RBC Bearings Incorporated (RBC)
Gross profit margin
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 670,500 | 658,661 | 646,661 | 631,461 | 604,761 | 575,818 | 523,163 | 434,527 | 357,100 | 282,045 | 244,288 | 238,420 | 234,100 | 248,221 | 263,344 | 277,862 | 289,103 | 285,487 | 282,903 | 279,608 |
| 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 |
| Gross profit margin | 42.97% | 42.74% | 42.58% | 42.03% | 41.16% | 40.16% | 38.78% | 38.09% | 37.87% | 37.89% | 39.19% | 39.17% | 38.44% | 39.03% | 39.50% | 39.59% | 38.30% | 37.81% | 37.79% | 37.85% |
March 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $670,500K ÷ $1,560,300K
= 42.97%
The gross profit margin of RBC Bearings Incorporated has shown a generally positive trend over the past few quarters, indicating an improvement in the company's ability to generate profit from its core operations. The margin has steadily increased from 37.85% at the end of June 2019 to 42.97% at the end of March 2024, reflecting better efficiency in managing production costs and pricing strategies.
The company's performance in terms of gross profit margin has been notably strong in recent quarters, with the margin consistently above 40%. This suggests that RBC Bearings has been effectively controlling its cost of goods sold while maintaining relatively stable revenues.
The upward trend in the gross profit margin is a positive indication of the company's operational efficiency and competitiveness within its industry. It shows that RBC Bearings has been successful in optimizing its production processes and extracting value from its sales.
Overall, the improving gross profit margin of RBC Bearings Incorporated signals a positive financial outlook and indicates effective management of costs and pricing strategies within the company's operations.
Peer comparison
Mar 31, 2024