Ring Energy (Ring Energy) Scaled Net Operating Assets : 0.89 (As of Dec. 2023)

Ring Energy Scaled Net Operating Assets Chart

Ring Energy Annual Data
	Trend	Dec14	Dec15	Dec16	Dec17	Dec18	Dec19	Dec20	Dec21	Dec22	Dec23
Scaled Net Operating Assets		Get a 7-Day Free Trial					1.56	0.62	0.89	1.57	0.96

Ring Energy Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Scaled Net Operating Assets	Get a 7-Day Free Trial															0.86	0.89	0.89	0.91	0.89

Competitive Comparison of Ring Energy's Scaled Net Operating Assets

For the Oil & Gas E&P subindustry, Ring Energy's Scaled Net Operating Assets, along with its competitors' market caps and Scaled Net Operating Assets data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Ring Energy's Scaled Net Operating Assets Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Ring Energy's Scaled Net Operating Assets distribution charts can be found below:

* The bar in red indicates where Ring Energy's Scaled Net Operating Assets falls into.

Ring Energy Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Ring Energy's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2023 is calculated as

where

Ring Energy's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2023 is calculated as

where

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Ring Energy Scaled Net Operating Assets Related Terms

Thank you for viewing the detailed overview of Ring Energy's Scaled Net Operating Assets provided by GuruFocus.com. Please click on the following links to see related term pages.

Ring Energy (Ring Energy) Business Description