RBC Bearings Incorporated (RBC)
Pretax margin
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 261,800 | 209,700 | 78,700 | 113,200 | 154,139 |
| Revenue | US$ in thousands | 1,560,300 | 1,469,300 | 942,900 | 609,000 | 727,461 |
| Pretax margin | 16.78% | 14.27% | 8.35% | 18.59% | 21.19% |
March 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $261,800K ÷ $1,560,300K
= 16.78%
The pretax margin measures a company's efficiency in generating profits before accounting for taxes on its revenue. RBC Bearings Incorporated's pretax margin has fluctuated over the past five years, showing a downward trend from 21.19% in 2020 to 16.78% in 2024. This decline may be indicative of decreasing profitability relative to revenue. Factors contributing to this trend may include changes in pricing, cost structures, or operational efficiencies. A lower pretax margin could suggest that the company is facing challenges in managing costs or maintaining profitability levels. It is essential for stakeholders to further examine the reasons behind these fluctuations to assess the company's overall financial health and profitability.
Peer comparison
Mar 31, 2024