RPC's gross profit for the
three
months ended in Dec. 2023 was $86 Mil. RPC's gross profit for the trailing twelve months (TTM) ended in Dec. 2023 was $344 Mil.
Gross Margin % is calculated as gross profit divided by its revenue. RPC's gross profit for the
three
months ended in Dec. 2023 was $86 Mil. RPC's Revenue for the
three
months ended in Dec. 2023 was $395 Mil. Therefore, RPC's Gross Margin % for the quarter that ended in Dec. 2023 was 21.73%.
RPC had a gross margin of 21.73% for the quarter that ended in Dec. 2023 => Competition eroding margins
During the past 13 years, the highestGross Margin % of RPC was 26.88%. The lowest was -13.19%. And the median was 18.35%.
RPC Gross Profit Historical Data
The historical data trend for RPC's Gross Profit 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.
For the Oil & Gas Equipment & Services subindustry, RPC's Gross Profit, along with its competitors' market caps and Gross Profit data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
RPC's Gross Profit Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, RPC's Gross Profit distribution charts can be found below:
* The bar in red indicates where RPC's Gross Profit falls into.
RPC Gross Profit Calculation
Gross Profit is the different between the sale prices and the cost of buying or producing the goods.
RPC's Gross Profit for the fiscal year that ended in Dec. 2023 is calculated as
Gross Profit for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $344 Mil.
Gross Profit is the numerator in the calculation of Gross Margin.
RPC's Gross Margin % for the quarter that ended in Dec. 2023 is calculated as
* 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.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
RPC (NYSE:RES) Gross Profit Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
RPC had a gross margin of 21.73% for the quarter that ended in Dec. 2023 => Competition eroding margins
RPC Gross Profit Related Terms
Thank you for viewing the detailed overview of RPC's Gross Profit provided by GuruFocus.com. Please click on the following links to see related term pages.
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.
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