows the annual net assets of Sixty Six Oilfield Services Inc from 2009 to 2021.
| Year | Net Assets | Change |
|---|---|---|
| 2021-12-31 | $11.59K | -99.83% |
| 2018-12-31 | $6.83 Million | +1.64% |
| 2017-12-31 | $6.72 Million | +3.26% |
| 2017-09-30 | $6.51 Million | +7.96% |
| 2017-06-30 | $6.03 Million | +0.57% |
| 2016-12-31 | $6.00 Million | +1202.09% |
| 2015-12-31 | $-544.06K | -974.20% |
| 2014-12-31 | $62.23K | +107.16% |
| 2011-12-31 | $-869.33K | +10.39% |
| 2010-12-31 | $-970.08K | +25.91% |
| 2009-12-31 | $-1.31 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Sixty Six Oilfield Services Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 1111000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2021)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $1.20 | 0.01% |
| Other Comprehensive Income | $-0.34 | 0.00% |
| Other Components | $22.70K | 195.88% |
| Total Equity | $11.59K | 100.00% |
Sixty Six Oilfield Services Inc Competitors by Market Cap
The table below lists competitors of Sixty Six Oilfield Services Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Upper Street Marketing Inc
PINK:UPPR
|
$0.98 |
|
American Spectrum Realty Inc
PINK:AQQSQ
|
$0.98 |
|
Asia Carbon Industries Inc
PINK:ACRB
|
$0.98 |
|
DRRLF
PINK:DRRLF
|
$0.98 |
|
WayPoint Biomedical Holdings Inc
PINK:WYPH
|
$0.98 |
|
XIWANG SPECIAL STEE (2XI.SG)
STU:2XI
|
$0.98 |
|
Hypertension Diagnostics Inc
PINK:HDII
|
$0.98 |
|
Alabama Aircraft Industries Inc
PINK:AAIIQ
|
$0.97 |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Sixty Six Oilfield Services Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2018 to 2021, total equity changed from 6,832,000 to 11,586, a change of -6,820,414 (-99.8%).
- Net loss of 778 reduced equity.
- Other comprehensive income increased equity by 699,000.
- Other factors decreased equity by 7,518,636.
Equity Change Factors (2018 to 2021)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-778.00 | -6.72% |
| Other Comprehensive Income | $699.00K | +6033.14% |
| Other Changes | $-7.52 Million | -64894.15% |
| Total Change | $- | -99.83% |
Book Value vs Market Value Analysis
This analysis compares Sixty Six Oilfield Services Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.00x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2009-12-31 | $-31.87 | $0.00 | x |
| 2010-12-31 | $-22.25 | $0.00 | x |
| 2011-12-31 | $-17.90 | $0.00 | x |
| 2015-12-31 | $-2.28 | $0.00 | x |
| 2016-12-31 | $12.11 | $0.00 | x |
| 2017-12-31 | $14.06 | $0.00 | x |
| 2018-12-31 | $9.72 | $0.00 | x |
| 2021-12-31 | $0.10 | $0.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Sixty Six Oilfield Services Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -6.72%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -60.17%
- • Asset Turnover: 0.10x
- • Equity Multiplier: 1.11x
- Recent ROE (-6.72%) is below the historical average (-1.72%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2009 | 0.00% | -168.18% | 0.43x | 0.00x | $-182.99K |
| 2010 | 0.00% | -308.08% | 0.26x | 0.00x | $-397.49K |
| 2011 | 0.00% | 0.00% | 0.00x | 0.00x | $-276.54K |
| 2014 | -51.24% | 0.00% | 0.00x | 1.71x | $-38.11K |
| 2015 | 0.00% | -2.87% | 2.79x | 0.00x | $51.01K |
| 2016 | 11.59% | 17.73% | 0.59x | 1.11x | $95.40K |
| 2017 | 5.39% | 18.14% | 0.26x | 1.14x | $-278.00K |
| 2017 | 0.00% | 0.00% | 0.00x | 1.07x | $-651.00K |
| 2017 | 16.51% | 18.63% | 0.80x | 1.10x | $437.80K |
| 2018 | 5.50% | 4.21% | 0.84x | 1.56x | $-307.20K |
| 2021 | -6.72% | -60.17% | 0.10x | 1.11x | $-1.94K |
Industry Comparison
This section compares Sixty Six Oilfield Services Inc's net assets metrics with peer companies in the Oil & Gas Equipment & Services industry.
Industry Context
- Industry: Oil & Gas Equipment & Services
- Average net assets among peers: $5,464,315,253
- Average return on equity (ROE) among peers: -34.58%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Sixty Six Oilfield Services Inc (SSOF) | $-1.21K | 0.00% | N/A | $0.98 |
| ProFrac Holding Corp. (ACDC) | $1.33 Billion | -7.35% | 1.31x | $222.04 Million |
| Atlas Energy Solutions Inc. (AESI) | $867.82 Million | 18.44% | 0.45x | $1.34 Billion |
| Akastor ASA (AKKVF) | $13.55 Billion | 9.27% | 2.55x | $54.21 Million |
| Andatee China Marine Fuel Services (AMCF) | $18.84 Million | 34.05% | 1.21x | $0.98 |
| Archrock Inc (AROC) | $2.23 Billion | -42.52% | 1.73x | $6.15 Billion |
| Anton Oilfield Services Group (ATONY) | $2.15 Billion | -9.22% | 2.02x | $381.63 Million |
| Auri Inc (AURI) | $-2.74 Million | 0.00% | 0.00x | $1.91 |
| Baker Hughes Co (BKR) | $34.50 Billion | 0.37% | 0.55x | $56.21 Billion |
| Kbridge Energy Corp (BMMCF) | $-341.75K | 0.00% | 0.00x | $880.54 |
| Bri-Chem Corp (BRYFF) | $131.44K | -348.83% | 2.61x | $4.32 Million |