RPC Inc (RES)

Total asset turnover

		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
Revenue (ttm)	US$ in thousands	1,627,895	1,715,915	1,844,822	1,803,105	1,610,973	1,397,875	1,163,741	978,423	874,713	753,085	646,296	546,954	607,765	693,795	865,222	1,132,284	1,560,510	2,076,983	2,665,602	3,243,666
Total assets	US$ in thousands	1,286,840	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	1,053,220	1,109,860	1,223,970	1,226,490
Total asset turnover		1.27	1.38	1.50	1.52	1.43	1.32	1.21	1.10	1.01	0.91	0.82	0.68	0.77	0.87	1.11	1.30	1.48	1.87	2.18	2.64

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,627,895K ÷ $1,286,840K
= 1.27

RPC, Inc.'s total asset turnover has displayed fluctuations over the past eight quarters. The ratio measures the efficiency of the company in generating revenue from its total assets. The trend shows an increasing pattern from Q1 2022 to Q2 2023, indicating improvements in asset utilization. The highest turnover was recorded in Q2 2023 at 1.49, suggesting the company generated $1.49 in sales for every dollar of assets. However, Q3 and Q4 2023 saw a slight decrease in the total asset turnover, indicating a potential slowdown in revenue generation relative to the total assets held. Overall, the company's ability to generate sales from its assets has shown positive performance, with some fluctuations observed over the quarters.