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Taxonomy & unit
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us-gaap: USD
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Description
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The amount of expense recognized in the current period that reflects the allocation of the cost of tangible assets over the assets' useful lives. Includes production and non-production related depreciation.
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Summary
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Ring Energy, Inc. quarterly/annual Depreciation history and growth rate from 2012 to 2023.
- Ring Energy, Inc. Depreciation for the quarter ending March 31, 2024 was $102 K, a 3.01% decline year-over-year.
- Ring Energy, Inc. Depreciation for the twelve months ending March 31, 2024 was $361 K, a 33.3% increase year-over-year.
- Ring Energy, Inc. annual Depreciation for 2023 was $364 K, a 77.1% increase from 2022.
- Ring Energy, Inc. annual Depreciation for 2022 was $206 K, a 64.5% increase from 2021.
- Ring Energy, Inc. annual Depreciation for 2021 was $125 K, a 66.8% decline from 2020.
Depreciation, Trailing 12 Months (USD)
Depreciation, Annual (USD)
Depreciation, YoY Annual Growth (%)