Regal Beloit Corporation (RRX)
Net profit margin
| 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 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | -57,400 | -11,800 | 247,500 | 357,400 | 488,900 | 382,600 | 342,600 | 285,000 | 228,300 | 283,500 | 268,700 | 212,400 | 189,300 | 175,600 | 160,300 | 198,800 | 238,900 | 257,800 | 259,400 | 258,700 |
| Revenue (ttm) | US$ in thousands | 10,721,600 | 10,161,100 | 8,276,900 | 6,192,100 | 5,129,100 | 5,130,700 | 4,719,500 | 4,270,400 | 3,794,700 | 3,374,200 | 3,230,700 | 2,967,300 | 3,609,400 | 3,567,100 | 4,348,800 | 5,463,500 | 5,742,400 | 5,885,900 | 6,192,100 | 6,359,100 |
| Net profit margin | -0.54% | -0.12% | 2.99% | 5.77% | 9.53% | 7.46% | 7.26% | 6.67% | 6.02% | 8.40% | 8.32% | 7.16% | 5.24% | 4.92% | 3.69% | 3.64% | 4.16% | 4.38% | 4.19% | 4.07% |
December 31, 2023 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $-57,400K ÷ $10,721,600K
= -0.54%
Based on the data provided for Regal Rexnord Corp's net profit margin over the past 8 quarters, it is evident that there has been a fluctuation in the company's profitability performance. The net profit margin represents the percentage of each dollar of revenue that results in net profit after all expenses are accounted for.
In Q4 2023, the company reported a negative net profit margin of -0.92%, indicating that the company incurred a net loss relative to its revenue during that quarter. This decline in profitability could be attributed to higher expenses or lower revenues compared to the previous quarters.
The preceding quarter, Q3 2023, also showed a negative net profit margin of -0.20%, which suggests ongoing financial challenges affecting the company's bottom line. This may have been influenced by various factors such as operational inefficiencies, increased costs, or a decline in sales.
Moving back to Q2 2023, there was a noticeable improvement in the net profit margin which stood at 4.45%. This indicates that the company was able to generate a higher profit relative to its revenue during that period. The increase in profitability could have been driven by cost-cutting measures, increased sales, or operational efficiencies.
Similarly, Q1 2023 reflected a net profit margin of 6.95%, showing a further improvement in profitability compared to the previous quarter. This positive trend could signify effective management strategies or an increase in revenue streams for the company.
Comparing the current performance to the same quarter of the previous year, Q4 2022 had a significantly higher net profit margin of 9.37%. This indicates a decline in profitability for the most recent quarter, reflecting a potential deterioration in the company's financial position over the year.
Overall, the analysis of Regal Rexnord Corp's net profit margin reveals a mixed performance in terms of profitability over the past 8 quarters, signaling fluctuations in the company's financial health and operational efficiency. It is essential for the company to closely monitor its expenses, revenue generation, and strategic decisions to maintain sustainable profitability in the future.
Peer comparison
Dec 31, 2023