RBC Bearings Incorporated (RBC)
Net profit margin
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 209,900 | 166,700 | 54,700 | 90,100 | 126,036 |
| Revenue | US$ in thousands | 1,560,300 | 1,469,300 | 942,900 | 609,000 | 727,461 |
| Net profit margin | 13.45% | 11.35% | 5.80% | 14.79% | 17.33% |
March 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $209,900K ÷ $1,560,300K
= 13.45%
The net profit margin of RBC Bearings Incorporated has shown variability in recent years, ranging from 5.80% in 2022 to 17.33% in 2020. The trend indicates a decrease in profitability in 2022, followed by an increase in 2023 and further improvement in 2024. The net profit margin of 13.45% in 2024 reflects the company's ability to generate profit relative to its total revenue, with higher margins indicating greater efficiency in cost management and revenue generation. It is important to monitor future changes in the net profit margin to assess the company's financial performance and ensure sustainable profitability.
Peer comparison
Mar 31, 2024