RPC Inc (RES)

Payables turnover

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Cost of revenue US$ in thousands 1,036,650 1,197,640 1,171,130 735,948 576,269
Payables US$ in thousands — — — — —
Payables turnover — — — — —

December 31, 2024 calculation

Payables turnover = Cost of revenue ÷ Payables
= $1,036,650K ÷ $—K
= —

The payables turnover ratio for RPC Inc is not available for the years December 31, 2020 to December 31, 2024 as indicated by the data provided. This means that we are unable to assess how efficiently the company is managing its accounts payable during those periods. It's important to note that the payables turnover ratio is a key metric in evaluating a company's ability to manage its short-term liabilities, so the lack of this data may limit our ability to fully analyze RPC Inc's financial performance in terms of its payables management.