RPC Inc (RES)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 91,444 | 195,113 | 218,363 | 7,217 | -212,192 |
| Total assets | US$ in thousands | 1,386,490 | 1,286,840 | 1,129,010 | 864,365 | 790,505 |
| ROA | 6.60% | 15.16% | 19.34% | 0.83% | -26.84% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $91,444K ÷ $1,386,490K
= 6.60%
RPC Inc's return on assets (ROA) has displayed significant fluctuations over the past 5 years. In December 31, 2020, the ROA was -26.84%, indicating that the company generated negative returns relative to its assets. However, the following year, by December 31, 2021, RPC Inc managed to improve its performance, achieving an ROA of 0.83%, thus turning the negative trend around.
By December 31, 2022, RPC Inc's ROA experienced a notable increase to 19.34%, signaling a substantial improvement in the company's ability to generate profits from its assets. The positive momentum continued into December 31, 2023, with an ROA of 15.16%, albeit slightly lower than the previous year.
In the most recent period on December 31, 2024, RPC Inc's ROA stood at 6.60%, indicating a decline compared to the previous years but still showing a positive return on assets. Overall, the trend suggests that the company has made significant progress in optimizing its asset utilization and profitability, although more consistent performance would be desirable for long-term sustainability.
Peer comparison
Dec 31, 2024