RBC Bearings Incorporated (RBC)
Working capital 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 |
| Total current assets | US$ in thousands | 1,027,300 | 1,003,300 | 1,022,200 | 994,200 | 965,500 | 957,300 | 938,200 | 935,500 | 913,300 | 901,771 | 911,531 | 916,080 | 962,237 | 987,237 | 1,859,880 | 1,859,880 | 728,202 | 692,342 | 661,014 | 638,849 |
| Total current liabilities | US$ in thousands | 315,300 | 292,700 | 293,900 | 330,300 | 294,300 | 291,600 | 288,300 | 316,000 | 309,300 | 282,672 | 306,249 | 330,405 | 313,460 | 343,036 | 112,291 | 112,291 | 88,238 | 88,412 | 88,510 | 100,290 |
| Working capital turnover | 2.30 | 2.27 | 2.19 | 2.38 | 2.32 | 2.31 | 2.34 | 2.43 | 2.43 | 2.32 | 2.23 | 1.95 | 1.45 | 1.16 | 0.36 | 0.35 | 0.95 | 1.05 | 1.16 | 1.30 |
March 31, 2025 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $1,636,300K ÷ ($1,027,300K – $315,300K)
= 2.30
The working capital turnover ratio for RBC Bearings Incorporated has shown fluctuations over the reported periods. The ratio indicates how efficiently the company is generating revenue relative to its working capital.
From June 30, 2020, to March 31, 2021, the working capital turnover ratio decreased steadily from 1.30 to 0.95, suggesting a decline in efficiency in utilizing its working capital to generate revenue.
However, from June 30, 2021, to September 30, 2022, there was a significant improvement in the ratio, increasing from 0.35 to 2.23, indicating a positive trend in working capital management and revenue generation efficiency during this period.
Thereafter, the ratio continued to show a generally upward trend, reaching its peak at 2.43 by June 30, 2023, before stabilizing around the 2.30 level for the subsequent periods up to December 31, 2024.
Overall, the working capital turnover ratio for RBC Bearings Incorporated has shown variability, with periods of both improvement and decline. The recent trend suggests that the company has been effectively utilizing its working capital to generate revenue, indicating improvements in operational efficiency.
Peer comparison
Mar 31, 2025