RPC Inc (RES)

Net 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
Net income (ttm)	US$ in thousands	195,113	241,859	292,882	274,808	218,363	143,697	79,623	31,958	7,217	-15,361	-37,064	-61,431	-212,192	-225,315	-278,059	-246,795	-87,111	-50,387	68,761	122,533
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
Net profit margin		11.99%	14.10%	15.88%	15.24%	13.55%	10.28%	6.84%	3.27%	0.83%	-2.04%	-5.73%	-11.23%	-34.91%	-32.48%	-32.14%	-21.80%	-5.58%	-2.43%	2.58%	3.78%

December 31, 2023 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $195,113K ÷ $1,627,895K
= 11.99%

The net profit margin of RPC, Inc. has shown positive trend over the quarters analyzed. The company's net profit margin has been fluctuating between 3.30% and 15.79% over the past eight quarters. There has been a notable increase in the net profit margin from Q1 2022 to Q2 2023, indicating improving profitability. The highest net profit margin was recorded in Q2 2023 at 15.79%, which suggests that the company was able to generate more profit relative to its revenue during that period. Overall, the trend in RPC, Inc.'s net profit margin indicates an improving financial performance, with generally increasing profitability over the quarters analyzed.