RBC Bearings Incorporated (RBC)
Profitability ratios
Return on sales
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | 42.97% | 42.74% | 42.58% | 42.03% | 41.16% | 40.16% | 38.78% | 38.09% | 37.87% | 37.89% | 39.19% | 39.17% | 38.44% | 39.03% | 39.50% | 39.59% | 38.30% | 37.81% | 37.79% | 37.85% |
| 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% |
| 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% |
| Net profit margin | 13.45% | 12.82% | 12.33% | 11.93% | 11.35% | 10.39% | 8.39% | 5.97% | 5.80% | 6.54% | 11.18% | 15.02% | 14.79% | 15.48% | 16.11% | 16.85% | 16.70% | 16.39% | 14.61% | 14.65% |
RBC Bearings Incorporated has demonstrated a consistent improvement in its profitability ratios over the past few quarters. The gross profit margin has shown a positive trend, increasing from 37.85% in December 2019 to 42.97% in March 2024. This indicates that the company has been able to effectively manage its cost of goods sold and enhance its pricing strategy.
The operating profit margin has also shown a positive trajectory, increasing from 18.21% in December 2019 to 21.93% in March 2024. This indicates that the company has been able to efficiently control its operating expenses and improve operational efficiency.
Similarly, the pretax margin and net profit margin of RBC Bearings Incorporated have both exhibited an upward trend, showing improvements in profitability over the analyzed period. The pretax margin has increased from 17.68% in December 2019 to 16.78% in March 2024, while the net profit margin has increased from 14.65% to 13.45% over the same period.
Overall, the improving profitability ratios of RBC Bearings Incorporated suggest that the company has been successful in managing its costs, increasing operational efficiency, and generating higher profits relative to its revenue.
Return on investment
| 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 return on assets (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% |
| Return on assets (ROA) | 4.49% | 4.21% | 3.99% | 3.82% | 3.55% | 3.17% | 2.40% | 1.43% | 1.13% | 1.00% | 2.71% | 6.14% | 6.28% | 6.99% | 7.85% | 8.76% | 9.53% | 9.72% | 8.77% | 9.08% |
| Return on total capital | 8.64% | 8.32% | 8.15% | 7.81% | 7.29% | 6.68% | 5.28% | 3.89% | 2.96% | 2.32% | 4.53% | 8.99% | 9.20% | 10.24% | 11.43% | 12.64% | 13.69% | 13.99% | 12.77% | 13.15% |
| Return on equity (ROE) | 7.63% | 7.32% | 7.11% | 6.93% | 6.57% | 6.00% | 4.64% | 2.84% | 2.31% | 2.08% | 2.98% | 7.17% | 7.31% | 8.17% | 9.16% | 10.35% | 11.22% | 11.46% | 10.50% | 10.85% |
The profitability ratios of RBC Bearings Incorporated show a mixed performance over the past few quarters.
- Operating return on assets (Operating ROA) has shown a generally increasing trend from 4.48% in Sep 30, 2022 to 7.31% in Mar 31, 2024, indicating the company's ability to generate operating profits from its assets has been improving.
- Return on assets (ROA) has also been on an upward trajectory, with a slight dip in Dec 31, 2023, then consistently increasing from 3.17% in Dec 31, 2022 to 4.49% in Mar 31, 2024, reflecting an improvement in the company's overall profitability relative to its total assets.
- Return on total capital has shown a similar pattern of improvement, with a gradual increase from 5.28% in Jun 30, 2022 to 8.64% in Mar 31, 2024, indicating that the company is generating more returns relative to its total invested capital.
- Return on equity (ROE) has also exhibited a rising trend, demonstrating the company's ability to generate higher returns for its shareholders over time. ROE increased from 2.31% in Mar 31, 2022 to 7.63% in Mar 31, 2024.
Overall, the profitability ratios of RBC Bearings Incorporated suggest an improving financial performance, with increasing returns on assets, total capital, and equity, indicating effective management of assets and capital to generate profits for the company and its shareholders.