What is Northern Oil And Gas Inc 's ROA in the fourth quarter of 2023?
Northern Oil And Gas Inc achieved a return on average assets (ROA) of
23.37 % in its fourth quarter of 2023, this is above NOG's average return on assets of -15.68%.
Northern Oil And Gas Inc s assets during the 12 months ending in the fourth quarter of 2023 are valued at $3 billion
ROA has improved compared to 18.87% in the third quarter of 2023, due to net income growth.
However, within the
Energy sector 10 other companies had a higher return on assets. While Return on assets, overall ranking has advanced in the Dec 31 2023 quarter, so far to
73, from total ROA ranking in the third quarter of 2023 at
226.
What is ROA?