Nordic American Tankers (Nordic American Tankers) 3-Year Revenue Growth Rate : -7.60% (As of Dec. 2023)

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What is Nordic American Tankers 3-Year Revenue Growth Rate?

Nordic American Tankers's Revenue per Share for the three months ended in Dec. 2023 was $0.44.

During the past 12 months, Nordic American Tankers's average Revenue per Share Growth Rate was 11.70% per year. During the past 3 years, the average Revenue per Share Growth Rate was -7.60% per year. During the past 5 years, the average Revenue per Share Growth Rate was -5.40% per year. During the past 10 years, the average Revenue per Share Growth Rate was -10.90% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average Revenue per Share growth rate.

During the past 13 years, the highest 3-Year average Revenue per Share Growth Rate of Nordic American Tankers was 103.50% per year. The lowest was -33.90% per year. And the median was -1.85% per year.

Competitive Comparison of Nordic American Tankers's 3-Year Revenue Growth Rate

For the Marine Shipping subindustry, Nordic American Tankers's 3-Year Revenue Growth Rate, along with its competitors' market caps and 3-Year Revenue Growth Rate data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Nordic American Tankers's 3-Year Revenue Growth Rate Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Nordic American Tankers's 3-Year Revenue Growth Rate distribution charts can be found below:

* The bar in red indicates where Nordic American Tankers's 3-Year Revenue Growth Rate falls into.

Nordic American Tankers 3-Year Revenue Growth Rate Calculation

This is the 3-year average growth rate of Revenue per Share. The growth rate is calculated using exponential compounding based on the latest four year annual data.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average Revenue per Share growth rate.

Nordic American Tankers (NYSE:NAT) 3-Year Revenue Growth Rate Explanation

Revenue per Share is the amount of Revenue per outstanding share of the company's stock.

Revenue is income that a company receives from its normal business activities, usually from the sale of goods and services to customers. Revenue is often referred to as the "top line" due to its position on the income statement at the very top. Revenue per share growth rate is used in calculating Predictability Rank, companies with more consistent revenue and earnings growth are ranked high with predictability.

Nordic American Tankers 3-Year Revenue Growth Rate Related Terms

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Nordic American Tankers (Nordic American Tankers) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Nordic American Tankers Ltd (NYSE:NAT) » Definitions » 3-Year Revenue Growth Rate

Comparable Companies

Traded in Other Exchanges

B30:Germany B3O:Germany

Address

26 Victoria Street, Swan Building, Hamilton, BMU, HM 12

Website

https://www.nat.bm

Nordic American Tankers Ltd owns and operates double hull crude oil tankers. It is an international tanker company that owns double-hull Suezmax tankers. It operates vessels in the spot market or on spot market-related charters pursuant to cooperative arrangements with third parties. The company's fleet consists of crude oil tankers, and all of its vessels are employed in the spot market. The company has only one type of vessel - Suezmax crude oil tankers. It operates in markets that are very competitive and based mainly on supply and demand.