RBC Bearings Incorporated (RBC)
Operating return on assets (Operating ROA)
| 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 |
| Total assets | US$ in thousands | 4,678,600 | 4,690,400 | 4,845,400 | 1,434,260 | 1,321,910 |
| Operating ROA | 7.31% | 6.25% | 2.50% | 7.99% | 11.86% |
March 31, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $342,200K ÷ $4,678,600K
= 7.31%
RBC Bearings Incorporated's operating return on assets (operating ROA) has fluctuated over the past five years, ranging from a high of 11.86% in 2020 to a low of 2.50% in 2022. The operating ROA for the most recent fiscal year ending March 31, 2024, stands at 7.31%, representing a slight increase from the previous year's 6.25%.
The improvement in operating ROA in 2024 may indicate that the company has become more efficient in generating operating income relative to its total assets. However, the current ratio of 7.31% is still below the levels seen in 2020 and 2021, suggesting that there may be room for further optimization of asset utilization to enhance profitability.
Overall, a consistent analysis of RBC Bearings Incorporated's operating ROA over the past five years reveals fluctuations in performance, indicating the company's ability to effectively manage its assets to generate operating income. By further exploring the factors influencing these fluctuations, stakeholders can gain valuable insights into the company's operational efficiency and potential for future growth.
Peer comparison
Mar 31, 2024