RBC Bearings Incorporated (RBC)
Total 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 |
| Total assets | US$ in thousands | 4,678,600 | 4,694,200 | 4,691,700 | 4,697,400 | 4,690,400 | 4,692,880 | 4,727,060 | 4,758,020 | 4,845,400 | 4,875,050 | 2,567,800 | 1,490,600 | 1,434,260 | 1,408,980 | 1,367,880 | 1,349,210 | 1,321,910 | 1,272,520 | 1,246,560 | 1,191,930 |
| Total asset turnover | 0.33 | 0.33 | 0.32 | 0.32 | 0.31 | 0.31 | 0.29 | 0.24 | 0.19 | 0.15 | 0.24 | 0.41 | 0.42 | 0.45 | 0.49 | 0.52 | 0.57 | 0.59 | 0.60 | 0.62 |
March 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,560,300K ÷ $4,678,600K
= 0.33
Total asset turnover ratio measures a company's ability to generate revenue from its assets. A higher ratio indicates that the company is more efficient in using its assets to generate sales.
Looking at the trend for RBC Bearings Incorporated over the past few quarters, the total asset turnover ratio has been relatively stable, hovering around 0.30 to 0.35. However, there was a significant drop in the ratio in the first quarter of 2022, followed by a gradual increase in subsequent quarters.
The ratio reached its lowest point in the first quarter of 2022 at 0.15 and has been improving since then, reaching 0.33 in the most recent quarter. This improvement suggests that the company has been more effective in utilizing its assets to generate revenue.
Although the ratio has shown fluctuations over the periods, it is important to monitor the trend over an extended period to assess the company's long-term operational efficiency and asset utilization. Overall, a higher total asset turnover ratio indicates better efficiency in asset management and sales generation for RBC Bearings Incorporated.
Peer comparison
Mar 31, 2024