MS-900 resources - Microsoft Dynamics 365 Fundamentals Updated: 2023

Description

Why this webcast is important:
The measurement of fast transient voltages is a relatively well-understood and documented procedure.  However, the measurement of fast transient currents presents a number of measurement challenges that make them much more difficult than measuring voltage transients.  Digital multi-meters (DMMs) and oscilloscopes using either shunt resistors or a current probe are the most common methods for measuring AC current, but they all have drawbacks:

1. DMMs have limited bandwidth and cannot reveal any details about dynamic current behavior

2. Oscilloscope shunt resistor techniques often introduce unacceptable voltage drops and noise, besides having limited dynamic range.

3. Oscilloscope current probes require degaussing and adjustment, and they cannot typically measure below a few microamps of current.

This webcast will review the above solutions and then explain new techniques and equipment that can support the measurement of transient currents into the nanoamp and picoamp range at 1 Ghz sampling rates and up to 200 MHz of bandwidth. While the primary focus of this webcast is on the characterization of devices and materials, many of the techniques to be discussed are general and can also be applied to other situations (such as component and module testing).

Who should view this webcast:
Engineers, scientists and researchers that need to make low-level transient current measurements would benefit from attending this webcast.

With its stock down 7.3% over the past three months, it is easy to disregard EOG Resources (NYSE:EOG). However, stock prices are usually driven by a company’s financial performance over the long term, which in this case looks quite promising. In this article, we decided to focus on EOG Resources' ROE.

Return on equity or ROE is an important factor to be considered by a shareholder because it tells them how effectively their capital is being reinvested. Simply put, it is used to assess the profitability of a company in relation to its equity capital.

Check out our latest analysis for EOG Resources

How To Calculate Return On Equity?

The formula for return on equity is:

Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity

So, based on the above formula, the ROE for EOG Resources is:

28% = US$7.9b ÷ US$28b (Based on the trailing twelve months to September 2023).

The 'return' is the profit over the last twelve months. Another way to think of that is that for every $1 worth of equity, the company was able to earn $0.28 in profit.

Why Is ROE Important For Earnings Growth?

Thus far, we have learned that ROE measures how efficiently a company is generating its profits. Based on how much of its profits the company chooses to reinvest or "retain", we are then able to evaluate a company's future ability to generate profits. Assuming everything else remains unchanged, the higher the ROE and profit retention, the higher the growth rate of a company compared to companies that don't necessarily bear these characteristics.

EOG Resources' Earnings Growth And 28% ROE

To begin with, EOG Resources has a pretty high ROE which is interesting. Additionally, a comparison with the average industry ROE of 24% also portrays the company's ROE in a good light. As a result, EOG Resources' remarkable 29% net income growth seen over the past 5 years is likely aided by its high ROE.

We then performed a comparison between EOG Resources' net income growth with the industry, which revealed that the company's growth is similar to the average industry growth of 31% in the same 5-year period.

Story continues

The basis for attaching value to a company is, to a great extent, tied to its earnings growth. It’s important for an investor to know whether the market has priced in the company's expected earnings growth (or decline). This then helps them determine if the stock is placed for a bright or bleak future. What is EOG worth today? The intrinsic value infographic in our free research report helps visualize whether EOG is currently mispriced by the market.

Is EOG Resources Making Efficient Use Of Its Profits?

EOG Resources' three-year median payout ratio to shareholders is 24%, which is quite low. This implies that the company is retaining 76% of its profits. This suggests that the management is reinvesting most of the profits to grow the business as evidenced by the growth seen by the company.

Additionally, EOG Resources has paid dividends over a period of at least ten years which means that the company is pretty serious about sharing its profits with shareholders. Looking at the current analyst consensus data, we can see that the company's future payout ratio is expected to rise to 48% over the next three years. Therefore, the expected rise in the payout ratio explains why the company's ROE is expected to decline to 20% over the same period.

Summary

On the whole, we feel that EOG Resources' performance has been quite good. In particular, it's great to see that the company is investing heavily into its business and along with a high rate of return, that has resulted in a sizeable growth in its earnings. Having said that, on studying current analyst estimates, we were concerned to see that while the company has grown its earnings in the past, analysts expect its earnings to shrink in the future. Are these analysts expectations based on the broad expectations for the industry, or on the company's fundamentals? Click here to be taken to our analyst's forecasts page for the company.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Core/Elective: Core
Credits: 1.0
Quarter Taught: Fall

Synopsis:
This course serves as a graduate entry-level introduction to the broad subject of Natural Resource Distribution. The course will introduce various natural resources (electricity, hydrocarbons, water, etc.), and explore the motivations and governance of its stakeholders, and detail its critical operations and optimization now and in the future. subjects covered will include stakeholder analysis, systems of governance, key infrastructure, the role and impact of digitalization, short and long term planning, and the implications of energy transition.

Course Objectives:

• Understand the overall goals, constraints and opportunities associated with natural resource distribution;
• Learn the key players, their motivations, business models, and systems of governance that impact them;
• Understand the hardware, software, tools, and terms of natural resource distribution;
• Assess the trade-off between key metrics ranging from economics to reliability, resiliency, and sustainability;
• Understand the impacts of renewable resources and the various issues and opportunities associated with their integration; and,
• Understand the implications of a grid edge that is becoming much more complex, and the role that others will have on its operations in the future

Crossref Citations

Correa, Sofía Nandong, Gaetan and Shadmehr, Mehdi 2021. Crises, Catharses, and Boiling Frogs: Path Dependence in Collective Action. SSRN Electronic Journal ,

Varley, Thomas F. and Kaminski, Patrick 2022. Untangling Synergistic Effects of Intersecting Social Identities with Partial Information Decomposition. Entropy, Vol. 24, Issue. 10, p. 1387.

Moore, Jack Murdoch Yan, Gang and Altmann, Eduardo G. 2022. Nonparametric Power-Law Surrogates. Physical Review X, Vol. 12, Issue. 2,

Bax, Eric Sarkar, Arundhyoti and Bax, Natalie 2022. Multiple Statistics: Marking Significance. p. 6590.

Ord, A. and Hobbs, B. E. 2023. The growth and size of orogenic gold systems: probability and dynamical behaviour. Australian Journal of Earth Sciences, Vol. 70, Issue. 7, p. 932.

Kondo, Illenin O. Lewis, Logan T. and Stella, Andrea 2023. Heavy tailed but not Zipf: Firm and establishment size in the United States. Journal of Applied Econometrics, Vol. 38, Issue. 5, p. 767.

Ashraf, Fahmidah U. and Islam, Mohammad H. 2023. Understanding the Challenges of Hydrological Analysis at Bridge Collapse Sites. Water, Vol. 15, Issue. 15, p. 2772.

OPEC on Monday said oil market fundamentals remained strong and blamed speculators for a drop in prices as it slightly raised its 2023 forecast for global oil demand growth and stuck to its relatively high 2024 prediction.

Oil has weakened to around $82 a barrel for Brent crude from a 2023 high in September near $98. Concern about economic growth and demand has pressured prices, despite support from supply cuts by OPEC and its allies, and conflict in the Middle East.

But the Organization of the Petroleum Exporting Countries in a monthly report said the market was healthy despite “exaggerated negative sentiments”, citing strong Chinese imports, minor downside risks to economic growth and a robust physical oil market.

“Recent data confirms robust major global growth trends and healthy oil market fundamentals,” OPEC said in a feature article at the start of its report.

“Oil prices have trended lower in accurate weeks, mainly driven by financial market speculators.”

In the report, OPEC nudged up its forecast for world oil demand growth in 2023 to 2.46 million barrels per day (bpd), up 20,000 bpd from the previous forecast. In 2024, OPEC sees demand rising by 2.25 million bpd, unchanged from last month.

A lifting of pandemic lockdowns in China has helped oil demand rise in 2023. OPEC has consistently forecast stronger demand growth for next year than other forecasters such as the International Energy Agency.

This is the last report before OPEC and its allies, known as OPEC+, meets on Nov. 26 to set policy. The group has been cutting production since late 2022 to support the market and its latest agreement calls for output curbs throughout 2024.

The OPEC report also said OPEC oil production rose in October despite the pledged supply cuts, driven by increases in Iran, Angola and Nigeria.

Iran, exempt from OPEC supply cuts because of U.S. sanctions, has been boosting output in 2023 in a trend that analysts say appears to be the result of Iran’s success in evading the sanctions and U.S. discretion in enforcing them.

Nigeria and Angola have been recovering from internal challenges that limited their output.

But in the feature article about the oil market’s underlying strength, OPEC observed that Nigeria’s oil output, as well as that of the 11 members subject to output limits, remained below their output targets.

OPEC also cited a strong physical crude markets as a further sign of market health.

“The robust physical crude market is further reflected in the strong crude differentials seen in almost all regions in October and continued in early November,” OPEC said.