RBC Bearings Incorporated (RBC)
Inventory turnover
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 889,800 | 864,500 | 585,800 | 374,900 | 438,358 |
| Inventory | US$ in thousands | 622,800 | 587,200 | 516,100 | 364,147 | 367,494 |
| Inventory turnover | 1.43 | 1.47 | 1.14 | 1.03 | 1.19 |
March 31, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $889,800K ÷ $622,800K
= 1.43
The inventory turnover ratio for RBC Bearings Incorporated has fluctuated over the past five years. The company's inventory turnover was 1.43 in 2024, showing a slight decrease from the previous year's ratio of 1.47. This indicates that RBC Bearings converted its inventory into sales 1.43 times during the fiscal year 2024, down from 1.47 times in 2023.
Looking further back, in 2022, the inventory turnover was 1.14, which improved from the prior year's ratio of 1.03. In 2021, the ratio was relatively low at 1.03, but it increased to 1.19 in 2020.
Overall, the trend in inventory turnover for RBC Bearings shows some variability, but it appears that the company has been managing its inventory effectively in recent years, with improvements in turnover ratios compared to previous periods. Further analysis of the company's inventory management practices and industry benchmarks would provide additional insights into RBC Bearings' operational efficiency in managing its inventory levels and generating sales.
Peer comparison
Mar 31, 2024