RPC Inc (RES)

Return on equity (ROE)

		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 stockholders’ equity	US$ in thousands	1,022,510	857,735	641,791	631,567	830,333
ROE		19.08%	25.46%	1.12%	-33.60%	-10.49%

December 31, 2023 calculation

ROE = Net income ÷ Total stockholders’ equity
= $195,113K ÷ $1,022,510K
= 19.08%

The return on equity (ROE) for RPC, Inc. has fluctuated significantly over the past five years. In 2023, the ROE stands at 18.78%, showing a decrease from the previous year's 25.09%. This indicates that the company's profitability relative to its shareholder equity has slightly decreased.

The substantial improvement from 2021 to 2022, where ROE jumped from 1.11% to 25.09%, signifies a significant positive trend where the company efficiently utilized its equity to generate profits.

However, in 2020 and 2019, RPC, Inc. experienced negative ROE figures of -33.60% and -10.53% respectively, reflecting that the company's net income was inadequate to cover shareholder equity during those periods.

Overall, RPC, Inc.'s ROE trend suggests that the company has experienced volatility in its profitability and operational efficiency in recent years. Further analysis of the company's financial performance and operational strategies would be necessary to fully understand the factors influencing these fluctuations in ROE.