RPC Inc (RES)

Return on assets (ROA)

		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
Total assets	US$ in thousands	1,286,840	1,247,370	1,228,190	1,187,830	1,129,010	1,055,580	965,079	891,168	864,365	826,640	790,206	800,073	790,505	800,877	782,868	869,132	1,053,220	1,109,860	1,223,970	1,226,490
ROA		15.16%	19.39%	23.85%	23.14%	19.34%	13.61%	8.25%	3.59%	0.83%	-1.86%	-4.69%	-7.68%	-26.84%	-28.13%	-35.52%	-28.40%	-8.27%	-4.54%	5.62%	9.99%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $195,113K ÷ $1,286,840K
= 15.16%

Based on the data presented, RPC, Inc.'s return on assets (ROA) has shown fluctuating trends over the past eight quarters. The ROA has generally been on an upward trajectory since Q1 2022, starting at a comparatively lower level of 3.58% and peaking at 23.59% in Q2 2023. This indicates an improvement in the company's ability to generate profits relative to its total assets during this period.

The increasing trend in ROA suggests that RPC, Inc. has been utilizing its assets more efficiently to generate earnings for its stakeholders. However, it is essential to consider the reasons behind the fluctuations in ROA across quarters to assess the sustainability of this performance.

Overall, the recent higher ROA figures indicate that RPC, Inc. has been more effective in managing its assets and generating returns for its shareholders compared to previous periods. Investors and stakeholders may find this improvement in ROA as a positive indicator of the company's financial health and operational efficiency.