Ring Energy (REI) Cost of Revenue (2010 - 2023)

Ring Energy has reported Cost of Revenue for 14 years, with the latest figure at $823.0 in Q1 2023.

• Quarterly Cost of Revenue fell 99.94% year-over-year to $823.0 in Q1 2023, while the trailing twelve-month figure through Mar 2023 was $533989.0 (down 88.63% YoY) and the FY2023 annual result came in at $457573.0, down 75.0% from the prior year.
• Cost of Revenue rose to $823.0 in Q1 2023 per REI's latest filing, from -$16223.0 in the prior quarter.
• Over five years, Cost of Revenue peaked at $15.5 million in Q3 2019 and troughed at -$33.6 million in Q4 2019.
• A 5-year average of $820529.4 and a median of $1.1 million in 2020 frame the typical range for Cost of Revenue.
• The widest YoY moves for Cost of Revenue: up 114.44% in 2019, down 511.35% in 2019.
• Over 5 years, Cost of Revenue stood at -$33.6 million in 2019, then jumped by 103.74% to $1.3 million in 2020, then advanced by 15.41% to $1.4 million in 2021, then tumbled by 101.12% to -$16223.0 in 2022, then surged by 105.07% to $823.0 in 2023.
• According to Business Quant data, Cost of Revenue over the past three periods registered $823.0, -$16223.0, and $549389.0 for Q1 2023, Q4 2022, and Q2 2022 respectively.