RING ENERGY, INC. Annual Return On Assets in % from 2012 to 2023

Taxonomy & unit
ratio: %
Description
Return on assets can be defined as an indicator of how profitable a company is relative to its total assets. Calculated by dividing a company's operating earnings by its total assets.
Summary
Ring Energy, Inc. quarterly/annual Return On Assets history and growth rate from 2012 to 2023.
  • Ring Energy, Inc. Return On Assets for the quarter ending September 30, 2024 was 8.12 %, a 54.1% increase year-over-year.
  • Ring Energy, Inc. annual Return On Assets for 2023 was 7.91 %, a 43.4% decline from 2022.
  • Ring Energy, Inc. annual Return On Assets for 2022 was 14 %, a 2747% increase from 2021.
  • Ring Energy, Inc. annual Return On Assets for 2021 was 0.49 %.
Return On Assets, Annual (%)
Return On Assets, YoY Annual Growth (%)
Period Value YoY Chg Change % Start Date End Date
2023 7.91 -6.06 -43.4% Jan 1, 2023 Dec 31, 2023
2022 14 +13.5 +2747% Jan 1, 2022 Dec 31, 2022
2021 0.49 +30.7 Jan 1, 2021 Dec 31, 2021
2020 -30.2 -33.3 -1073% Jan 1, 2020 Dec 31, 2020
2019 3.1 +1.38 +80.1% Jan 1, 2019 Dec 31, 2019
2018 1.72 +1.24 +257% Jan 1, 2018 Dec 31, 2018
2017 0.48 +15.5 Jan 1, 2017 Dec 31, 2017
2016 -15 -11.1 -283% Jan 1, 2016 Dec 31, 2016
2015 -3.93 -9.63 -169% Jan 1, 2015 Dec 31, 2015
2014 5.7 +6.45 Jan 1, 2014 Dec 31, 2014
2013 -0.75 +8.22 +91.6% Jan 1, 2013 Dec 31, 2013
2012 -8.97 Jan 1, 2012 Dec 31, 2012
* An asterisk sign (*) next to the value indicates that the value is likely invalid.