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Year on year Ring Energy Inc had net income fall -24.36% from 138.64m to 104.86m despite a 3.98% increase in revenues from 347.25m to 361.06m. An increase in the selling, general and administrative costs as a percentage of sales from 21.64% to 27.67% was a component in the falling net income despite rising revenues.
Gross margin | 93.38% |
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Net profit margin | 29.44% |
Operating margin | 39.23% |
Return on assets | 8.16% |
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Return on equity | 14.22% |
Return on investment | 8.97% |
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Cash flow in USDView more
In 2023, cash reserves at Ring Energy Inc fell by 3.42m. However, the company earned 198.17m from its operations for a Cash Flow Margin of 54.89%. In addition the company generated 20.99m cash from financing while 222.57m was spent on investing.
Cash flow per share | 1.06 |
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Price/Cash flow per share | 1.45 |
Book value per share | 4.30 |
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Tangible book value per share | 4.30 |
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Balance sheet in USDView more
Current ratio | 0.5412 |
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Quick ratio | 0.4938 |
Total debt/total equity | 0.4632 |
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Total debt/total capital | 0.3166 |
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Growth rates in USD
Year on year, growth in earnings per share excluding extraordinary items dropped -45.12%. Additionally, five year annualized earnings per share growth ranks above the industry average relative to its peers.
EPS growth(5 years) | 29.41 |
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EPS (TTM) vs TTM 1 year ago | 53.16 |