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.
Peer comparison
Dec 31, 2023