RPC Inc (RES)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 244,950 | 308,057 | 377,516 | 355,562 | 287,940 | 195,678 | 111,482 | 49,847 | 16,291 | -25,413 | -65,139 | -101,449 | -309,635 | -315,864 | -376,751 | -330,834 | -114,288 | -66,763 | 80,429 | 147,071 |
| 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 |
| Operating profit margin | 15.05% | 17.95% | 20.46% | 19.72% | 17.87% | 14.00% | 9.58% | 5.09% | 1.86% | -3.37% | -10.08% | -18.55% | -50.95% | -45.53% | -43.54% | -29.22% | -7.32% | -3.21% | 3.02% | 4.53% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $244,950K ÷ $1,627,895K
= 15.05%
The operating profit margin of RPC, Inc. has shown a generally positive trend over the past eight quarters. The margin has exhibited growth, increasing from 13.39% in Q3 2022 to 15.70% in Q4 2023, indicating improved operational efficiency and profitability. This upward trajectory suggests that the company has been effectively managing its operating expenses and generating more profit from its core business activities.
The operating profit margin peaked at 21.19% in Q2 2023, reflecting a significant improvement in profitability during that period. However, it slightly decreased in the following quarters but remained relatively high at above 15%, demonstrating the company's ability to maintain healthy margins.
The consistent increase in the operating profit margin over time indicates the company's ability to control costs, increase revenue, and enhance overall operating performance. This trend is generally favorable for investors and stakeholders as it suggests improved financial health and efficiency within RPC, Inc.'s operations.
Peer comparison
Dec 31, 2023