RBC Bearings Incorporated (RBC)
Payables turnover
| Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 910,200 | 918,899 | 932,999 | 945,799 | 960,199 | 935,210 | 907,195 | 888,395 | 881,927 | 875,310 | 843,333 | 723,669 | 585,869 | 462,302 | 378,967 | 370,270 | 374,878 | 386,311 | 402,346 | 423,402 |
| Payables | US$ in thousands | 138,400 | 130,100 | 127,400 | 127,500 | 116,200 | 123,700 | 130,600 | 140,000 | 146,800 | 136,722 | 148,870 | 161,834 | 158,600 | 140,374 | 47,594 | 47,594 | 36,336 | 39,936 | 39,600 | 51,812 |
| Payables turnover | 6.58 | 7.06 | 7.32 | 7.42 | 8.26 | 7.56 | 6.95 | 6.35 | 6.01 | 6.40 | 5.66 | 4.47 | 3.69 | 3.29 | 7.96 | 7.78 | 10.32 | 9.67 | 10.16 | 8.17 |
March 31, 2025 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $910,200K ÷ $138,400K
= 6.58
The payables turnover ratio for RBC Bearings Incorporated has fluctuated over the past few years. The ratio indicates the efficiency with which the company is managing its accounts payable.
From June 30, 2020, to September 30, 2020, there was a significant increase in the payables turnover ratio, suggesting that the company was paying its suppliers more frequently. This could be due to improved cash flow management or negotiation of better payment terms.
However, from September 30, 2020, to June 30, 2021, there was a decrease in the payables turnover ratio, indicating that the company was taking longer to pay its suppliers during this period. This could be a strategic decision to improve cash flow or manage working capital.
The ratio then fluctuated between December 31, 2021, to December 31, 2024, showing variations in the company's accounts payable management. The downward trend from December 31, 2024, to March 31, 2025, suggests that the company started paying its suppliers more efficiently again, possibly as a result of improved cash flow or operational efficiencies.
Overall, the trend in the payables turnover ratio for RBC Bearings Incorporated indicates fluctuations in the company's accounts payable management practices, with periods of both improvement and slower payment to suppliers. Further analysis of the company's financial performance and operating activities would provide more insight into the reasons behind these fluctuations.
Peer comparison
Mar 31, 2025