RBC Bearings Incorporated (RBC)
Profitability ratios
Return on sales
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | |
|---|---|---|---|---|---|
| Gross profit margin | 42.97% | 41.16% | 37.87% | 38.44% | 39.74% |
| Operating profit margin | 21.93% | 19.94% | 12.84% | 18.82% | 21.55% |
| Pretax margin | 16.78% | 14.27% | 8.35% | 18.59% | 21.19% |
| Net profit margin | 13.45% | 11.35% | 5.80% | 14.79% | 17.33% |
RBC Bearings Incorporated has demonstrated consistent improvement in its profitability ratios over the past five years. The gross profit margin has shown a positive trend, increasing from 37.87% in 2022 to 42.97% in 2024. This indicates the company's ability to effectively control its production costs and generate more revenue from its core operations.
Similarly, the operating profit margin has also exhibited steady growth, rising from 12.84% in 2022 to 21.93% in 2024. This highlights the company's efficiency in managing its operating expenses and achieving higher profitability levels from its business activities.
The pretax margin has shown a positive trajectory as well, increasing from 8.35% in 2022 to 16.78% in 2024. This indicates the company's ability to generate higher returns before accounting for taxes, reflecting stronger operational performance and cost management.
Moreover, the net profit margin has displayed consistent improvement, increasing from 5.80% in 2022 to 13.45% in 2024. This suggests that the company has been successful in controlling its overall expenses, including taxes, interest, and other non-operating costs, resulting in higher profitability for its shareholders.
Overall, RBC Bearings Incorporated's profitability ratios reflect its sound financial performance and effective management of costs and expenses, which have led to enhanced profitability levels over the years.
Return on investment
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | |
|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 7.31% | 6.25% | 2.50% | 7.99% | 11.86% |
| Return on assets (ROA) | 4.49% | 3.55% | 1.13% | 6.28% | 9.53% |
| Return on total capital | 8.64% | 7.29% | 2.96% | 9.20% | 13.69% |
| Return on equity (ROE) | 7.63% | 6.57% | 2.31% | 7.31% | 11.22% |
The profitability ratios of RBC Bearings Incorporated have shown variability over the past five years.
1. Operating return on assets (Operating ROA) has fluctuated between 2.50% and 11.86%, with the latest value at 7.31%. This ratio indicates that the company generated 7.31 cents of operating income for each dollar of assets in the most recent year.
2. Return on assets (ROA) has varied from 1.13% to 9.53%, with the latest figure standing at 4.49%. ROA measures the overall effectiveness of management in generating profits from the company's assets, showing that RBC Bearings Incorporated earned 4.49 cents in net income for each dollar of assets.
3. Return on total capital has ranged from 2.96% to 13.69%, with the current value at 8.64%. This ratio reflects the company's ability to generate returns for both debt and equity providers, implying that RBC Bearings Incorporated earned 8.64 cents for every dollar of total capital invested.
4. Return on equity (ROE) has shown a similar pattern, fluctuating between 2.31% and 11.22%, with the latest figure at 7.63%. ROE compares net income to shareholders' equity, indicating that RBC Bearings Incorporated generated a return of 7.63 cents for every dollar of shareholders' equity.
Overall, the profitability ratios of RBC Bearings Incorporated suggest fluctuations in performance, highlighting the importance of analyzing trends over time to assess the company's financial health and efficiency in utilizing its assets and capital resources.