Return On Asset ratio Analysis of Nine Energy Svc Inc. - Deep Dive


Latest FY ROA
Period Ending - Dec-23

-3.46


Very Poor ROA
Period Ending - Dec-22
3.37

Not Good ROA
Growth
-202.72 %
Trailing Twelve Months ROA
Period Ending - Dec-23

-8.40


Very Poor ROA
Most recent Quarter ROA
Period Ending - Mar-24

-2.12


Very Poor ROA
ROA Analysis of Nine Energy Svc Inc.
ROA Ratio of Nine Energy Svc Inc. with value of -8.40 means poor return on Assets in trailing twelve months.
ROA Ratio of Nine Energy Svc Inc. with value of -2.12 means poor return on Assets in latest Quarter ending on Mar-24.
ROA Ratio of NINE drastically fell by -202.72 % this year.
ROA Ratio with value of 3.37 was highest in Year Dec-22 in last Five Years.
ROA Ratio with value of -85.62 was lowest in Year Dec-20 in last Five Years.
Latest ROA Ratio with value of -3.46 is Greater than Average ROA of -25.64 in last five years.
ROA of Nine Energy Svc Inc. is negative because of negative Income in last Financial Year , last Quarter and also in last twelve Months.
Other ROA Related Info of NINE that may interest you.
Nine Energy Svc Inc. Overview
CodePricePrevious PricePrice ChangeSector
NINE1.691.68 0.595 % Oil & Gas Equipment & Services
Fundamental AnalysisTechnical Analysis
Defination of Return On Asset
The return on assets (ROA) is a commonly used profitability ratio that shows how effectively a company uses its assets to generate profit.   more ..
Return On Asset Formula
ROA Related Ratios
ReturnOnEquityAssetTurnoverRatio
Tsr Profitability Index
Poor Profitability Stock
FY - Historical Return On Asset of Nine Energy Svc Inc.
PeriodDec-23Dec-22Dec-21Dec-20Dec-19Dec-18Dec-17
ROA-3.463.37-16.92-85.62-25.59-4.64-11.69
Change-202.72 %119.93 %80.24 %-234.57 %-451.19 %60.29 %5.01 %
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FY Chart of Return On Asset of Nine Energy Svc Inc.


Note : All Data Generated at the End of Trading Hours (EOD Data)