Ring Energy Inc
Ring Energy, Inc., an independent oil and natural gas company, engages in the acquisition, exploration, development, and production of oil and natural gas properties. The company has interests in 56,620 net developed acres and 4,029 net undeveloped acres in Andrews, Gaines, Crane, Ector, Winkler, and Ward counties, Texas; and 8,722 net developed acres and 11,548 net undeveloped acres in Yoakum Co… Read more
Ring Energy Inc (REI) - Net Assets
Latest net assets as of September 2025: $847.66 Million USD
Based on the latest financial reports, Ring Energy Inc (REI) has net assets worth $847.66 Million USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.43 Billion) and total liabilities ($587.02 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $847.66 Million |
| % of Total Assets | 59.08% |
| Annual Growth Rate | 96.63% |
| 5-Year Change | 191.3% |
| 10-Year Change | 361.06% |
| Growth Volatility | 384.59 |
Ring Energy Inc - Net Assets Trend (2006–2024)
This chart illustrates how Ring Energy Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Ring Energy Inc (2006–2024)
The table below shows the annual net assets of Ring Energy Inc from 2006 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $858.64 Million | +9.16% |
| 2023-12-31 | $786.58 Million | +18.98% |
| 2022-12-31 | $661.10 Million | +119.91% |
| 2021-12-31 | $300.62 Million | +1.99% |
| 2020-12-31 | $294.77 Million | -43.69% |
| 2019-12-31 | $523.51 Million | +13.17% |
| 2018-12-31 | $462.60 Million | +29.72% |
| 2017-12-31 | $356.60 Million | +22.74% |
| 2016-12-31 | $290.54 Million | +56.01% |
| 2015-12-31 | $186.23 Million | +30.65% |
| 2014-12-31 | $142.54 Million | +38.92% |
| 2013-12-31 | $102.61 Million | +291.63% |
| 2012-12-31 | $26.20 Million | +396.39% |
| 2011-12-31 | $5.28 Million | +465.61% |
| 2010-12-31 | $933.17K | -7.75% |
| 2009-12-31 | $1.01 Million | -27.39% |
| 2008-12-31 | $1.39 Million | +2466.48% |
| 2007-12-31 | $-58.87K | -1425.05% |
| 2006-12-31 | $4.44K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Ring Energy Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 5802398200.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $58.02 Million | 6.76% |
| Common Stock | $198.56K | 0.02% |
| Other Components | $800.42 Million | 93.22% |
| Total Equity | $858.64 Million | 100.00% |
Ring Energy Inc Competitors by Market Cap
The table below lists competitors of Ring Energy Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Huamei Holding
SHE:000607
|
$261.10 Million |
|
Silkroad Visual Technology Co Ltd
SHE:300556
|
$261.15 Million |
|
Zhejiang Chenfeng Science and Technology Co Ltd Class A
SHG:603685
|
$261.19 Million |
|
Ritek Corp
TW:2349
|
$261.22 Million |
|
Jiangsu Skyray Instrument Co
SHE:300165
|
$261.08 Million |
|
Dustin Group AB (publ)
PINK:DUSXF
|
$261.03 Million |
|
Winstek Semiconductor Co Ltd
TWO:3265
|
$260.79 Million |
|
Petpal Pet Nutrition Technology Co Ltd
SHE:300673
|
$260.76 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ring Energy Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 786,582,900 to 858,639,982, a change of 72,057,082 (9.2%).
- Net income of 67,470,314 contributed positively to equity growth.
- Share repurchases of 919,249 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $67.47 Million | +7.86% |
| Share Repurchases | $919.25K | -0.11% |
| Other Changes | $5.51 Million | +0.64% |
| Total Change | $- | 9.16% |
Book Value vs Market Value Analysis
This analysis compares Ring Energy Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.35x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 701.10x to 0.35x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | $0.00 | $1.48 | x |
| 2007-12-31 | $-0.02 | $1.48 | x |
| 2008-12-31 | $0.43 | $1.48 | x |
| 2009-12-31 | $0.29 | $1.48 | x |
| 2010-12-31 | $0.26 | $1.48 | x |
| 2011-12-31 | $0.63 | $1.48 | x |
| 2012-12-31 | $3.25 | $1.48 | x |
| 2013-12-31 | $6.27 | $1.48 | x |
| 2014-12-31 | $5.51 | $1.48 | x |
| 2015-12-31 | $6.61 | $1.48 | x |
| 2016-12-31 | $7.51 | $1.48 | x |
| 2017-12-31 | $6.75 | $1.48 | x |
| 2018-12-31 | $7.60 | $1.48 | x |
| 2019-12-31 | $7.84 | $1.48 | x |
| 2020-12-31 | $4.04 | $1.48 | x |
| 2021-12-31 | $2.48 | $1.48 | x |
| 2022-12-31 | $4.66 | $1.48 | x |
| 2023-12-31 | $4.03 | $1.48 | x |
| 2024-12-31 | $4.29 | $1.48 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ring Energy Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 7.86%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 18.42%
- • Asset Turnover: 0.26x
- • Equity Multiplier: 1.64x
- Recent ROE (7.86%) is above the historical average (-39.26%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | -636.21% | 0.00% | 0.00x | 4.92x | $-28.71K |
| 2007 | 0.00% | 0.00% | 0.00x | 0.00x | $-121.19K |
| 2008 | -8.91% | 0.00% | 0.00x | 1.00x | $-263.40K |
| 2009 | -33.02% | 0.00% | 0.00x | 1.02x | $-435.21K |
| 2010 | -8.40% | -948.35% | 0.01x | 1.01x | $-171.74K |
| 2011 | -6.07% | -12204.57% | 0.00x | 1.00x | $-848.06K |
| 2012 | -6.37% | -94.98% | 0.06x | 1.09x | $-4.29 Million |
| 2013 | -0.44% | -4.38% | 0.09x | 1.09x | $-10.71 Million |
| 2014 | 5.91% | 22.11% | 0.23x | 1.18x | $-5.83 Million |
| 2015 | -4.86% | -29.19% | 0.12x | 1.35x | $-27.68 Million |
| 2016 | -12.95% | -122.00% | 0.10x | 1.06x | $-66.69 Million |
| 2017 | 0.49% | 2.63% | 0.16x | 1.16x | $-33.91 Million |
| 2018 | 1.95% | 7.50% | 0.21x | 1.23x | $-37.26 Million |
| 2019 | 5.63% | 15.07% | 0.20x | 1.86x | $-22.85 Million |
| 2020 | -85.97% | -224.21% | 0.17x | 2.25x | $-282.89 Million |
| 2021 | 1.11% | 1.69% | 0.29x | 2.28x | $-26.74 Million |
| 2022 | 20.97% | 39.92% | 0.27x | 1.92x | $72.52 Million |
| 2023 | 13.33% | 29.04% | 0.26x | 1.75x | $26.21 Million |
| 2024 | 7.86% | 18.42% | 0.26x | 1.64x | $-18.39 Million |
Industry Comparison
This section compares Ring Energy Inc's net assets metrics with peer companies in the Oil & Gas E&P industry.
Industry Context
- Industry: Oil & Gas E&P
- Average net assets among peers: $1,751,793,864
- Average return on equity (ROE) among peers: -1.48%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ring Energy Inc (REI) | $847.66 Million | -636.21% | 0.69x | $261.10 Million |
| Advantage Energy Ltd. (AAVVF) | $1.33 Billion | 0.83% | 0.33x | $922.80 Million |
| ADX Energy Ltd (ADXRF) | $4.37 Million | -14.30% | 0.01x | $9.58 Million |
| ARC Resources Ltd. (AETUF) | $3.40 Billion | 7.09% | 0.69x | $10.30 Billion |
| Aminex PLC (AEXFF) | $7.53 Million | -11.90% | 0.27x | $77.17 Million |
| Aker BP ASA (AKRBF) | $12.69 Billion | 14.40% | 2.32x | $6.29 Billion |
| Arkanova Energy Corporation (AKVA) | $-35.51K | 0.00% | 0.00x | $4.92K |
| Allied Resources Inc (ALOD) | $2.39 Million | -3.81% | 0.14x | $428.76K |
| Altex Industries Inc (ALTX) | $2.60 Million | -10.61% | 0.15x | $1.08 Million |
| Alvopetro Energy Ltd (ALVOF) | $66.14 Million | -10.76% | 0.04x | $117.02 Million |
| AMEN Properties Inc (AMEN) | $15.55 Million | 14.30% | 0.08x | $4.94 Million |