RBC Bearings Incorporated (RBC)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 342,200 | 334,121 | 329,321 | 313,521 | 293,021 | 266,248 | 211,713 | 156,287 | 121,100 | 94,634 | 105,310 | 115,099 | 114,600 | 125,238 | 136,163 | 147,109 | 156,785 | 153,580 | 135,952 | 134,527 |
| 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 |
| Operating profit margin | 21.93% | 21.68% | 21.68% | 20.87% | 19.94% | 18.57% | 15.69% | 13.70% | 12.84% | 12.71% | 16.90% | 18.91% | 18.82% | 19.69% | 20.42% | 20.96% | 20.77% | 20.34% | 18.16% | 18.21% |
March 31, 2024 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $342,200K ÷ $1,560,300K
= 21.93%
The operating profit margin of RBC Bearings Incorporated has shown a consistent improvement over the past few quarters. The company's operating profit margin improved steadily from 18.21% in June 2019 to 21.93% in March 2024. This indicates an efficient management of operating expenses relative to the revenue generated by the company.
The firm's operating profit margin has generally been increasing, fluctuating between 18% and 22% over the last few years. This upward trajectory suggests that RBC Bearings Incorporated has been able to effectively control its operating costs and enhance operational efficiency. The trend implies that the company has been able to maintain solid profitability in its core business operations.
Overall, the operating profit margin trend of RBC Bearings Incorporated reflects a positive operational performance, indicating effective cost management and a healthy operational structure that is conducive to sustainable profitability.
Peer comparison
Mar 31, 2024