RBC Bearings Incorporated (RBC)
Return on assets (ROA)
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 209,900 | 166,700 | 54,700 | 90,100 | 126,036 |
| Total assets | US$ in thousands | 4,678,600 | 4,690,400 | 4,845,400 | 1,434,260 | 1,321,910 |
| ROA | 4.49% | 3.55% | 1.13% | 6.28% | 9.53% |
March 31, 2024 calculation
ROA = Net income ÷ Total assets
= $209,900K ÷ $4,678,600K
= 4.49%
The return on assets (ROA) of RBC Bearings Incorporated has fluctuated over the past five years, ranging from 1.13% in March 2022 to 9.53% in March 2020.
In March 2024, RBC Bearings' ROA was 4.49%, showing an improvement compared to the previous year's 3.55%. This indicates that the company generated $0.0449 in net income for every dollar of assets it holds.
The lower ROA in March 2022 (1.13%) suggests that the company was less effective in generating profits from its assets during that period. However, the sharp decline in ROA from 9.53% in March 2020 to 1.13% in March 2022 could indicate operational challenges or changes in asset utilization efficiency.
It is important to analyze the components influencing ROA, such as net income and total assets, to better understand the factors driving the fluctuations in the company's performance over the years. Further investigation may be required to identify any underlying issues affecting RBC Bearings' ROA and evaluate its long-term profitability and asset management efficiency.
Peer comparison
Mar 31, 2024