Tourmaline Financial Statements From 2010 to 2024
| TRMLF Stock | USD 47.45 0.34 0.72% |
Check Tourmaline Oil financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Tourmaline Oil's main balance sheet or income statement drivers, such as , as well as many indicators such as . Tourmaline financial statements analysis is a perfect complement when working with Tourmaline Oil Valuation or Volatility modules.
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Tourmaline Oil Corp Company Return On Equity Analysis
Tourmaline Oil's Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how efficiently a company utilizes investments to generate income.
Current Tourmaline Oil Return On Equity | 0.44 |
Most of Tourmaline Oil's fundamental indicators, such as Return On Equity, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Tourmaline Oil Corp is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.
For most industries, Return on Equity between 10% and 30% are considered desirable to provide dividends to owners and have funds for the future growth of the company. Investors should be very careful using ROE as the only efficiency indicator because ROE can be high if a company is heavily leveraged.
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Based on the latest financial disclosure, Tourmaline Oil Corp has a Return On Equity of 0.4386. This is 122.15% lower than that of the Oil, Gas & Consumable Fuels sector and 75.36% lower than that of the Energy industry. The return on equity for all United States stocks is notably lower than that of the firm.
Tourmaline Oil Corp Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Tourmaline Oil's current stock value. Our valuation model uses many indicators to compare Tourmaline Oil value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Tourmaline Oil competition to find correlations between indicators driving Tourmaline Oil's intrinsic value. More Info.Tourmaline Oil Corp is currently regarded as top stock in return on equity category among its peers. It also is currently regarded as top stock in return on asset category among its peers reporting about 0.58 of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Tourmaline Oil Corp is roughly 1.74 . The reason why the comparable model can be used in almost all circumstances is due to the vast number of multiples that can be utilized, such as the price-to-earnings (P/E), price-to-book (P/B), price-to-sales (P/S), price-to-cash flow (P/CF), and many others. The P/E ratio is the most commonly used of these ratios because it focuses on the Tourmaline Oil's earnings, one of the primary drivers of an investment's value.About Tourmaline Oil Financial Statements
Tourmaline Oil stakeholders use historical fundamental indicators, such as Tourmaline Oil's revenue or net income, to determine how well the company is positioned to perform in the future. Although Tourmaline Oil investors may analyze each financial statement separately, they are all interrelated. For example, changes in Tourmaline Oil's assets and liabilities are reflected in the revenues and expenses on Tourmaline Oil's income statement, which ultimately affect the company's gains or losses. Understanding these patterns can help in making the right long-term investment decisions in Tourmaline Oil Corp. Please read more on our technical analysis and fundamental analysis pages.
Tourmaline Oil Corp. acquires, explores for, develops, and produces oil and natural gas properties in the Western Canadian Sedimentary Basin. The company was incorporated in 2008 and is headquartered in Calgary, Canada. TOURMALINE OIL operates under Oil Gas EP classification in the United States and is traded on OTC Exchange. It employs 322 people.
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Other Information on Investing in Tourmaline Pink Sheet
Tourmaline Oil financial ratios help investors to determine whether Tourmaline Pink Sheet is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Tourmaline with respect to the benefits of owning Tourmaline Oil security.