RPC Inc (RES)

Return on equity (ROE)

		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 stockholders’ equity	US$ in thousands	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	830,333	855,175	921,675	927,863
ROE		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%	-10.49%	-5.89%	7.46%	13.21%

December 31, 2023 calculation

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

RPC, Inc.'s return on equity (ROE) has shown a generally positive trend over the last eight quarters, increasing steadily from 4.85% in Q1 2022 to a peak of 29.34% in Q2 2023. This indicates that the company has been effectively generating profits from the equity invested by shareholders. The significant improvement in ROE reflects the company's ability to efficiently utilize its equity to generate earnings for shareholders. However, it is essential to monitor future performance to ensure this positive trend is sustained and evaluate the factors driving these ROE fluctuations.