RBC Bearings Incorporated (RBC)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 261,800 | 248,043 | 239,195 | 225,795 | 209,695 | 194,876 | 149,546 | 97,141 | 78,700 | 65,956 | 89,598 | 114,312 | 113,200 | 123,361 | 133,880 | 144,712 | 154,139 | 150,906 | 133,150 | 130,611 |
| 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 |
| Pretax margin | 16.78% | 16.10% | 15.75% | 15.03% | 14.27% | 13.59% | 11.08% | 8.52% | 8.35% | 8.86% | 14.38% | 18.78% | 18.59% | 19.40% | 20.08% | 20.62% | 20.42% | 19.99% | 17.78% | 17.68% |
March 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $261,800K ÷ $1,560,300K
= 16.78%
The pretax margin of RBC Bearings Incorporated has shown a varying trend over the past few quarters. The pretax margin measures the company's efficiency in generating profits before taxes relative to its total revenue.
From December 31, 2019, to September 30, 2020, there was a relatively stable pretax margin range between 17.68% to 20.62%. However, a significant decline was observed in the following quarters, with the lowest pretax margin of 8.35% reported on March 31, 2022. This decline could indicate potential challenges in managing costs or generating revenues efficiently during this period.
Subsequently, there was a notable improvement in the pretax margin starting from September 30, 2022, reaching 16.78% by March 31, 2024. This positive trend suggests that the company may have taken steps to enhance its operational efficiency and profitability.
Overall, it is essential for RBC Bearings to sustain or further improve its pretax margin to ensure long-term financial health and shareholder value. Monitoring and analyzing this ratio alongside other financial metrics can provide valuable insights into the company's performance and prospects for growth.
Peer comparison
Mar 31, 2024