RBC Bearings Incorporated (RBC)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 2,751,900 | 2,535,900 | 2,372,500 | 1,232,100 | 1,122,900 |
| ROE | 7.63% | 6.57% | 2.31% | 7.31% | 11.22% |
March 31, 2024 calculation
ROE = Net income ÷ Total stockholders’ equity
= $209,900K ÷ $2,751,900K
= 7.63%
Over the past five years, RBC Bearings Incorporated's return on equity (ROE) has shown fluctuations. In the most recent fiscal year ending on March 31, 2024, the ROE stood at 7.63%, a slight increase from the prior year's 6.57%. However, compared to two years ago, the ROE has significantly improved, as it was only 2.31% in fiscal year 2022. Looking back further, in fiscal years 2021 and 2020, the ROE was 7.31% and 11.22%, respectively.
The trend in ROE indicates variability in the company's ability to generate profits from shareholders' equity over the years. While the recent increase is positive, it is essential to monitor the consistency of this improvement to ensure sustainable growth and efficiency in utilizing shareholders' equity for profitability.
Peer comparison
Mar 31, 2024