Trican Financial Statements From 2010 to 2024
TOLWF Stock | USD 3.46 0.07 1.98% |
Check Trican Well financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Trican Well's main balance sheet or income statement drivers, such as , as well as many indicators such as . Trican financial statements analysis is a perfect complement when working with Trican Well Valuation or Volatility modules.
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Trican Well Service Company Return On Equity Analysis
Trican Well'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 Trican Well Return On Equity | 0.13 |
Most of Trican Well'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, Trican Well Service 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, Trican Well Service has a Return On Equity of 0.1284. This is 106.48% lower than that of the Energy Equipment & Services sector and 100.74% lower than that of the Energy industry. The return on equity for all United States stocks is 141.42% lower than that of the firm.
Trican Well Service Fundamental Drivers Relationships
Comparative valuation techniques use various fundamental indicators to help in determining Trican Well's current stock value. Our valuation model uses many indicators to compare Trican Well value to that of its competitors to determine the firm's financial worth. You can analyze the relationship between different fundamental ratios across Trican Well competition to find correlations between indicators driving Trican Well's intrinsic value. More Info.Trican Well Service is rated third in return on equity category among its peers. It is currently regarded as top stock in return on asset category among its peers reporting about 0.60 of Return On Asset per Return On Equity. The ratio of Return On Equity to Return On Asset for Trican Well Service is roughly 1.67 . 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 Trican Well's earnings, one of the primary drivers of an investment's value.About Trican Well Financial Statements
Trican Well stakeholders use historical fundamental indicators, such as Trican Well's revenue or net income, to determine how well the company is positioned to perform in the future. Although Trican Well investors may analyze each financial statement separately, they are all interrelated. For example, changes in Trican Well's assets and liabilities are reflected in the revenues and expenses on Trican Well'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 Trican Well Service. Please read more on our technical analysis and fundamental analysis pages.
Trican Well Service Ltd., an equipment services company, provides various specialized products, equipment, services, and technology for use in the drilling, completion, stimulation, and reworking of oil and gas wells in Canada. Trican Well Service Ltd. was incorporated in 1979 and is headquartered in Calgary, Canada. TRICAN WELL operates under Oil Gas Equipment Services classification in the United States and is traded on OTC Exchange. It employs 1032 people.
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Other Information on Investing in Trican Pink Sheet
Trican Well financial ratios help investors to determine whether Trican 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 Trican with respect to the benefits of owning Trican Well security.