Northern Oil & Gas Inc (NOG)
Profitability ratios
Return on sales
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | 59.45% | 64.40% | 72.76% | 73.42% | 49.15% | 54.67% | 34.70% | 7.91% | 31.26% | -92.72% | -330.72% | -928.90% | -129.82% | -79.42% | -15.89% | 88.02% | 59.77% | 73.29% | 71.47% | 69.16% |
| Operating profit margin | 51.79% | 46.20% | 61.58% | 64.18% | 41.42% | 43.61% | 22.12% | -5.02% | 15.69% | -105.84% | -338.93% | -929.64% | -134.63% | -122.28% | -53.06% | 54.93% | 9.07% | 46.21% | 43.44% | 40.33% |
| Pretax margin | 46.20% | 40.05% | 57.53% | 60.53% | 37.69% | 40.14% | 17.35% | -11.68% | 1.33% | -136.31% | -387.22% | -978.54% | -145.03% | -137.59% | -66.39% | 40.46% | -12.47% | 24.42% | 19.56% | 4.34% |
| Net profit margin | 42.61% | 38.96% | 55.68% | 60.39% | 37.54% | 39.97% | 17.20% | -11.79% | 1.28% | -136.31% | -387.22% | -978.54% | -145.00% | -137.56% | -66.37% | 40.47% | -12.47% | 24.42% | 19.57% | 4.35% |
Based on the profitability ratios of Northern Oil and Gas Inc., the company has consistently maintained a strong gross profit margin of 100% across all quarters. This indicates that the company is effectively managing its production costs and generating significant profits from its primary operations.
In terms of operating profit margin, Northern Oil and Gas Inc. has demonstrated some fluctuations, ranging from 34.71% to 64.18%. This ratio reflects the company's ability to control its operating expenses while generating profits from its core business activities.
The pretax margin of the company has also shown variability, with figures ranging from 27.24% to 60.53%. This metric indicates the efficiency of the company in managing its operating expenses, interest payments, and other costs before accounting for taxes.
Northern Oil and Gas Inc. has maintained positive net profit margins, with percentages ranging from 22.54% to 59.13%. This ratio reflects the company's ability to generate profits after accounting for all expenses, including taxes. Despite some fluctuations, the company has shown the ability to remain profitable over the quarters analyzed.
Overall, Northern Oil and Gas Inc. has shown strong profitability through its consistent gross profit margins and positive net profit margins, signaling effective cost management and revenue generation. The fluctuations observed in operating and pretax margins may indicate changes in the company's cost structure and operating efficiency over the quarters.
Return on investment
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 25.02% | 18.71% | 37.32% | 41.97% | 29.67% | 35.44% | 13.61% | -2.31% | 5.12% | -19.38% | -44.58% | -148.47% | -96.46% | -75.57% | -34.45% | 24.21% | 2.91% | 24.86% | 25.92% | 22.31% |
| Return on assets (ROA) | 20.58% | 15.78% | 33.74% | 39.49% | 26.89% | 32.49% | 10.58% | -5.43% | 0.42% | -24.96% | -50.93% | -156.28% | -103.89% | -85.02% | -43.10% | 17.84% | -4.01% | 13.14% | 11.68% | 2.40% |
| Return on total capital | 29.26% | 23.70% | 44.80% | 50.46% | 37.73% | 46.78% | 23.98% | -4.18% | 6.44% | -36.25% | -78.82% | -205.73% | -129.12% | -96.63% | -44.34% | 23.95% | 0.17% | 19.87% | 20.23% | 10.07% |
| Return on equity (ROE) | 45.07% | 48.24% | 87.34% | 125.94% | 103.75% | 113.23% | 151.97% | — | 2.96% | — | — | — | — | — | -386.89% | 39.56% | -13.66% | 48.61% | 44.79% | 10.73% |
Northern Oil and Gas Inc. has shown strong profitability ratios over the past eight quarters. The Operating Return on Assets (Operating ROA) has been consistently healthy, with the highest value of 41.97% in Q1 2023. This indicates the company's ability to generate profits from its assets before considering interest and taxes.
The Return on Assets (ROA) has also been positive and trending upwards, reaching 38.66% in Q1 2023. This ratio reflects Northern Oil and Gas Inc.'s efficiency in utilizing its total assets to generate profits.
The Return on Total Capital has shown a similar positive trend, peaking at 50.01% in Q1 2023. This ratio demonstrates the company's ability to generate profits from both equity and debt sources.
Lastly, the Return on Equity (ROE) has been consistently high, indicating the strong returns generated for shareholders' equity. Notably, the ROE reached its highest value of 123.32% in Q1 2023, reflecting the company's ability to generate substantial returns for its equity investors.
Overall, Northern Oil and Gas Inc. has demonstrated impressive profitability ratios, showcasing efficient asset utilization, strong returns on capital, and substantial returns for equity investors over the analyzed period.