Northern Oil & Gas Inc (NOG)
Profitability ratios
Return on sales
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | 54.74% | 34.39% | 29.55% | 29.28% | 32.53% | 45.13% | 56.21% | 62.44% | 66.25% | 67.92% | 67.27% | 64.53% | 60.15% | 54.17% | 45.53% | 21.36% | 4.88% | 8.32% | 15.96% | 30.59% |
| Operating profit margin | 46.11% | 44.17% | 26.62% | 29.86% | 43.41% | 50.12% | 57.14% | 55.13% | 51.32% | 55.63% | 49.29% | 34.74% | 8.00% | -32.48% | -87.50% | -369.16% | -375.79% | -298.91% | -187.91% | 15.79% |
| Pretax margin | 31.97% | 54.05% | 37.64% | 42.73% | 67.99% | 43.45% | 69.92% | 67.57% | 39.09% | 43.06% | 14.64% | -8.54% | 0.68% | -41.83% | -99.96% | -388.58% | -279.63% | -226.34% | -115.99% | 66.63% |
| Net profit margin | 24.43% | 43.50% | 32.79% | 37.66% | 62.71% | 42.27% | 67.68% | 67.42% | 38.94% | 42.88% | 14.52% | -8.62% | 0.65% | -41.83% | -99.96% | -388.58% | -279.58% | -226.30% | -115.95% | 66.66% |
Northern Oil & Gas Inc's profitability ratios have shown significant fluctuations over the years. The gross profit margin steadily increased from 30.59% in March 2020 to a peak of 67.92% in September 2022, before declining to 54.74% in December 2024.
The operating profit margin, however, exhibited a more volatile trend, with negative margins in 2020 turning positive in December 2021 and reaching a high of 57.14% in June 2023, before declining to 46.11% by December 2024.
Similarly, the pretax margin fluctuated widely, with negative margins in the early years, gradually turning positive and reaching a peak of 69.92% in June 2023, before settling at 31.97% in December 2024.
The net profit margin followed a similar pattern to the pretax margin, with negative margins initially before turning positive and peaking at 67.68% in June 2023, then settling at 24.43% by December 2024.
Overall, while there have been periods of improvement in profitability margins, particularly from 2021 to 2023, the company experienced some volatility in profitability ratios in more recent years, indicating the need for continued monitoring and analysis to ensure sustained profitability levels.
Return on investment
| 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 return on assets (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% |
| Return on assets (ROA) | 9.28% | 16.57% | 11.96% | 12.83% | 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% |
| Return on total capital | 36.14% | 51.42% | 38.58% | 40.85% | 55.50% | 58.33% | 97.73% | 135.06% | 114.95% | 123.92% | 197.11% | — | 30.50% | — | — | — | — | — | -334.53% | 47.24% |
| Return on equity (ROE) | 22.42% | 36.20% | 27.32% | 29.69% | 45.07% | 48.24% | 87.34% | 125.94% | 103.75% | 113.23% | 151.97% | — | 2.96% | — | — | — | — | — | -386.90% | 39.56% |
Based on the provided data, Northern Oil & Gas Inc's profitability ratios have fluctuated over the periods mentioned.
1. Operating Return on Assets (Operating ROA):
- The Operating ROA experienced negative figures in several quarters, indicating that the company's operating income was not sufficient to cover its assets in those periods. However, there was a significant improvement starting from March 31, 2022, with positive percentages indicating better operational efficiency in generating profits from its assets.
2. Return on Assets (ROA):
- The ROA also showed negative values in the earlier quarters, suggesting that the company had challenges in generating profits relative to its total assets. Similar to the Operating ROA, there was a turnaround starting from June 30, 2022, with positive percentages indicating improved profitability relative to its total assets.
3. Return on Total Capital:
- The Return on Total Capital showed erratic trends, with drastic negative figures in some quarters and significant positive percentages in others. This ratio suggests that the company's ability to generate returns from its total capital varied over time.
4. Return on Equity (ROE):
- The ROE exhibited a mix of negative and positive percentages, reflecting the company's ability to generate profits for its shareholders. The ratios improved over time, with notable positive figures starting from June 30, 2022, indicating better returns on equity for investors.
Overall, the trend in profitability ratios for Northern Oil & Gas Inc shows variability and fluctuations in performance over the periods considered. It is important for the company to focus on maintaining positive profitability ratios consistently to ensure sustainable growth and value creation for its stakeholders.