RBC Bearings Incorporated (RBC)
Gross profit margin
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 670,500 | 604,800 | 357,100 | 234,100 | 289,103 |
| Revenue | US$ in thousands | 1,560,300 | 1,469,300 | 942,900 | 609,000 | 727,461 |
| Gross profit margin | 42.97% | 41.16% | 37.87% | 38.44% | 39.74% |
March 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $670,500K ÷ $1,560,300K
= 42.97%
The gross profit margin of RBC Bearings Incorporated has shown a generally increasing trend over the past five years, indicating improvements in the company's ability to generate profits from its core operations. The margin increased from 39.74% in March 2020 to 42.97% in March 2024. This suggests that the company has been effectively managing its production costs and pricing strategies to enhance profitability. The consistent growth in gross profit margin reflects positively on RBC Bearings' operational efficiency and competitive positioning within its industry.
Peer comparison
Mar 31, 2024
Company name
Symbol
Gross profit margin
RBC Bearings Incorporated
RBC
42.97%
Timken Company
TKR
10.91%