RPC Inc (RES)
Total 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 |
| Total assets | US$ in thousands | 1,386,490 | 1,330,600 | 1,325,250 | 1,297,230 | 1,314,520 | 1,247,370 | 1,228,190 | 1,187,830 | 1,129,010 | 1,055,580 | 965,079 | 891,168 | 864,365 | 826,640 | 790,206 | 800,073 | 790,505 | 800,877 | 782,868 | 869,132 |
| Total asset turnover | 1.02 | 1.11 | 1.11 | 1.17 | 1.23 | 1.37 | 1.49 | 1.51 | 1.42 | 1.31 | 1.20 | 1.09 | 1.00 | 0.90 | 0.81 | 0.67 | 0.76 | 0.86 | 1.10 | 1.30 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,414,999K ÷ $1,386,490K
= 1.02
Total asset turnover is a financial ratio that measures a company's ability to generate sales from its assets. The ratio is calculated by dividing a company's total revenue by its average total assets.
Analyzing the historical trend of RPC Inc's total asset turnover from March 31, 2020, to December 31, 2024, we observe fluctuations in the ratio. The total asset turnover ratio started at 1.30 in March 2020 and steadily decreased to 0.67 by March 2021, indicating a lower efficiency in generating sales from its assets during this period.
Subsequently, there was a slight recovery in total asset turnover to 1.20 by June 2022 and then a notable increase to 1.51 by March 2023, suggesting improved efficiency in asset utilization to generate sales.
However, the total asset turnover decreased to 1.02 by December 31, 2024, showing a decline in the company's ability to generate sales from its assets compared to the previous quarters.
Overall, fluctuations in total asset turnover indicate varying levels of efficiency in utilizing assets to generate revenue over the analyzed period. Further analysis of the underlying factors influencing this ratio would provide insights into RPC Inc's operational performance and financial health.
Peer comparison
Dec 31, 2024