RBC Bearings Incorporated (RBC)
Total 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 |
| Total assets | US$ in thousands | 4,678,600 | 4,690,400 | 4,845,400 | 1,434,260 | 1,321,910 |
| Total asset turnover | 0.33 | 0.31 | 0.19 | 0.42 | 0.55 |
March 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $1,560,300K ÷ $4,678,600K
= 0.33
The total asset turnover ratio of RBC Bearings Incorporated has fluctuated over the past five years. In 2024, the company's total asset turnover was 0.33, indicating that for every dollar of total assets, the company generated $0.33 in sales. This was an improvement compared to the previous year. In 2023, the total asset turnover was 0.31, showing a slight increase from the 0.19 recorded in 2022.
The total asset turnover in 2021 was relatively high at 0.42, suggesting that the company was efficient in utilizing its assets to generate sales. However, there was a noticeable decline from the previous year when the total asset turnover was 0.55.
Overall, the fluctuation in RBC Bearings Incorporated's total asset turnover ratio indicates varying levels of efficiency in utilizing its total assets to generate sales revenue over the past five years.
Peer comparison
Mar 31, 2024