Northern Oil & Gas (NOG) Return on Invested Capital (2015 - 2023)

Northern Oil & Gas' Return on Invested Capital history runs 9 years deep, the most recent figure standing at 1.15% for Q4 2023.

• On a quarterly basis, Return on Invested Capital fell 8.0% year-over-year to 1.15% in Q4 2023; TTM through Dec 2023 was 1.15%, a 8.0% decrease from a year earlier, with the FY2018 full-year figure at 0.15%, down 81.0% from the prior year.
• Return on Invested Capital rose to 1.15% in Q4 2023 per NOG's latest filing, from 0.52% in the prior quarter.
• Across five years, Return on Invested Capital topped out at 8.3% in Q3 2022 and bottomed at 0.63% in Q1 2022.
• The 5-year median for Return on Invested Capital is 0.05% (2019), against an average of 1.15%.
• Biggest YoY gain for Return on Invested Capital was 163 bps in 2023; the steepest drop was 778 bps in 2023.
• Year by year, Return on Invested Capital stood at 0.03% in 2019, then plunged by 207 bps to 0.04% in 2020, then surged by 161 bps to 0.02% in 2021, then surged by 5336 bps to 1.23% in 2022, then dropped by 6 bps to 1.15% in 2023.
• Per Business Quant, the three latest NOG Return on Invested Capital figures stand at 1.15% (Q4 2023), 0.52% (Q3 2023), and 0.83% (Q2 2023).