Unit Ret. on equity
What is the Ret. on equity of Unit?
The Ret. on equity of Unit Corp. is -41.81%
What is the definition of Ret. on equity?
Return on equity is a measure of the profitability of a business in relation to the book value of the shareholder equity. It is computed by dividing fiscal year net income by total shareholder equity.
ttm (trailing twelve months)
The return on equity (ROE) ROE is a measure of how well a company uses investments to generate earnings growth. ROE is used for comparing the performance of companies in the same industry. It indicated the management's ability to generate income from the equity available to it. ROEs of 15-20% are generally considered good. ROEs are also a factor in stock valuation, in association with other financial ratios. In general, stock prices are influenced by earnings per share (EPS), so that stock of a company with a 20% ROE will generally cost twice as much as one with a 10% ROE.
Ret. on equity 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 equity similar to Unit
- Blaze International has Ret. on equity of -41.94%
- Simplicity has Ret. on equity of -41.88%
- Organovo has Ret. on equity of -41.86%
- Hut 8 Mining has Ret. on equity of -41.86%
- Compugen Ltd has Ret. on equity of -41.86%
- Granite Creek Copper has Ret. on equity of -41.83%
- Unit has Ret. on equity of -41.81%
- Duketon Mining has Ret. on equity of -41.81%
- Fermentalg SA has Ret. on equity of -41.79%
- Denbury Resources has Ret. on equity of -41.76%
- Neurometrix has Ret. on equity of -41.73%
- NXT Solutions has Ret. on equity of -41.70%
- ImAlliance SA has Ret. on equity of -41.67%