What is the Return on Assets (ROA) of Cenovus Energy this year?
The Return on Assets (ROA) of Cenovus Energy is 0.08 undefined this year.
Cenovus Energy ROA 2024
Cenovus Energy ROA
0.08
Ticker
CVE.TO
ISIN
CA15135U1093
WKN
A0YD8C
In 2024, Cenovus Energy's return on assets (ROA) was 0.08, a -34.21% increase from the 0.11 ROA in the previous year.
Cenovus Energy Aktienanalyse
What does Cenovus Energy do?
Cenovus Energy Inc. is a Canadian company that started operating in 2009. Its headquarters are located in Calgary, Alberta. However, the company's history dates back to 1881 when the Canadian Pacific Railway was founded. Over the following decades, the company became one of the largest in Canada and soon began to venture into the energy generation sector. When Canadian Pacific Railway acquired PanCanadian Energy Corporation in 2001, it transformed into an independent company known as EnCana Corporation. After some restructuring, Cenovus Energy Inc. was finally established in 2009 as an independent company. Cenovus Energy Inc.'s business model focuses on the exploration and production of oil and gas in both Canada and the United States. Various methods are used to access these valuable resources, with oil sands extraction playing a particularly significant role in extracting oil from the vast reserves in Alberta and Saskatchewan. Overall, Cenovus Energy Inc. can be divided into three main segments: - Exploration & Production: This involves searching for oil and gas reserves, as well as developing and operating extraction facilities. - Conventional Oil: This segment focuses on the extraction of conventional oil using traditional methods. - Refining & Marketing: This involves processing crude oil into various products such as gasoline, lubricants, and heating oil, which are then sold. Cenovus Energy has become one of the largest energy companies in Canada, employing over 8,000 employees. The company is listed on the Toronto Stock Exchange and the New York Stock Exchange. Cenovus Energy's products mainly include various oil and gas products that are marketed both domestically and internationally, with a focus on supplying North American companies. However, renewable energy production is not part of Cenovus Energy's core business. Cenovus Energy is also actively working to make its production more environmentally friendly. The company has significantly expanded its investment program in renewable energy to meet the energy needs of its production facilities. Additionally, technologies to reduce CO2 emissions are being implemented, and recycling processes are being developed. Overall, Cenovus Energy Inc. is an important player in the Canadian and North American energy industry. However, its focus on extracting fossil fuels also places it within the discussion on sustainable environmental practices and transitioning to renewable energy sources. Cenovus Energy ist eines der beliebtesten Unternehmen auf Eulerpool.com.ROA Details
Understanding Cenovus Energy's Return on Assets (ROA)
Cenovus 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 Cenovus 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 Cenovus 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 Cenovus 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 Cenovus Energy stock
What was the ROA of Cenovus Energy compared to the previous year?
The ROA of Cenovus Energy has increased by -34.21% compared to the previous year.
What consequences do high ROA have for investors of Cenovus Energy?
A high ROA is advantageous for investors of Cenovus 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 Cenovus Energy?
A low ROA can be unfavorable for investors of Cenovus 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 Cenovus Energy affect the company?
An increase in ROA of Cenovus Energy can be an indicator of improved efficiency in asset utilization and higher profitability.
How does a reduction in ROA of Cenovus Energy impact the company?
A reduction in the ROA of Cenovus Energy can be an indicator of lower asset efficiency and profitability.
What are some factors that can influence the ROA of Cenovus Energy?
Some factors that can influence the ROA of Cenovus Energy include revenue, operating costs, asset structure, and industry average.
Why is the ROA of Cenovus Energy important for investors?
The ROA of Cenovus 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 Cenovus Energy take to improve ROA?
To improve ROA, Cenovus 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 Cenovus Energy pay?
Over the past 12 months, Cenovus Energy paid a dividend of 0.67 CAD . This corresponds to a dividend yield of about 3.22 %. For the coming 12 months, Cenovus Energy is expected to pay a dividend of 0.79 CAD.
What is the dividend yield of Cenovus Energy?
The current dividend yield of Cenovus Energy is 3.22 %.
When does Cenovus Energy pay dividends?
Cenovus Energy pays a quarterly dividend. This is distributed in the months of June, July, October, January.
How secure is the dividend of Cenovus Energy?
Cenovus Energy paid dividends every year for the past 18 years.
What is the dividend of Cenovus Energy?
For the upcoming 12 months, dividends amounting to 0.79 CAD are expected. This corresponds to a dividend yield of 3.83 %.
In which sector is Cenovus Energy located?
Cenovus Energy is assigned to the 'Energy' sector.
Wann musste ich die Aktien von Cenovus Energy kaufen, um die vorherige Dividende zu erhalten?
To receive the latest dividend of Cenovus Energy from 12/31/2024 amounting to 0.18 CAD, you needed to have the stock in your portfolio before the ex-date on 12/13/2024.
When did Cenovus Energy pay the last dividend?
The last dividend was paid out on 12/31/2024.
What was the dividend of Cenovus Energy in the year 2023?
In the year 2023, Cenovus Energy distributed 0.464 CAD as dividends.
In which currency does Cenovus Energy pay out the dividend?
The dividends of Cenovus Energy are distributed in CAD.
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Andere Kennzahlen von Cenovus Energy
Our stock analysis for Cenovus 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 Cenovus Energy Revenue. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.
- Cenovus Energy Revenue
- Cenovus Energy Net Income
- Cenovus Energy P/E
- Cenovus Energy P/S
- Cenovus Energy EBIT
- Cenovus Energy Dividend
- Cenovus Energy Stocks
- Cenovus Energy Market capitalization
- Cenovus Energy Debt
- Cenovus Energy Liabilities
- Cenovus Energy Equity
- Cenovus Energy AAQS
- Cenovus Energy Employees
- Cenovus Energy ROE
- Cenovus Energy ROA
- Cenovus Energy ROCE
