RB Global Inc. (RBA)

Days of inventory on hand (DOH)

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Inventory turnover		18.76	11.42	7.54	5.80	7.13
DOH	days	19.45	31.97	48.43	62.90	51.16

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 18.76
= 19.45

The days of inventory on hand (DOH) for RB Global Inc. has shown fluctuations over the years, indicating changes in inventory management efficiency.

- On December 31, 2020, the DOH was at 51.16 days, suggesting that the company held its inventory for about 51 days before it was sold or used.
- By December 31, 2021, the DOH increased to 62.90 days, reflecting a longer period of time that inventory remained on hand.
- In the following year, December 31, 2022, the DOH decreased to 48.43 days, possibly indicating improved inventory turnover efficiency.
- Subsequently, on December 31, 2023, there was a significant reduction in DOH to 31.97 days, implying that the company was able to sell or use its inventory at a faster rate.
- The latest data point, on December 31, 2024, shows a further decrease in DOH to 19.45 days, signaling even more efficient inventory management practices.

Overall, the trend in the days of inventory on hand for RB Global Inc. reveals a positive trajectory towards better inventory control and management, potentially leading to improved cash flow and operational efficiency in the company.