RBC Bearings Incorporated (RBC)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 209,900 | 197,496 | 187,196 | 179,296 | 166,696 | 148,968 | 113,214 | 68,062 | 54,700 | 48,653 | 69,676 | 91,449 | 90,100 | 98,431 | 107,377 | 118,226 | 126,036 | 123,721 | 109,384 | 108,225 |
| 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 |
| 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% |
March 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $209,900K ÷ $4,678,600K
= 4.49%
Over the period from December 31, 2019, to March 31, 2024, RBC Bearings Incorporated's return on assets (ROA) has shown some fluctuations. The ROA has ranged from a low of 1.00% in December 2021 to a high of 9.72% in December 2019.
The trend in ROA indicates that the company's ability to generate profit from its assets has varied over time. The ROA reached its peak in late 2019 and early 2020, then declined before recovering and stabilizing at around 4-5% from 2023 to 2024.
An ROA above 5% is generally considered strong, indicating efficient utilization of assets to generate profit, while an ROA below 3% may indicate inefficiencies in asset management. RBC Bearings Incorporated's ROA has generally been within the acceptable range, suggesting that the company has been relatively effective in generating profits from its assets, although there have been periods of lower performance.
Overall, further analysis of RBC Bearings Incorporated's operational efficiency, profitability, and asset management practices would provide more insights into the factors influencing its ROA performance over the period in question.
Peer comparison
Mar 31, 2024