RBC Bearings Incorporated (RBC)
Working capital 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 current assets | US$ in thousands | 965,500 | 913,300 | 962,200 | 728,202 | 612,006 |
| Total current liabilities | US$ in thousands | 294,300 | 309,300 | 313,500 | 88,238 | 103,755 |
| Working capital turnover | 2.32 | 2.43 | 1.45 | 0.95 | 1.43 |
March 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $1,560,300K ÷ ($965,500K – $294,300K)
= 2.32
The working capital turnover of RBC Bearings Incorporated has fluctuated over the past five years, indicating varying efficiency in utilizing its working capital. The ratio was highest in the fiscal year ending March 31, 2023, at 2.43, suggesting that the company generated $2.43 in revenue for every dollar of working capital invested during that period. This indicates strong efficiency in utilizing working capital.
In the following year, the working capital turnover ratio decreased to 1.45, signaling a decline in efficiency in utilizing working capital to generate revenue. The ratio improved in the subsequent year ending March 31, 2022, reaching 2.32, indicating a recovery in efficient working capital management.
The lowest working capital turnover ratio of 0.95 was observed in the fiscal year ending March 31, 2021, which may suggest inefficiencies or challenges in managing working capital during that period. However, the ratio increased to 1.43 in the most recent year, ending March 31, 2020, indicating some improvement in working capital efficiency.
Overall, the trend in the working capital turnover ratios of RBC Bearings Incorporated shows a mixture of fluctuations and improvements, highlighting the importance of continued monitoring and management of working capital efficiency within the company.
Peer comparison
Mar 31, 2024