RPC Receivables Turnover vs Income Tax Expense Analysis

RES Stock  USD 7.81  0.06  0.76%   
RPC financial indicator trend analysis is much more than just breaking down RPC Inc prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether RPC Inc is a good investment. Please check the relationship between RPC Receivables Turnover and its Income Tax Expense accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in RPC Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income.

Receivables Turnover vs Income Tax Expense

Receivables Turnover vs Income Tax Expense Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of RPC Inc Receivables Turnover account and Income Tax Expense. At this time, the significance of the direction appears to have no relationship.
The correlation between RPC's Receivables Turnover and Income Tax Expense is 0.06. Overlapping area represents the amount of variation of Receivables Turnover that can explain the historical movement of Income Tax Expense in the same time period over historical financial statements of RPC Inc, assuming nothing else is changed. The correlation between historical values of RPC's Receivables Turnover and Income Tax Expense is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Receivables Turnover of RPC Inc are associated (or correlated) with its Income Tax Expense. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Income Tax Expense has no effect on the direction of Receivables Turnover i.e., RPC's Receivables Turnover and Income Tax Expense go up and down completely randomly.

Correlation Coefficient

0.06
Relationship DirectionPositive 
Relationship StrengthInsignificant

Receivables Turnover

Income Tax Expense

Most indicators from RPC's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into RPC Inc current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in RPC Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income.
At this time, RPC's Tax Provision is comparatively stable compared to the past year. Enterprise Value Over EBITDA is likely to gain to 3.93 in 2024, whereas Selling General Administrative is likely to drop slightly above 131.1 M in 2024.
 2021 2022 2023 2024 (projected)
Interest Expense1.9M614K341K324.0K
Depreciation And Amortization72.5M83.7M108.1M77.5M

RPC fundamental ratios Correlations

0.620.830.820.940.820.270.940.070.850.190.070.9-0.220.730.940.29-0.730.80.730.910.460.820.630.530.64
0.620.730.690.320.670.830.32-0.460.63-0.07-0.460.710.120.940.470.45-0.210.910.280.490.350.730.050.980.08
0.830.730.950.660.790.560.67-0.250.8-0.09-0.250.910.20.810.730.25-0.550.90.390.770.280.930.510.720.52
0.820.690.950.670.760.50.68-0.210.780.03-0.210.930.230.760.740.16-0.580.880.340.80.310.980.590.670.59
0.940.320.660.670.68-0.051.00.330.720.30.330.77-0.360.450.940.18-0.810.540.760.90.40.660.740.20.75
0.820.670.790.760.680.580.69-0.410.990.15-0.410.690.230.850.850.13-0.480.870.420.550.580.790.550.630.57
0.270.830.560.5-0.050.58-0.04-0.860.52-0.17-0.860.420.440.820.180.140.10.76-0.130.060.20.54-0.120.9-0.07
0.940.320.670.681.00.69-0.040.310.730.310.310.77-0.340.450.940.17-0.830.550.740.90.390.660.760.210.76
0.07-0.46-0.25-0.210.33-0.41-0.860.31-0.340.181.0-0.05-0.65-0.50.040.19-0.33-0.430.490.33-0.18-0.260.19-0.550.14
0.850.630.80.780.720.990.520.73-0.340.22-0.340.70.230.830.870.12-0.540.860.450.590.540.790.630.590.64
0.19-0.07-0.090.030.30.15-0.170.310.180.220.180.03-0.05-0.040.3-0.12-0.47-0.020.180.14-0.01-0.040.57-0.140.54
0.07-0.46-0.25-0.210.33-0.41-0.860.311.0-0.340.18-0.05-0.65-0.50.040.19-0.33-0.430.490.33-0.18-0.260.19-0.550.14
0.90.710.910.930.770.690.420.77-0.050.70.03-0.05-0.10.730.780.26-0.630.830.520.920.310.930.510.660.53
-0.220.120.20.23-0.360.230.44-0.34-0.650.23-0.05-0.65-0.10.2-0.16-0.190.230.22-0.58-0.340.050.210.10.220.06
0.730.940.810.760.450.850.820.45-0.50.83-0.04-0.50.730.20.620.38-0.290.980.390.520.460.790.220.930.23
0.940.470.730.740.940.850.180.940.040.870.30.040.78-0.160.620.07-0.740.690.610.810.540.760.740.370.77
0.290.450.250.160.180.130.140.170.190.12-0.120.190.26-0.190.380.07-0.160.330.490.320.130.14-0.190.4-0.23
-0.73-0.21-0.55-0.58-0.81-0.480.1-0.83-0.33-0.54-0.47-0.33-0.630.23-0.29-0.74-0.16-0.4-0.47-0.760.0-0.5-0.86-0.1-0.88
0.80.910.90.880.540.870.760.55-0.430.86-0.02-0.430.830.220.980.690.33-0.40.40.640.440.890.350.90.36
0.730.280.390.340.760.42-0.130.740.490.450.180.490.52-0.580.390.610.49-0.470.40.710.270.320.310.210.26
0.910.490.770.80.90.550.060.90.330.590.140.330.92-0.340.520.810.32-0.760.640.710.280.780.610.390.6
0.460.350.280.310.40.580.20.39-0.180.54-0.01-0.180.310.050.460.540.130.00.440.270.280.470.080.280.1
0.820.730.930.980.660.790.540.66-0.260.79-0.04-0.260.930.210.790.760.14-0.50.890.320.780.470.510.70.52
0.630.050.510.590.740.55-0.120.760.190.630.570.190.510.10.220.74-0.19-0.860.350.310.610.080.51-0.020.99
0.530.980.720.670.20.630.90.21-0.550.59-0.14-0.550.660.220.930.370.4-0.10.90.210.390.280.7-0.020.0
0.640.080.520.590.750.57-0.070.760.140.640.540.140.530.060.230.77-0.23-0.880.360.260.60.10.520.990.0
Click cells to compare fundamentals

RPC Account Relationship Matchups

RPC fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets1.1B790.5M864.4M1.1B1.3B1.4B
Other Current Liab37.6M29.3M29.9M52.7M43.3M30.7M
Total Current Liabilities101.4M79.6M130.8M178.6M151.9M82.5M
Total Stockholder Equity830.3M631.6M641.8M857.7M1.0B1.1B
Property Plant And Equipment Net550.6M291.7M299.3M362.0M460.7M297.7M
Net Debt(11.0M)(54.2M)(36.1M)(96.2M)(196.1M)(186.3M)
Retained Earnings832.1M627.8M640.9M856.0M1.0B1.1B
Cash50.0M84.5M82.4M126.4M223.3M234.5M
Non Current Assets Total616.4M362.1M372.4M425.7M587.5M333.9M
Non Currrent Assets Other33.6M38.3M40.9M(5.9M)35.4M19.8M
Cash And Short Term Investments50.0M84.5M82.4M126.4M223.3M234.5M
Net Receivables266.7M244.7M317.1M459.0M377.2M396.0M
Common Stock Shares Outstanding212.2M212.5M213.0M213.3M212.9M172.7M
Liabilities And Stockholders Equity1.1B790.5M864.4M1.1B1.3B1.4B
Non Current Liabilities Total121.5M79.4M91.7M92.7M140.2M101.5M
Inventory100.9M82.9M79.0M97.1M110.9M116.4M
Other Current Assets3.3M3.1M3.0M3.1M15.7M16.5M
Other Stockholder Equity(223K)(17.7M)(20.7M)(19.9M)(17.9M)(17.0M)
Total Liab222.9M158.9M222.6M271.3M292.0M184.0M
Property Plant And Equipment Gross550.6M291.7M299.3M362.0M1.3B1.3B
Total Current Assets436.9M428.4M492.0M703.3M727.1M763.4M
Accumulated Other Comprehensive Income(23.2M)(17.7M)(20.7M)(19.9M)(2.4M)(2.5M)
Accounts Payable53.1M41.1M74.4M115.2M85.0M54.1M
Common Stock Total Equity21.5M21.4M21.5M21.6M24.8M14.8M
Short Term Debt10.6M9.2M26.6M10.7M7.7M7.4M
Common Stock21.4M21.5M21.6M21.7M21.5M15.6M
Other Liab93.1M58.3M72.0M73.2M84.1M59.2M
Other Assets33.6M164.8M197.9M31.6M36.3M36.6M
Property Plant Equipment516.7M264.4M299.3M362.0M416.3M444.0M
Net Tangible Assets798.2M599.4M609.6M825.6M743.0M653.5M
Retained Earnings Total Equity947.7M832.1M627.8M640.9M737.1M735.9M
Deferred Long Term Liab37.3M13.3M200K300K270K256.5K
Non Current Liabilities Other84.2M66.0M7.1M5.4M7.8M7.4M
Cash And Equivalents50.0M84.5M82.4M126.4M113.8M78.0M
Net Invested Capital830.3M631.6M641.8M857.7M1.0B668.1M

Currently Active Assets on Macroaxis

When determining whether RPC Inc is a strong investment it is important to analyze RPC's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact RPC's future performance. For an informed investment choice regarding RPC Stock, refer to the following important reports:
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in RPC Inc. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in income.
Note that the RPC Inc information on this page should be used as a complementary analysis to other RPC's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.

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When running RPC's price analysis, check to measure RPC's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy RPC is operating at the current time. Most of RPC's value examination focuses on studying past and present price action to predict the probability of RPC's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move RPC's price. Additionally, you may evaluate how the addition of RPC to your portfolios can decrease your overall portfolio volatility.
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Is RPC's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of RPC. If investors know RPC will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about RPC listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.53)
Dividend Share
0.16
Earnings Share
0.9
Revenue Per Share
7.596
Quarterly Revenue Growth
(0.18)
The market value of RPC Inc is measured differently than its book value, which is the value of RPC that is recorded on the company's balance sheet. Investors also form their own opinion of RPC's value that differs from its market value or its book value, called intrinsic value, which is RPC's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because RPC's market value can be influenced by many factors that don't directly affect RPC's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between RPC's value and its price as these two are different measures arrived at by different means. Investors typically determine if RPC is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, RPC's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.