RPC Inc (RES)
Payables 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 1,134,019 | 1,192,577 | 1,177,508 | 1,174,880 | 1,197,642 | 1,219,923 | 1,283,182 | 1,272,204 | 1,171,132 | 1,059,585 | 917,581 | 800,255 | 735,948 | 652,303 | 583,103 | 519,028 | 576,269 | 657,578 | 807,982 | 1,016,341 |
| Payables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
December 31, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $1,134,019K ÷ $—K
= —
Based on the provided data, the payables turnover ratio for RPC Inc is not available for any of the reported periods from March 31, 2020, to December 31, 2024.
The payables turnover ratio is typically used to assess how efficiently a company is managing its trade credit by measuring how quickly it pays its suppliers. A higher payables turnover ratio indicates that the company is paying its payables more frequently, which can signify strong liquidity or good relationships with suppliers. On the other hand, a low payables turnover ratio may suggest inefficiencies in managing payables or potential liquidity issues.
Without specific values for the payables turnover ratio over time, it is challenging to evaluate RPC Inc's performance in managing its payables effectively. Additional information or data points would be required to conduct a more in-depth analysis of the company's payables turnover and its implications for the business.
Peer comparison
Dec 31, 2024