RevenueNet IncomeP/EP/SEBITDividendStocksMarket capitalizationDebtLiabilitiesEquityAAQSEmployeesROEROAROCE
Nine Energy Service Stock

Nine Energy Service ROA 2024

Nine Energy Service ROA

-0.08

Ticker

NINE

ISIN

US65441V1017

WKN

A2JBN9

In 2024, Nine Energy Service's return on assets (ROA) was -0.08, a -337.51% increase from the 0.03 ROA in the previous year.

Nine Energy Service Aktienanalyse

What does Nine Energy Service do?

Nine Energy Service Inc. is a leading company in the oil and gas service industry. Headquartered in Houston, Texas, the company employs over 1,100 employees worldwide in 14 countries, including the USA, Canada, Norway, the UK, the Gulf region, Algeria, and Australia. The company's history began in 2011 with the founding of Nine Energy Service. The founders had a clear goal in mind: to create a company that revolutionizes the energy sector by offering innovative technologies and services. Nine Energy Service's business model focuses on providing services to optimize oil and gas drilling production, including inspection, maintenance, and repair. The company relies on innovative technologies to enhance the efficiency and safety of its services. Nine Energy Service offers a variety of services to support energy companies in their drilling projects. These include: - Comprehensive fracking and drilling solutions: Nine Energy Service offers holistic solutions for drilling and fracking projects. The services range from planning to execution. - Cementing: Cementing is a crucial component in the oil and gas industry. Nine Energy Service offers a variety of cementing services to ensure the integrity and safety of wells. - Fracking fluids and additives: Nine Energy Service manufactures a range of formulations for frac fluids and additives. - Wireline service: Nine Energy Service provides wireline services for drilling projects. This service is essential for obtaining real-time data about the wellbore. - Wellbore inspection: Nine Energy Service offers inspection services to assess the integrity of wells. - Stimulation: Nine Energy Service offers a variety of stimulation technologies to enhance drilling productivity. - Integrity service: Nine Energy Service provides a variety of integrity services to ensure the operational safety of wells. This includes services that help prevent environmental damage. Nine Energy Service maintains separate business units for aviation and drilling rigs, focusing on aircraft and drilling rig maintenance and repair. The company has completed several important partnerships and acquisitions to expand its offerings. In 2012, Nine Energy Service acquired wellbore integrity company Peak Pressure Control. In 2017, it acquired Magnum Oil Tools International. In the same year, it also entered into a strategic partnership with Caroil Group. Overall, Nine Energy Service has shown impressive growth and continuously expanded its services. The company has established itself as a leading provider of technology and service solutions for the oil and gas industry. Nine Energy Service aims to solidify and further expand its position as an innovation leader in the oil and gas industry. Nine Energy Service ist eines der beliebtesten Unternehmen auf Eulerpool.com.

ROA Details

Understanding Nine Energy Service's Return on Assets (ROA)

Nine Energy Service'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 Nine Energy Service'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 Nine Energy Service'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 Nine Energy Service’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 Nine Energy Service stock

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

The Return on Assets (ROA) of Nine Energy Service is -0.08 undefined this year.

What was the ROA of Nine Energy Service compared to the previous year?

The ROA of Nine Energy Service has increased by -337.51% compared to the previous year.

What consequences do high ROA have for investors of Nine Energy Service?

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

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

A low ROA can be unfavorable for investors of Nine Energy Service 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 Nine Energy Service affect the company?

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

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

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

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

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

Why is the ROA of Nine Energy Service important for investors?

The ROA of Nine Energy Service 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 Nine Energy Service take to improve ROA?

To improve ROA, Nine Energy Service 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 Nine Energy Service pay?

Over the past 12 months, Nine Energy Service paid a dividend of . This corresponds to a dividend yield of about . For the coming 12 months, Nine Energy Service is expected to pay a dividend of 0 USD.

What is the dividend yield of Nine Energy Service?

The current dividend yield of Nine Energy Service is .

When does Nine Energy Service pay dividends?

Nine Energy Service pays a quarterly dividend. This is distributed in the months of .

How secure is the dividend of Nine Energy Service?

Nine Energy Service paid dividends every year for the past 0 years.

What is the dividend of Nine Energy Service?

For the upcoming 12 months, dividends amounting to 0 USD are expected. This corresponds to a dividend yield of 0 %.

In which sector is Nine Energy Service located?

Nine Energy Service is assigned to the 'Energy' sector.

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

To receive the latest dividend of Nine Energy Service from 9/13/2024 amounting to 0 USD, you needed to have the stock in your portfolio before the ex-date on 9/13/2024.

When did Nine Energy Service pay the last dividend?

The last dividend was paid out on 9/13/2024.

What was the dividend of Nine Energy Service in the year 2023?

In the year 2023, Nine Energy Service distributed 0 USD as dividends.

In which currency does Nine Energy Service pay out the dividend?

The dividends of Nine Energy Service are distributed in USD.

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Andere Kennzahlen von Nine Energy Service

Our stock analysis for Nine Energy Service 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 Nine Energy Service Revenue. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.