RBC Bearings Incorporated (RBC)
Operating return on assets (Operating ROA)
| 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 |
| Total assets | US$ in thousands | 4,678,600 | 4,694,200 | 4,691,700 | 4,697,400 | 4,690,400 | 4,692,880 | 4,727,060 | 4,758,020 | 4,845,400 | 4,875,050 | 2,567,800 | 1,490,600 | 1,434,260 | 1,408,980 | 1,367,880 | 1,349,210 | 1,321,910 | 1,272,520 | 1,246,560 | 1,191,930 |
| Operating ROA | 7.31% | 7.12% | 7.02% | 6.67% | 6.25% | 5.67% | 4.48% | 3.28% | 2.50% | 1.94% | 4.10% | 7.72% | 7.99% | 8.89% | 9.95% | 10.90% | 11.86% | 12.07% | 10.91% | 11.29% |
March 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $342,200K ÷ $4,678,600K
= 7.31%
The operating return on assets (ROA) for RBC Bearings Incorporated has shown a fluctuating trend over the past few quarters. The operating ROA increased from 5.67% in December 2022 to 7.31% in March 2024, indicating improved effectiveness in generating operating profits relative to the assets employed.
The company experienced a significant improvement in operating ROA from September 2020 to June 2021, reaching a peak of 12.07% in March 2020. This period was marked by optimal utilization of assets to generate operating income.
However, there was a downward trend in operating ROA from June 2021 to September 2022, where it dropped to as low as 2.50%. This decline could be attributed to inefficiencies in managing operating expenses or a decrease in operating income relative to total assets during this period.
The latest data for March 2024 shows a slight recovery in operating ROA to 7.31%, suggesting potential improvements in operational efficiency. Overall, RBC Bearings Incorporated should continue to monitor its operating ROA closely to ensure sustainable profitability and efficient asset utilization in the future.
Peer comparison
Mar 31, 2024