RPC (RES) Inventory Turnover : 2.80 (As of Dec. 2023)

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What is RPC Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. RPC's Cost of Goods Sold for the three months ended in Dec. 2023 was $309 Mil. RPC's Average Total Inventories for the quarter that ended in Dec. 2023 was $110 Mil. RPC's Inventory Turnover for the quarter that ended in Dec. 2023 was 2.80.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. RPC's Days Inventory for the three months ended in Dec. 2023 was 32.63.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. RPC's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.28.

RPC Inventory Turnover Historical Data

The historical data trend for RPC's Inventory Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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RPC Inventory Turnover Chart

RPC Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

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9.44

6.27

9.09

13.30

11.52

RPC Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial															3.48	3.38	2.89	2.50	2.80

RPC Inventory Turnover Calculation

RPC's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	1197.642	/ (	(97.107	+	110.904)	/	2 )
=	1197.642	/	104.0055
=	11.52

RPC's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	308.806	/ (	(109.969	+	110.904)	/	2 )
=	308.806	/	110.4365
=	2.80

RPC (NYSE:RES) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

RPC's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	110.4365	/	308.806	*	365 / 4
	=	32.63

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

RPC's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	110.4365	/	394.531
	=	0.28

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

RPC Inventory Turnover Related Terms

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RPC (RES) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » RPC Inc (NYSE:RES) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

RLD:Germany

Address

2801 Buford Highway NE, Suite 300, Atlanta, GA, USA, 30329

Website

https://www.rpc.net

RPC Inc is an oilfield services company. It provides specialized oilfield services and equipment primarily to independent and major oil and gas companies engaged in the exploration, production, and development of oil and gas properties throughout the United States. The company's operating segment includes Technical Services and Support Services. It generates maximum revenue from the Technical Services segment. Technical Services segment consists primarily of pressure pumping, downhole tools, coiled tubing, snubbing, nitrogen, well control, wireline, and fishing. Support Services segment consists primarily of drill pipe and related tools, pipe handling, pipe inspection and storage services, and oilfield training and consulting services.

Executives

Gary W. Rollins Voting Trust U/a Dated September 14, 1994	10 percent owner	C/O RFA MANAGEMENT COMPANY, LLC, 1908 CLIFF VALLEY WAY, NE, ATLANTA GA 30329
Amy Rollins Kreisler	director	2801 BUFORD HIGHWAY, NE, SUITE 520, ATLANTA GA 30329
Timothy Curtis Rollins	director	2801 BUFORD HIGHWAY, NE, SUITE 520, ATLANTA GA 30329
Pam R Rollins	director	2170 PIEDMONT ROAD, ATLANTA GA 30324
Gary W Rollins	director, 10 percent owner	2170 PIEDMONT ROAD NE, ATLANTA GA 30324
Lor Inc	10 percent owner	C/O RFA MANAGEMENT COMPANY, LLC, 1908 CLIFF VALLEY WAY NE, ATLANTA GA 30329
Michael Schmit	officer: CFO and Corporate Secretary	3055 TORRINGTON DRIVE, BALL GROUND GA 30107
John F Wilson	director	2170 PIEDMONT ROAD, NE, ATLANTA GA 30324
Rollins Holding Company, Inc.	10 percent owner	C/O RFA MANAGEMENT COMPANY, LLC, 1908 CLIFF VALLEY WAY NE, ATLANTA GA 30329
Ben M Palmer	officer: VP, CFO and Treasurer	C/O MARINE PRODUCTS CORP, 2170 PIEDMONT RD, NE, ATLANTA GA 30324
Patrick J. Gunning	director	1958 CALDER COURT, DUNWOODY GA 30338
Susan R. Bell	director	852 CASTLE FALLS DR., ATLANTA GA 30329
Harry J Cynkus	director	2170 PIEDMONT RD, ATLANTA GA 30324
Jerry W Nix	director	2999 WILDWOOD PARKWAY, ATLANTA GA 30339
R. Randall Rollins 2012 Trust	10 percent owner	C/O RFA MANAGEMENT COMPANY, LLC, 1908 CLIFF VALLEY WAY, NE, ATLANTA GA 30329