RBC Bearings Incorporated (RBC)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 2,751,900 | 2,696,600 | 2,634,200 | 2,587,700 | 2,535,900 | 2,480,900 | 2,440,100 | 2,397,600 | 2,372,500 | 2,337,950 | 2,340,960 | 1,275,970 | 1,232,100 | 1,204,810 | 1,172,100 | 1,142,640 | 1,122,900 | 1,079,210 | 1,041,840 | 997,349 |
| 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% |
March 31, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $209,900K ÷ $2,751,900K
= 7.63%
The return on equity (ROE) for RBC Bearings Incorporated has shown fluctuations over the past few quarters. ROE is a key profitability ratio that measures the company's ability to generate profit from its shareholders' equity.
The trend in ROE for RBC Bearings has been somewhat volatile. The ROE has ranged from a low of 2.31% in March 2022 to a high of 11.46% in June 2019. The recent ROE figures have been relatively low, ranging from 6.57% in March 2023 to 7.63% in March 2024.
A higher ROE signifies that the company is more efficient in generating profits from its equity base. The declining trend in ROE from higher levels seen in 2019 may indicate a decrease in profitability or less efficient use of shareholder equity in recent periods.
Investors and analysts should further investigate the factors contributing to the fluctuations in ROE to assess the company's financial health and performance accurately. Monitoring ROE over time and comparing it to industry benchmarks can provide insights into the company's profitability and efficiency in utilizing shareholders' equity.
Peer comparison
Mar 31, 2024