RBC Bearings Incorporated (RBC)
Fixed asset turnover
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,560,300 | 1,469,300 | 942,900 | 609,000 | 727,461 |
| Property, plant and equipment | US$ in thousands | 361,000 | 375,300 | 386,700 | 208,264 | 219,846 |
| Fixed asset turnover | 4.32 | 3.92 | 2.44 | 2.92 | 3.31 |
March 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $1,560,300K ÷ $361,000K
= 4.32
The fixed asset turnover ratio for RBC Bearings Incorporated has fluctuated over the past five years. In the latest fiscal year ending March 31, 2024, the company achieved a fixed asset turnover of 4.32, indicating that the company generated $4.32 in revenue for every dollar invested in fixed assets. This represents an improvement compared to the previous year's ratio of 3.92.
Looking back further, in March 2022, the fixed asset turnover was lower at 2.44, suggesting that the company was less efficient in utilizing its fixed assets to generate revenue. However, the ratio slightly increased in the following year to 2.92 before reaching 3.31 in March 2020.
Overall, the trend indicates that RBC Bearings Incorporated has been improving its efficiency in generating revenue from its fixed assets over the years, with a notable increase in the most recent period. This improvement may signal better management of fixed assets or increased sales efficiency, reflecting positively on the company's operational performance.
Peer comparison
Mar 31, 2024