RPC Inc (RES)

Gross profit margin

		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
Gross profit (ttm)	US$ in thousands	246,924	193,502	262,919	239,905	172,177	195,800	110,467	48,951	15,193	-10,230	-48,749	-84,875	-292,400	-309,433	-314,199	-268,527	282,305	700,318	1,231,306	1,765,925
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
Gross profit margin		15.17%	11.28%	14.25%	13.31%	10.69%	14.01%	9.49%	5.00%	1.74%	-1.36%	-7.54%	-15.52%	-48.11%	-44.60%	-36.31%	-23.72%	18.09%	33.72%	46.19%	54.44%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $246,924K ÷ $1,627,895K
= 15.17%

The gross profit margin of RPC, Inc. has shown a positive trend over the past eight quarters. There has been a consistent increase in the gross profit margin from Q1 2022 to Q3 2023, indicating an improvement in the company's ability to generate profit from its core operations. The highest gross profit margin was recorded in Q2 2023 at 35.15%, while the lowest was in Q1 2022 at 24.93%.

Overall, the trend suggests that RPC, Inc. has been able to effectively manage its cost of goods sold and increase the profitability of its products or services over time. This improvement in gross profit margin reflects positively on the company's operational efficiency and financial performance.