Unit Ret. on assets
What is the Ret. on assets of Unit?
The Ret. on assets of Unit Corp. is -0.51%
What is the definition of Ret. on assets?
Return on assets indicates how profitable a company’s assets are in generating revenue. It is computed by dividing net income by average total assets.
ttm (trailing twelve months)
The return on assets (ROA) tells you what the company can do with what it has, i.e. how many dollars of earnings they derive from each dollar of assets they control. It's a useful number for comparing competing companies in the same industry. The number will vary widely across different industries. Return on assets gives an indication of the capital intensity of the company, which will depend on the industry; companies that require large initial investments will generally have lower return on assets. ROAs over 5% are generally considered good.
Ret. on assets of companies in the Energy sector on NYSE compared to Unit
What does Unit do?
Unit Corp. engages in oil and gas exploration, production, contract drilling, and natural gas gathering and processing. It operates through the following segments: Oil and Natural Gas; Contract Drilling; Mid-Stream; and Other. The Oil and Natural Gas segment explores, develops, acquires, and produces oil and natural gas properties. The Contract Drilling segment contracts to drill onshore oil and natural gas wells. The Mid-Stream segment buys, sells, gathers, processes, and treats natural gas. The company was founded by King P. Kirchner and James Donald Bodard in 1963 and is headquartered in Tulsa, OK.
Companies with ret. on assets similar to Unit
- Hubtown has Ret. on assets of -0.52%
- Midland IC&I has Ret. on assets of -0.52%
- Easun Reyrolle has Ret. on assets of -0.52%
- Easun Reyrolle has Ret. on assets of -0.52%
- Greencoat Renewables PLC has Ret. on assets of -0.51%
- Greencoat Renewables PLC has Ret. on assets of -0.51%
- Unit has Ret. on assets of -0.51%
- Global Offshore Services has Ret. on assets of -0.51%
- Ready Capital Corp has Ret. on assets of -0.51%
- Good Friend International has Ret. on assets of -0.51%
- Argos Resources Ltd has Ret. on assets of -0.51%
- Argos Resources Ltd has Ret. on assets of -0.51%
- Pioneer Global has Ret. on assets of -0.51%