RPC Inc (RES)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,415,000 | 1,617,470 | 1,601,760 | 864,929 | 598,302 |
| Property, plant and equipment | US$ in thousands | — | — | 361,957 | 299,307 | 264,411 |
| Fixed asset turnover | — | — | 4.43 | 2.89 | 2.26 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $1,415,000K ÷ $—K
= —
The fixed asset turnover ratio for RPC Inc has shown a consistent upward trend over the years, increasing from 2.26 in December 31, 2020 to 4.43 in December 31, 2022. This indicates that the company is generating more revenue relative to its investment in fixed assets. The significant improvement in the turnover ratio suggests that RPC Inc is utilizing its fixed assets more efficiently to generate sales. However, the absence of data for December 31, 2023 and 2024 makes it challenging to assess the trend further. Overall, the increasing fixed asset turnover ratio reflects positively on the company's operational efficiency and resource utilization.
Peer comparison
Dec 31, 2024