RBC Bearings Incorporated (RBC)
Return on total capital
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) | US$ in thousands | 340,500 | 286,400 | 120,200 | 114,600 | 156,024 |
| Long-term debt | US$ in thousands | 1,188,100 | 1,393,500 | 1,686,800 | 13,495 | 16,583 |
| Total stockholders’ equity | US$ in thousands | 2,751,900 | 2,535,900 | 2,372,500 | 1,232,100 | 1,122,900 |
| Return on total capital | 8.64% | 7.29% | 2.96% | 9.20% | 13.69% |
March 31, 2024 calculation
Return on total capital = EBIT ÷ (Long-term debt + Total stockholders’ equity)
= $340,500K ÷ ($1,188,100K + $2,751,900K)
= 8.64%
The return on total capital for RBC Bearings Incorporated has fluctuated over the past five years. In particular:
- In 2024, the return on total capital was 8.64%, showing an increase from the previous year.
- In 2023, the return on total capital was 7.29%, also exhibiting an increase from the year before.
- In 2022, the return on total capital was 2.96%, showing a significant improvement compared to the prior year.
- In 2021, the return on total capital was 9.20%, a decline from the previous year.
- In 2020, the return on total capital was 13.69%, reflecting a decrease compared to the prior year.
The trend in the return on total capital indicates some variability in the efficiency of RBC Bearings in generating returns relative to its total capital base over the five-year period. Further analysis and consideration of the company's financial and operational performance would be necessary to understand the factors driving these fluctuations.
Peer comparison
Mar 31, 2024