Norris Industries (NRIS) Asset Utilization Ratio (2015 - 2026)
Norris Industries' (NRIS) quarterly Asset Utilization Ratio came in at 1.78 in Q2 2026, up 84.64% YoY from 0.97 in Q2 2025, and up 54.95% on a QoQ basis from 1.15 in Q3 2025.
Norris Industries (NRIS) Asset Utilization Ratio (2015 - 2026) Analysis & Trends
Norris Industries (NRIS) has 12 years of Asset Utilization Ratio data on file, last reported at 1.78 in Q2 2026.
- Quarterly Asset Utilization Ratio rose 84.64% year-over-year to 1.78 in Q2 2026, while the trailing twelve-month figure through May 2026 was 1.78 (up 84.64% YoY) and the FY2026 annual result came in at 0.95, up 16.55% from the prior year.
- Asset Utilization Ratio improved to 1.78 in Q2 2026, from 1.15 in the prior quarter.
- In the past five years, Asset Utilization Ratio ranged from a high of 1.83 in Q3 2022 to a low of 0.76 in Q2 2024.
- A 5-year average of 1.25 and a median of 1.31 in 2023 frame the typical range for Asset Utilization Ratio.
- Annual changes were most pronounced in 2022 — Asset Utilization Ratio soared 145.95% — and 2024, when it sank 52.78%.
- Tracing NRIS's Asset Utilization Ratio over 5 years: stood at 1.58 in 2022, then fell by 15.96% to 1.33 in 2023, then sank by 38.27% to 0.82 in 2024, then surged by 40.74% to 1.15 in 2025, then surged by 54.95% to 1.78 in 2026.
- The last three Asset Utilization Ratio figures came in at 1.78 (Q2 2026), 1.15 (Q3 2025), and 0.97 (Q2 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Asset Util. (Qtr) |
|---|---|---|---|---|---|
| 1 | Conocophillips | 163.72 Bn | 156.03 Bn | 12.81 Bn | 0.53 |
| 2 | Canadian Natural Resources | 106.38 Bn | 104.49 Bn | 10.66 Bn | - |
| 3 | Eog Resources | 80.14 Bn | 75.23 Bn | - | 0.50 |
| 4 | Diamondback Energy | 59.38 Bn | 58.92 Bn | 5.55 Bn | 0.24 |
| 5 | Woodside Energy | 46.15 Bn | 40.21 Bn | 6.02 Bn | - |
| 6 | Devon Energy | 46.08 Bn | 45.07 Bn | 6.02 Bn | 0.39 |
| 7 | Occidental Petroleum | 39.50 Bn | 35.35 Bn | 7.73 Bn | 0.27 |
| 8 | Eqt | 33.88 Bn | 33.76 Bn | 1.42 Bn | 0.23 |
| 9 | Texas Pacific Land | 26.35 Bn | 26.10 Bn | - | 0.50 |
| 10 | Norris Industries | 16.24 Mn | 16.20 Mn | - | 1.78 |
Historic Data
Download Data| Date | Value |
|---|---|
| May 31, 2026 | 1.78 |
| Aug 31, 2025 | 1.15 |
| May 31, 2025 | 0.97 |
| Feb 28, 2025 | 0.85 |
| Nov 30, 2024 | 0.82 |
| Aug 31, 2024 | 0.80 |
| May 31, 2024 | 0.76 |
| Feb 29, 2024 | 1.00 |
| Nov 30, 2023 | 1.33 |
| Aug 31, 2023 | 1.33 |
| May 31, 2023 | 1.62 |
| Feb 28, 2023 | 1.42 |
| Nov 30, 2022 | 1.58 |
| Aug 31, 2022 | 1.83 |
| May 31, 2022 | 1.41 |
| Feb 28, 2022 | 1.29 |
| Nov 30, 2021 | 1.31 |
| Aug 31, 2021 | 1.18 |
| May 31, 2021 | 1.04 |
| Feb 28, 2021 | 0.53 |