Northern Oil & Gas Inc (NOG)
Operating return on assets (Operating ROA)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 981,909 | 850,393 | 458,891 | 471,218 | 638,936 | 805,353 | 1,043,985 | 1,079,298 | 1,019,013 | 1,041,764 | 787,658 | 442,634 | 77,959 | -241,084 | -486,701 | -1,296,489 | -1,217,824 | -1,151,594 | -882,382 | 94,565 |
| Total assets | US$ in thousands | 5,603,820 | 5,055,330 | 4,724,660 | 4,633,800 | 4,484,260 | 4,304,670 | 3,664,750 | 3,342,870 | 2,875,180 | 2,471,480 | 2,192,240 | 2,024,470 | 1,522,870 | 1,244,060 | 1,091,810 | 873,243 | 872,089 | 1,025,520 | 1,263,270 | 2,237,390 |
| Operating ROA | 17.52% | 16.82% | 9.71% | 10.17% | 14.25% | 18.71% | 28.49% | 32.29% | 35.44% | 42.15% | 35.93% | 21.86% | 5.12% | -19.38% | -44.58% | -148.47% | -139.64% | -112.29% | -69.85% | 4.23% |
December 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $981,909K ÷ $5,603,820K
= 17.52%
Northern Oil & Gas Inc's Operating Return on Assets (Operating ROA) has demonstrated significant fluctuations over the period from March 31, 2020, to December 31, 2024. The company experienced negative Operating ROA figures in the earlier part of the period, indicating potential operational inefficiencies and/or financial challenges. However, starting from March 31, 2022, there was a notable upward trend in the Operating ROA performance.
The improvement in Operating ROA from March 2022 onwards suggests that Northern Oil & Gas Inc has been able to enhance its operational efficiency and generate better returns from its assets. The increasing positive percentages until December 31, 2024, reflect a strengthening financial position and possibly more effective utilization of resources by the company.
Overall, the positive trend in Operating ROA from 2022 indicates a positive trajectory for Northern Oil & Gas Inc's operational performance and financial health. It suggests that the company has been able to boost its profitability in relation to its asset base, which is a positive sign for investors and stakeholders.
Peer comparison
Dec 31, 2024