RPC Inc (RES)

Fixed asset turnover

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Revenue (ttm)	US$ in thousands	1,414,999	1,474,169	1,466,934	1,518,639	1,617,474	1,704,973	1,834,157	1,793,806	1,601,762	1,387,984	1,153,693	966,943	864,929	745,314	636,592	537,135	598,302	685,662	862,314	1,131,530
Property, plant and equipment	US$ in thousands	—	—	—	—	—	463,004	415,319	375,461	361,957	334,364	314,115	257,137	299,307	295,918	274,717	257,309	264,411	275,124	278,358	295,262
Fixed asset turnover		—	—	—	—	—	3.68	4.42	4.78	4.43	4.15	3.67	3.76	2.89	2.52	2.32	2.09	2.26	2.49	3.10	3.83

December 31, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,414,999K ÷ $—K
= —

The fixed asset turnover ratio for RPC Inc has shown fluctuating trends over the past few quarters. The ratio was 3.83 as of March 31, 2020, indicating that the company generated $3.83 in sales for each dollar invested in fixed assets.

However, the ratio decreased gradually over the next few quarters, reaching a low of 2.09 as of March 31, 2021. This suggests that the company's fixed assets were not being efficiently utilized to generate revenue during this period.

Subsequently, there was a slight improvement in the ratio, with values ranging between 2.32 and 3.76 from June 30, 2021, to March 31, 2022. This improvement indicates that RPC Inc was able to enhance its fixed asset utilization efficiency during this period.

The ratio further increased significantly to 4.78 as of March 31, 2023, demonstrating a substantial improvement in the company's ability to generate sales from its fixed assets. However, the ratio dropped to 3.68 by September 30, 2023, before the data became unavailable for the subsequent quarters.

Overall, the varying trend in the fixed asset turnover ratio for RPC Inc indicates fluctuations in the company's efficiency in generating sales from its fixed assets. A higher ratio is typically preferred as it suggests that the company is effectively utilizing its fixed assets to drive revenue growth.