RPC Inc (RES)

Number of days of payables

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Payables turnover		16.24	11.73	12.46	9.42	8.27	8.20	10.31	12.08	11.55	10.06	10.17	7.93	18.24	21.48	55.94	19.84	24.05	16.62	11.68	13.45
Number of days of payables	days	22.48	31.11	29.30	38.73	44.11	44.50	35.41	30.23	31.60	36.27	35.89	46.02	20.01	17.00	6.52	18.40	15.18	21.96	31.24	27.14

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 16.24
= 22.48

The number of days of payables for RPC, Inc. has fluctuated over the past year. In Q4 2023, the company took an average of 28.49 days to pay its suppliers, showing a slight improvement from the previous quarter where it took 28.84 days. This indicates that the company is managing its payables efficiently.

Comparing the current year to the previous year, it is evident that RPC, Inc. has made significant progress in managing its payables. In Q4 2022, the company took an average of 38.65 days to pay its suppliers, showing a remarkable decrease to 28.49 days in Q4 2023. This improvement suggests that the company has become more efficient in managing its working capital and cash flow.

Overall, the trend in the number of days of payables for RPC, Inc. indicates a positive development in managing its payables, which is crucial for maintaining a healthy financial position and liquidity.