RB Global Inc. (RBA)

Days of inventory on hand (DOH)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Inventory turnover		5.87	6.10	5.25	5.11	6.09
DOH	days	62.13	59.82	69.47	71.49	59.92

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 5.87
= 62.13

The days of inventory on hand (DOH) ratio for RB Global Inc. has shown varying trends over the past five years. In 2023, the DOH was 62.13 days, indicating that, on average, the company held its inventory for about 62 days before it was sold. This is an improvement compared to the previous year's DOH of 59.82 days.

Looking further back, in 2021 and 2020, the DOH was 69.47 days and 71.49 days respectively, showing that the company took longer to sell its inventory during those years. However, there was a significant decrease in 2019 when the DOH was 59.92 days, indicating that the company had become more efficient in managing its inventory that year.

Overall, fluctuations in the DOH ratio suggest that RB Global Inc. may have experienced changes in its inventory management practices and sales performance over the past five years. Further analysis of the company's inventory turnover and sales patterns could provide more insights into its operational efficiency and effectiveness in managing inventory levels.