RPC Inc (RES)
Total 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 |
| Total assets | US$ in thousands | 1,386,490 | 1,286,840 | 1,129,010 | 864,365 | 790,505 |
| Total asset turnover | 1.02 | 1.26 | 1.42 | 1.00 | 0.76 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $1,415,000K ÷ $1,386,490K
= 1.02
Total asset turnover for RPC Inc has shown a notable improvement over the past five years, increasing from 0.76 in December 31, 2020, to 1.02 in December 31, 2024. This indicates that the company is generating more revenue for each dollar of assets invested, reflecting increased efficiency in asset utilization. The significant increase in total asset turnover from 2020 to 2024 suggests that RPC Inc has been able to enhance its operational performance and leverage its assets more effectively to drive sales. However, there was a slight dip in 2023, but the overall trend remains positive. This improvement in total asset turnover is a positive sign for investors and indicates that the company is making efficient use of its assets to generate revenue.
Peer comparison
Dec 31, 2024