RBC Bearings Incorporated (RBC)
Fixed asset turnover
| Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,560,300 | 1,541,028 | 1,518,728 | 1,502,328 | 1,469,328 | 1,433,742 | 1,349,095 | 1,140,795 | 942,900 | 744,369 | 623,277 | 608,712 | 609,000 | 636,018 | 666,710 | 701,811 | 754,839 | 755,013 | 748,716 | 738,750 |
| Property, plant and equipment | US$ in thousands | 361,000 | 365,000 | 365,700 | 370,500 | 375,300 | 375,763 | 378,291 | 384,497 | 386,700 | 396,164 | 203,166 | 206,276 | 208,264 | 212,702 | 214,347 | 218,128 | 219,846 | 222,599 | 220,063 | 215,189 |
| Fixed asset turnover | 4.32 | 4.22 | 4.15 | 4.05 | 3.92 | 3.82 | 3.57 | 2.97 | 2.44 | 1.88 | 3.07 | 2.95 | 2.92 | 2.99 | 3.11 | 3.22 | 3.43 | 3.39 | 3.40 | 3.43 |
March 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,560,300K ÷ $361,000K
= 4.32
The fixed asset turnover ratio measures the efficiency of RBC Bearings Incorporated in generating sales revenue from its investment in fixed assets. A higher fixed asset turnover ratio indicates that the company is effectively utilizing its fixed assets to generate sales.
Analyzing the trend of RBC Bearings Incorporated's fixed asset turnover ratio over the past few quarters, we observe an overall increasing trend from 1.88 in Dec 31, 2021, to 4.32 in Mar 31, 2024. This suggests that the company has been able to increase its sales relative to its investment in fixed assets.
The fluctuation in the fixed asset turnover ratio in interim quarters may be attributed to various factors such as changes in sales volumes, improvements in operational efficiency, or fluctuations in the value of fixed assets. Notably, the ratio showed significant improvement in the recent quarters, reaching a peak of 4.32 in Mar 31, 2024.
Overall, the increasing trend in the fixed asset turnover ratio indicates that RBC Bearings Incorporated has been effectively managing its fixed assets to drive sales growth, which could potentially lead to improved profitability and shareholder value in the future.
Peer comparison
Mar 31, 2024