RPC Inc (RES)
Return on equity (ROE)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 91,444 | 118,941 | 118,462 | 151,056 | 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 |
| Total stockholders’ equity | US$ in thousands | 1,078,290 | 1,072,340 | 1,059,760 | 1,033,290 | 1,022,510 | 997,756 | 987,402 | 927,695 | 857,735 | 773,410 | 706,662 | 657,768 | 641,791 | 630,783 | 624,134 | 623,176 | 631,567 | 637,555 | 648,653 | 671,235 |
| ROE | 8.48% | 11.09% | 11.18% | 14.62% | 19.08% | 24.24% | 29.66% | 29.62% | 25.46% | 18.58% | 11.27% | 4.86% | 1.12% | -2.44% | -5.94% | -9.86% | -33.60% | -35.34% | -42.87% | -36.77% |
December 31, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $91,444K ÷ $1,078,290K
= 8.48%
Return on equity (ROE) is a financial ratio that measures a company's profitability relative to its shareholder equity. The data provided for RPC Inc shows a fluctuating trend in ROE over the specified periods.
From March 31, 2020, to December 31, 2021, RPC Inc experienced negative ROE figures, indicating that the company was not generating sufficient profits relative to its shareholders' equity during this period. However, starting from March 31, 2022, the ROE turned positive and showed a consistent increase over the following quarters, reaching a peak of 29.66% on June 30, 2023.
This improvement in ROE from Q1 2022 to Q2 2023 suggests that RPC Inc effectively utilized its equity to generate higher profits for shareholders. The decreasing trend in ROE observed from September 30, 2023, to December 31, 2024 indicates a slight decline in profitability, but the ROE figures remained positive during this period.
Overall, the positive ROE figures from Q1 2022 onward demonstrate that RPC Inc has been able to strengthen its profitability and generate a higher return for shareholders compared to the earlier periods of negative ROE. It is essential for investors and stakeholders to monitor this ratio to assess the company's ability to generate profits from its equity base effectively.
Peer comparison
Dec 31, 2024