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) - Total Assets
Latest total assets as of June 2022: $100.00 USD
Based on the latest financial reports, Sixty Six Oilfield Services Inc (SSOF) holds total assets worth $100.00 USD as of June 2022.
Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments.
Sixty Six Oilfield Services Inc - Total Assets Trend (2009–2021)
This chart illustrates how Sixty Six Oilfield Services Inc’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Sixty Six Oilfield Services Inc - Asset Composition Analysis
Current Asset Composition (December 2021)
Sixty Six Oilfield Services Inc's total assets of $100.00 consist of 1.0% current assets and 99.0% non-current assets.
| Asset Category | Amount (USD) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | $0.00 | 0.5% |
| Accounts Receivable | $53.10 | 0.4% |
| Inventory | $16.33 | 0.1% |
| Property, Plant & Equipment | $0.00 | 0.0% |
| Intangible Assets | $509.00 | 4.0% |
| Goodwill | $0.00 | 0.0% |
Asset Composition Trend (2009–2021)
This chart illustrates how Sixty Six Oilfield Services Inc's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Sixty Six Oilfield Services Inc's current assets represent 1.0% of total assets in 2021, an increase from 0.0% in 2009.
- Cash Position: Cash and equivalents constituted 0.5% of total assets in 2021, up from 0.0% in 2009.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 3.0% of total assets, an increase from 0.0% in 2009.
- Asset Diversification: The largest asset category is intangible assets at 4.0% of total assets.
Sixty Six Oilfield Services Inc Competitors by Total Assets
Key competitors of Sixty Six Oilfield Services Inc based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Xinjiang Zhundong Petroleum
SHE:002207
|
China | CN¥399.19 Million |
|
Yantai Jereh Oilfield Services Group Co Ltd
SHE:002353
|
China | CN¥38.08 Billion |
|
China Oil HBP Science & Technology Co Ltd
SHE:002554
|
China | CN¥5.76 Billion |
|
Zhejiang Renzhi Co Ltd
SHE:002629
|
China | CN¥269.97 Million |
|
Reservoir Link Energy Bhd
KLSE:0219
|
Malaysia | RM215.28 Million |
|
Ocean Vantage Holdings Bhd
KLSE:0220
|
Malaysia | RM108.28 Million |
|
Aker Solutions OL
F:1AKA
|
Germany | €38.35 Billion |
|
Prime Oil Chemical Service Corp
TW:2904
|
Taiwan | NT$1.82 Billion |
Sixty Six Oilfield Services Inc - Asset Efficiency Metrics
Asset efficiency metrics measure how effectively a company uses its assets to generate revenue and profits. These indicators help investors evaluate management's ability to deploy capital efficiently.
Asset Turnover Ratio
Measures how efficiently a company uses its assets to generate sales
Lower asset utilization - Sixty Six Oilfield Services Inc generates 0.10x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - Sixty Six Oilfield Services Inc is currently not profitable relative to its asset base.
Sixty Six Oilfield Services Inc - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 1.15 | 1.09 | 0.00 |
| Quick Ratio | 0.90 | 0.94 | 0.00 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | $114.00K | $ 44.00K | $ -816.80K |
Sixty Six Oilfield Services Inc - Advanced Valuation Insights
This section examines the relationship between Sixty Six Oilfield Services Inc's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | - |
| Latest Market Cap to Assets Ratio | 0.00 |
| Asset Growth Rate (YoY) | -99.9% |
| Total Assets | $12.87K |
| Market Capitalization | $0.98 USD |
Valuation Analysis
Below Book Valuation: The market values Sixty Six Oilfield Services Inc's assets below their book value (0.00 x), which may indicate investor concerns about asset quality or future growth.
Significant Asset Reduction: Sixty Six Oilfield Services Inc's assets decreased by 99.9% over the past year, potentially indicating divestiture, restructuring, or challenging business conditions.
Annual Total Assets for Sixty Six Oilfield Services Inc (2009–2021)
The table below shows the annual total assets of Sixty Six Oilfield Services Inc from 2009 to 2021.
| Year | Total Assets | Change |
|---|---|---|
| 2021-12-31 | $12.87K | -99.88% |
| 2018-12-31 | $10.68 Million | +44.26% |
| 2017-12-31 | $7.40 Million | +5.93% |
| 2017-09-30 | $6.99 Million | +1.58% |
| 2017-06-30 | $6.88 Million | +3.60% |
| 2016-12-31 | $6.64 Million | +15595.04% |
| 2015-12-31 | $42.30K | -60.20% |
| 2014-12-31 | $106.28K | -84.49% |
| 2011-12-31 | $685.35K | +10.99% |
| 2010-12-31 | $617.48K | +43.61% |
| 2009-12-31 | $429.97K | -- |