On a 12-month basis, the trend at RPC looks OK. At 70.3 days, it is 1.7 days worse than the five-year average of 68.6 days. Considering the numbers on a quarterly basis, the CCC trend at RPC looks OK. At 74.8 days, it is little changed from the average of the past eight quarters. Investors will want to keep an eye on this for the future to make sure it doesn't stray too far in the wrong direction.
With both 12-month and quarterly CCC running close to historical averages, RPC gets a passing grade in this cash-conversion checkup.
Historically, all indicators look good; it's the current outlook that's impacting the whole industry due to natural gas tanking and halting of drilling in gas basins. BHI is already experiencing the supply issue. Is that a sign for other companies to report?