RING ENERGY, INC. Annual Depreciation in USD from 2012 to 2023

Taxonomy & unit
us-gaap: USD
Description
The amount of expense recognized in the current period that reflects the allocation of the cost of tangible assets over the assets' useful lives. Includes production and non-production related depreciation.
Summary
Ring Energy, Inc. quarterly/annual Depreciation history and growth rate from 2012 to 2023.
  • Ring Energy, Inc. Depreciation for the quarter ending June 30, 2024 was $103K, a 12.2% increase year-over-year.
  • Ring Energy, Inc. Depreciation for the twelve months ending June 30, 2024 was $372K, a 5.17% increase year-over-year.
  • Ring Energy, Inc. annual Depreciation for 2023 was $364K, a 77.1% increase from 2022.
  • Ring Energy, Inc. annual Depreciation for 2022 was $206K, a 64.5% increase from 2021.
  • Ring Energy, Inc. annual Depreciation for 2021 was $125K, a 66.8% decline from 2020.
Depreciation, Trailing 12 Months (USD)
Depreciation, Annual (USD)
Depreciation, YoY Annual Growth (%)
Period Value YoY Chg Change % Start Date End Date Report Filed
2023 $364K +$158K +77.1% Jan 1, 2023 Dec 31, 2023 10-K 2024-03-07
2022 $206K +$80.6K +64.5% Jan 1, 2022 Dec 31, 2022 10-K 2024-03-07
2021 $125K -$251K -66.8% Jan 1, 2021 Dec 31, 2021 10-K 2024-03-07
2020 $376K +$42.3K +12.7% Jan 1, 2020 Dec 31, 2020 10-K 2023-03-09
2019 $334K +$120K +56.1% Jan 1, 2019 Dec 31, 2019 10-K 2022-03-16
2018 $214K $0 0% Jan 1, 2018 Dec 31, 2018 10-K 2020-03-16
2017 $214K -$89.4K -29.5% Jan 1, 2017 Dec 31, 2017 10-K/A 2021-03-17
2016 $303K +$17.2K +5.99% Jan 1, 2016 Dec 31, 2016 10-K 2019-02-28
2015 $286K +$159K +125% Jan 1, 2015 Dec 31, 2015 10-K 2018-03-15
2014 $127K +$66.6K +110% Jan 1, 2014 Dec 31, 2014 10-K 2017-03-15
2013 $60.6K +$27.9K +85.2% Jan 1, 2013 Dec 31, 2013 10-K 2016-03-15
2012 $32.7K Jan 1, 2012 Dec 31, 2012 10-K 2015-03-16
* An asterisk sign (*) next to the value indicates that the value is likely invalid.