RBC Bearings (RBC Bearings) Asset Turnover

: 0.08 (As of Dec. 2023)

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Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. RBC Bearings's Revenue for the three months ended in Dec. 2023 was $374 Mil. RBC Bearings's Total Assets for the quarter that ended in Dec. 2023 was $4,693 Mil. Therefore, RBC Bearings's Asset Turnover for the quarter that ended in Dec. 2023 was 0.08.

Asset Turnover is linked to ROE % through Du Pont Formula. RBC Bearings's annualized ROE % for the quarter that ended in Dec. 2023 was 6.99%. It is also linked to ROA % through Du Pont Formula. RBC Bearings's annualized ROA % for the quarter that ended in Dec. 2023 was 3.97%.

RBC Bearings Asset Turnover Historical Data

The historical data trend for RBC Bearings's Asset Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

RBC Bearings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Asset Turnover

0.61

0.59

0.44

0.30

0.31

RBC Bearings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Asset Turnover																0.08	0.08	0.08	0.08	0.08

Competitive Comparison

For the Tools & Accessories subindustry, RBC Bearings's Asset Turnover, along with its competitors' market caps and Asset Turnover data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

RBC Bearings Asset Turnover Distribution

For the Industrial Products industry and Industrials sector, RBC Bearings's Asset Turnover distribution charts can be found below:

* The bar in red indicates where RBC Bearings's Asset Turnover falls into.

RBC Bearings Asset Turnover Calculation

Asset Turnover measures how quickly a company turns over its asset through sales.

RBC Bearings's Asset Turnover for the fiscal year that ended in Mar. 2023 is calculated as

	Asset Turnover
=	Revenue	/	Average Total Assets
=	Revenue (A: Mar. 2023 )	/	( (Total Assets (A: Mar. 2022 )	+	Total Assets (A: Mar. 2023 ))	/ count )
=	1469.3	/	( (4845.4	+	4690.4)	/ 2 )
=	1469.3	/	4767.9
=	0.31

RBC Bearings's Asset Turnover for the quarter that ended in Dec. 2023 is calculated as

	Asset Turnover
=	Revenue	/	Average Total Assets
=	Revenue (Q: Dec. 2023 )	/	( (Total Assets (Q: Sep. 2023 )	+	Total Assets (Q: Dec. 2023 ))	/ count )
=	373.9	/	( (4691.7	+	4694.2)	/ 2 )
=	373.9	/	4692.95
=	0.08

Companies with low profit margins tend to have high Asset Turnover, while those with high profit margins have low Asset Turnover. Companies in the retail industry tend to have a very high turnover ratio.

RBC Bearings (NYSE:RBC) Asset Turnover Explanation

Asset Turnover is linked to ROE % through Du Pont Formula.

RBC Bearings's annulized ROE % for the quarter that ended in Dec. 2023 is

	ROE %^**		(Q: Dec. 2023 )
=	Net Income	/	Total Stockholders Equity
=	186.4	/	2665.4
=	(Net Income / Revenue)	*	(Revenue / Total Assets)	*	(Total Assets / Total Stockholders Equity)
=	(186.4 / 1495.6)	*	(1495.6 / 4692.95)	*	(4692.95/ 2665.4)
=	Net Margin %	*	Asset Turnover	*	Equity Multiplier
=	12.46 %	*	0.3187	*	1.7607
=	ROA %	*	Equity Multiplier
=	3.97 %	*	1.7607
=	6.99 %

Note: The Net Income data used here is four times the quarterly (Dec. 2023) net income data. The Revenue data used here is four times the quarterly (Dec. 2023) revenue data.

^** The ROE % used above is for Du Pont Analysis only. It is different from the defined ROE % page on our website, as here it uses Net Income instead of Net Income attributable to Common Stockholders in the calculation.

It is also linked to ROA % through Du Pont Formula:

RBC Bearings's annulized ROA % for the quarter that ended in Dec. 2023 is

	ROA %		(Q: Dec. 2023 )
=	Net Income	/	Total Assets
=	186.4	/	4692.95
=	(Net Income / Revenue)	*	(Revenue / Total Assets)
=	(186.4 / 1495.6)	*	(1495.6 / 4692.95)
=	Net Margin %	*	Asset Turnover
=	12.46 %	*	0.3187
=	3.97 %

Note: The Net Income data used here is four times the quarterly (Dec. 2023) net income data. The Revenue data used here is four times the quarterly (Dec. 2023) revenue data.

Be Aware

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Therefore, it is a good sign if a company's Asset Turnover is consistent or even increases. If a company's asset grows faster than sales, its Asset Turnover will decline, which can be a warning sign.

RBC Bearings Asset Turnover Related Terms

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RBC Bearings (RBC Bearings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » RBC Bearings Inc (NYSE:RBC) » Definitions » Asset Turnover

Comparable Companies

Traded in Other Exchanges

B1X:Germany

Address

102 Willenbrock Road, One Tribology Center, Oxford, CT, USA, 06478

Website

https://www.rbcbearings.com

RBC Bearings Inc is a manufacturer and marketer of precision bearings and products used in aircraft and mechanical systems. The offering includes plain bearings, roller bearings, ball bearings, and engineered products. The products reduce wear in moving parts, facilitate proper power transmission, reduce damage and energy loss, and control pressure and flow. The primary customers for RBC Bearings are industrial markets and aerospace markets such as construction and mining, oil and natural resource extraction, heavy truck, marine, rail and train, packaging, commercial, private and military aircraft engines, and guided weaponry. The end market is the United States of America.

Executives

Michael H. Ambrose	director	ONE TRIBOLOGY CENTER, 102 WILLENBROCK ROAD, OXFORD CT 06478
Michael J Hartnett	officer: President and CEO	RBC BEARINGS, INC., 102 WILLENBROCK ROAD, ONE TRIBOLOGY CENTER, OXFORD CT 06478
Richard R Crowell	director	AURORA CAPITAL PARTNERS LP, 10877 WILSHIRE BOULEVARD SUITE 2100, LOS ANGELES CA 90024
Dolores J Ennico	director	RBC BEARINGS INCORPORATED, ONE TRIBOLOGY CENTER, OXFORD CT 06478
Robert M Sullivan	officer: Corporate Controller	103 STILLWOLD DRIVE, WETHERSFIELD CT 06109
John J. Feeney	officer: Vice President and Secretary	ONE TRIBOLOGY CENTER, 102 WILLENBROCK ROAD, OXFORD CT 06478
Steven H. Kaplan	director	11 LINDEN SHORES, BRANFORD CT 06405
Patrick S. Bannon	officer: V.P. and General Manager	131 WOODS WAY DRIVE, SOUTHBURY CT 06488
Richard J Edwards	officer: V.P. and General Manager	RBC BEARINGS INCORPORATED, ONE TRIBOLOGY CENTER, OXFORD CT 06478
Edward Stewart	director	5715 EAST CHENEY DRIVE, PARADISE VALLEY AZ 85253
Daniel A Bergeron	officer: VP and CFO
Alan B Levine	director
Ernest D Hawkins	officer: Vice President of Finance	102 WILLENBROCK ROAD, OXFORD CT 06478
Amir Faghri	director	RBC BEARINGS INCORPORATED, ONE TRIBOLOGY CENTER, OXFORD CT 06478
Joseph Salamunovich	officer: General Counsel and Secretary	RBC BEARINGS INCORPORATED, ONE TRIBOLOGY CENTER, OXFORD CT 06478