RPC Inc (RES)
Return on assets (ROA)
| 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 |
| Total assets | US$ in thousands | 1,286,840 | 1,129,010 | 864,365 | 790,505 | 1,053,220 |
| ROA | 15.16% | 19.34% | 0.83% | -26.84% | -8.27% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $195,113K ÷ $1,286,840K
= 15.16%
The return on assets (ROA) for RPC, Inc. has varied significantly over the past five years. In 2023, the ROA stood at 14.92%, indicating that the company generated a return of approximately 14.92 cents on every dollar of assets. This is a decrease from the previous year when the ROA was 19.06%, suggesting a slight decline in the company's efficiency in generating profits from its assets.
The significant improvement in ROA from 2021 to 2022, where the ROA increased from 0.82% to 19.06%, reflects a substantial enhancement in the company's ability to utilize its assets more effectively to generate profits.
However, in 2020 and 2019, RPC, Inc. incurred negative ROA figures of -26.84% and -8.30% respectively, indicating that the company experienced losses during those years in relation to its total assets.
Overall, the ROA trend for RPC, Inc. shows volatility, with significant fluctuations over the five-year period. Investors and stakeholders may want to closely monitor the company's future performance to assess its ability to generate profits relative to its asset base.
Peer comparison
Dec 31, 2023