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Suncor Energy ROA 2024

Suncor Energy ROA

0.09

Suncor Energy Dividend yield

4.02 %

Ticker

SU.TO

ISIN

CA8672241079

WKN

A0NJU2

In 2024, Suncor Energy's return on assets (ROA) was 0.09, a -12.66% increase from the 0.11 ROA in the previous year.

Suncor Energy Aktienanalyse

What does Suncor Energy do?

Suncor Energy Inc. is a Canadian company specializing in the production, processing, and marketing of oil and gas products. It was founded in 1919 as Sun Company of Canada and is based in Calgary, Alberta. Throughout its history, Suncor has undergone various changes and acquisitions. Originally, it was a gas station operator and a key member of the Standard Oil Company. In the 1940s, Suncor began refinery production and expanded into oil sands mining in northern Alberta in the 1950s. In the 1980s, the company was acquired by Petro-Canada and changed its name. However, after being taken over by Suncor in 2009, it returned to its original name. Suncor's business model includes the production of oil and gas from conventional and unconventional sources, as well as the processing of these resources into various end products such as gasoline, diesel, and lubricants. The company also operates a number of refineries and pipelines in Canada and the United States. One of Suncor's main divisions is its oil sands mining operations in northern Alberta. The company operates the world's largest oil sands mine and currently produces around 400,000 barrels of oil per day. However, oil sands mining is controversial due to its high environmental impact. Nevertheless, Suncor has made significant efforts in recent years to reduce its environmental footprint and promote more sustainable business practices. Suncor also operates a number of refineries in Canada and the United States, which are responsible for processing crude oil into various end products. Suncor's refineries are strategically located, allowing the company to deliver its products to different regions of North America. Another important division of Suncor is its marketing and distribution of oil and gas products. The company operates a large number of retail gas stations and also supplies a range of large customers, including the aviation and shipping industries. Some of Suncor's well-known products include the Petro-Canada and Sunoco gasoline and diesel brands. However, the company also produces a variety of lubricants, greases, and other oil and gas products for use in the industry and automotive sector. Overall, Suncor Energy Inc. is one of Canada's major energy companies and a key player in the North American energy sector. Despite facing challenges in recent years, including low oil prices and environmental concerns, it has proven to be resilient and adaptable, and is well-positioned for future success. Suncor Energy ist eines der beliebtesten Unternehmen auf Eulerpool.com.

ROA Details

Understanding Suncor Energy's Return on Assets (ROA)

Suncor Energy's Return on Assets (ROA) is a key performance indicator that measures the company's profitability in relation to its total assets. It is calculated by dividing the net income by the total assets. A higher ROA indicates efficient asset utilization to generate profits, reflecting managerial effectiveness and financial health.

Year-to-Year Comparison

Comparing Suncor Energy's ROA year-over-year provides insights into the company’s operational efficiency and asset utilization trends. An increasing ROA demonstrates enhanced asset efficiency and profitability, while a declining ROA can indicate operational or financial challenges.

Impact on Investments

Investors consider Suncor Energy's ROA as a crucial metric to evaluate the company’s profitability and efficiency. A higher ROA signifies that the company is effectively utilizing its assets to generate profits, making it a potentially attractive investment.

Interpreting ROA Fluctuations

Variations in Suncor Energy’s ROA can be attributed to changes in net income, asset purchases, or operational efficiencies. Analyzing these fluctuations assists in assessing the company's financial performance, management efficiency, and strategic financial positioning.

Frequently Asked Questions about Suncor Energy Stock

What is the Return on Assets (ROA) of Suncor Energy this year?

The Return on Assets (ROA) of Suncor Energy is 0.09 undefined this year.

What was the ROA of Suncor Energy compared to the previous year?

The ROA of Suncor Energy has increased by -12.66% compared to the previous year.

What consequences do high ROA have for investors of Suncor Energy?

A high ROA is advantageous for investors of Suncor Energy, as it indicates that the company efficiently utilizes its assets and generates good profits.

What are the consequences of low ROA for investors in Suncor Energy?

A low ROA can be unfavorable for investors of Suncor Energy as it indicates that the company is inefficiently utilizing its assets and may potentially achieve lower profits.

How does an increase in the ROA of Suncor Energy affect the company?

An increase in ROA of Suncor Energy can be an indicator of improved efficiency in asset utilization and higher profitability.

How does a reduction in ROA of Suncor Energy impact the company?

A reduction in the ROA of Suncor Energy can be an indicator of lower asset efficiency and profitability.

What are some factors that can influence the ROA of Suncor Energy?

Some factors that can influence the ROA of Suncor Energy include revenue, operating costs, asset structure, and industry average.

Why is the ROA of Suncor Energy important for investors?

The ROA of Suncor Energy is important for investors as it is an indicator of the company's profitability and efficiency in utilizing assets. It provides investors with information on how well the company utilizes its resources to generate profits.

What strategic measures can Suncor Energy take to improve ROA?

To improve ROA, Suncor Energy can take measures such as cost savings, revenue growth, optimizing asset structure, and diversifying its business activities. It is important for the company to conduct a thorough review of its financial situation to determine the best strategic measures to improve ROA.

How much dividend does Suncor Energy pay?

Over the past 12 months, Suncor Energy paid a dividend of 2.11 CAD . This corresponds to a dividend yield of about 4.02 %. For the coming 12 months, Suncor Energy is expected to pay a dividend of 2.39 CAD.

What is the dividend yield of Suncor Energy?

The current dividend yield of Suncor Energy is 4.02 %.

When does Suncor Energy pay dividends?

Suncor Energy pays a quarterly dividend. This is distributed in the months of July, September, December, April.

How secure is the dividend of Suncor Energy?

Suncor Energy paid dividends every year for the past 23 years.

What is the dividend of Suncor Energy?

For the upcoming 12 months, dividends amounting to 2.39 CAD are expected. This corresponds to a dividend yield of 4.57 %.

In which sector is Suncor Energy located?

Suncor Energy is assigned to the 'Energy' sector.

Wann musste ich die Aktien von Suncor Energy kaufen, um die vorherige Dividende zu erhalten?

To receive the latest dividend of Suncor Energy from 3/25/2024 amounting to 0.545 CAD, you needed to have the stock in your portfolio before the ex-date on 3/1/2024.

When did Suncor Energy pay the last dividend?

The last dividend was paid out on 3/25/2024.

What was the dividend of Suncor Energy in the year 2023?

In the year 2023, Suncor Energy distributed 1.88 CAD as dividends.

In which currency does Suncor Energy pay out the dividend?

The dividends of Suncor Energy are distributed in CAD.

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Andere Kennzahlen von Suncor Energy

Our stock analysis for Suncor Energy Revenue stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Suncor Energy Revenue. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.