RPC Inc (RES)

Net profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	195,113	218,363	7,217	-212,192	-87,111
Revenue	US$ in thousands	1,627,900	1,610,970	874,713	607,747	1,225,850
Net profit margin		11.99%	13.55%	0.83%	-34.91%	-7.11%

December 31, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $195,113K ÷ $1,627,900K
= 11.99%

The net profit margin of RPC, Inc. has varied significantly over the past five years.

In 2023, the net profit margin stands at 11.87%, showing a decrease from the previous year's margin of 13.43%. This decline could indicate a decrease in profitability relative to revenue.

In 2022, the net profit margin was relatively healthy at 13.43%, showing an improvement from the prior year's margin of 0.82%. This increase suggests improved efficiency in cost management or revenue growth.

In 2021, the net profit margin was 0.82%, indicating a relatively low profitability level compared to the previous years. This could be a result of higher expenses relative to revenue.

In 2020, the net profit margin was negative at -35.47%, indicating that the company incurred losses during that period. This could be attributed to significant expenses exceeding revenue.

In 2019, the net profit margin was also negative at -7.15%, signaling another period of losses for the company. This might raise concerns about the company's financial sustainability and operational efficiency.

Overall, the fluctuating net profit margins of RPC, Inc. over the years suggest varying levels of profitability and financial performance, highlighting the importance of closely monitoring the company's financial health and implementing strategies to improve profitability.