RBC Bearings Incorporated (RBC)
Operating profit margin
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 342,200 | 293,000 | 121,100 | 114,600 | 156,785 |
| Revenue | US$ in thousands | 1,560,300 | 1,469,300 | 942,900 | 609,000 | 727,461 |
| Operating profit margin | 21.93% | 19.94% | 12.84% | 18.82% | 21.55% |
March 31, 2024 calculation
Operating profit margin = Operating income ÷ Revenue
= $342,200K ÷ $1,560,300K
= 21.93%
The operating profit margin of RBC Bearings Incorporated has shown fluctuation over the past five years.
In March 2020, the operating profit margin was 21.55%, indicating that the company was generating significant profits from its core operations. This figure decreased to 18.82% in March 2021, suggesting a slight decline in profitability.
However, there was a notable increase in the operating profit margin to 12.84% in March 2022, which may indicate potential challenges or changes in the company's operations during that period.
The operating profit margin rebounded to 19.94% in March 2023, showing a positive trend towards recovering profitability. Finally, in March 2024, the operating profit margin improved further to 21.93%, indicating that the company was able to enhance its operational efficiency and profitability.
Overall, the trend in RBC Bearings' operating profit margin demonstrates variability over the years, with fluctuations reflecting changes in the company's financial performance and operational effectiveness.
Peer comparison
Mar 31, 2024