As of June 20, 2025, RigNet Inc (RNET) reports a ROA (Return on Assets) of -25.06%.
ROA (Return on Assets) evaluates how effectively a company turns its assets into profits, showcasing resource utilization.
Historical Trend of RigNet Inc's ROA (Return on Assets)
Over recent years, RigNet Inc's ROA (Return on Assets) has shown a stable trend. The table below summarizes the historical values:
| Date | ROA (Return on Assets) |
|---|---|
| 2020-12-31 | -25.06% |
| 2019-12-31 | -7.63% |
| 2018-12-31 | -24.12% |
| 2017-12-31 | -7.03% |
| 2016-12-31 | -4.98% |
This slight downward trend highlights how RigNet Inc manages its efficiency in using assets to generate earnings over time.
Comparing RigNet Inc's ROA (Return on Assets) to Peers
To better understand RigNet Inc's position, it's useful to compare its ROA (Return on Assets) against industry peers. Below are selected comparisons:
| Company | ROA (Return on Assets) |
|---|---|
| RigNet Inc (RNET) | -25.06% |
| High Arctic Energy Services Inc (HWO.TO) | 91.33% |
| Nuverra Environmental Solutions Inc (NES) | 38.78% |
| FTS International Inc (FTSI) | 34.75% |
| Liandi Clean Technology Inc (LNDT) | 25.54% |
| Pason Systems Inc (PSI.TO) | 19.77% |
Compared to its competitors, RigNet Inc's ROA (Return on Assets) is among the lowest compared to peers, suggesting potential inefficiency in asset utilization.