Magnolia Oil & Gas Corp ROA - Return on Assets 2017-2024 | MGY
- Magnolia Oil & Gas Corp average return on assets for 2023 was 23.67, a 37% decline from 2022.
- Magnolia Oil & Gas Corp average return on assets for 2022 was 37.57, a 134.08% decline from 2021.
- Magnolia Oil & Gas Corp average return on assets for 2021 was 16.05, a 127.24% increase from 2020.
Roa - return on assets can be defined as an indicator of how profitable a company is relative to its total assets. Calculated by dividing a company's operating earnings by its total assets.