RBC Bearings Incorporated (RBC)
Receivables 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,636,300 | 1,612,280 | 1,591,780 | 1,579,480 | 1,560,280 | 1,541,022 | 1,518,747 | 1,502,347 | 1,469,327 | 1,433,784 | 1,349,112 | 1,140,812 | 942,937 | 744,353 | 623,261 | 608,696 | 608,984 | 634,532 | 665,690 | 701,264 |
| Receivables | US$ in thousands | 307,600 | 256,100 | 255,400 | 262,700 | 262,100 | 229,800 | 250,700 | 251,800 | 239,600 | 214,536 | 236,527 | 239,862 | 247,487 | 199,785 | 109,650 | 109,650 | 110,472 | 106,506 | 108,078 | 113,184 |
| Receivables turnover | 5.32 | 6.30 | 6.23 | 6.01 | 5.95 | 6.71 | 6.06 | 5.97 | 6.13 | 6.68 | 5.70 | 4.76 | 3.81 | 3.73 | 5.68 | 5.55 | 5.51 | 5.96 | 6.16 | 6.20 |
March 31, 2025 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $1,636,300K ÷ $307,600K
= 5.32
The receivables turnover ratio for RBC Bearings Incorporated has been fluctuating over the past few years, ranging from a low of 3.73 on December 31, 2021, to a high of 6.71 on December 31, 2023. This ratio measures how efficiently the company is able to collect payments from its customers.
A general upward trend can be observed from the data provided, indicating an improvement in the company's ability to collect receivables in a timely manner. The ratio peaked at 6.71 on December 31, 2023, signifying that the company collected its accounts receivable balances approximately 6.71 times during that year.
However, there was a slight decline in the receivables turnover ratio in the most recent period, dropping to 5.32 on March 31, 2025. This decrease may warrant further investigation to determine the underlying reasons behind the change in the company's receivables collection efficiency.
Overall, a higher receivables turnover ratio is generally preferable as it indicates that the company is collecting payments from customers quickly, which can improve cash flow and reduce the risk of bad debts. Monitoring this ratio over time can provide insights into the effectiveness of the company's credit policies and collection efforts.
Peer comparison
Mar 31, 2025