• Magnolia Oil & Gas Corp average return on equity for 2023 was 35.12, a 43.23% decline from 2022.
• Magnolia Oil & Gas Corp average return on equity for 2022 was 61.86, a 121.56% decline from 2021.
• Magnolia Oil & Gas Corp average return on equity for 2021 was 27.92, a 130.74% increase from 2020.

Roe - return on equity can be defined as the amount of net income returned as a percentage of shareholders equity. Return on equity measures a corporation's profitability by revealing how much profit a company generates with the money shareholders have invested.