RPC Inc (RES)

Return on total capital

		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
Earnings before interest and tax (EBIT) (ttm)	US$ in thousands	256,584	317,574	385,041	359,965	290,246	197,134	113,139	51,927	18,377	-22,629	-62,020	-100,373	-309,058	-315,963	-378,403	-330,532	-112,767	-65,422	83,595	154,258
Long-term debt	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
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
Return on total capital		25.09%	31.83%	39.00%	38.80%	33.84%	25.49%	16.01%	7.89%	2.86%	-3.59%	-9.94%	-16.11%	-48.94%	-49.56%	-58.34%	-49.24%	-13.58%	-7.65%	9.07%	16.63%

December 31, 2023 calculation

Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $256,584K ÷ ($—K + $1,022,510K)
= 25.09%

RPC, Inc.'s return on total capital has shown a positive trend over the past eight quarters. The company's return on total capital has been consistently increasing, starting at 5.51% in Q1 2022 and reaching a peak of 39.57% in Q1 2023. This indicates that the company has been effectively utilizing its capital to generate profits and create value for its shareholders. The significant improvement in return on total capital reflects positively on RPC, Inc.'s financial performance and efficiency in utilizing its resources to generate returns.