RB Global Inc. (RBA)
Days of inventory on hand (DOH)
Mar 31, 2024 | 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 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Inventory turnover | 5.27 | 5.84 | 5.36 | 4.68 | 3.64 | 6.10 | 6.12 | 4.81 | 7.17 | 5.25 | 7.56 | 5.54 | 6.38 | 5.11 | 9.48 | 8.13 | 7.45 | 6.09 | 7.49 | 5.00 | |
DOH | days | 69.24 | 62.51 | 68.14 | 77.98 | 100.22 | 59.82 | 59.68 | 75.84 | 50.93 | 69.47 | 48.27 | 65.83 | 57.18 | 71.49 | 38.50 | 44.92 | 48.98 | 59.92 | 48.72 | 72.95 |
March 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 5.27
= 69.24
The days of inventory on hand (DOH) for RB Global Inc. fluctuated over the past few quarters. In the latest quarter ending March 31, 2024, the DOH stood at 69.24 days, indicating that, on average, the company held inventory for approximately 69.24 days before selling it. This figure is higher than the previous quarter's DOH of 62.51 days, suggesting that RB Global Inc. may be holding onto inventory for a longer period.
Looking back further, the DOH has shown variability, with a peak of 100.22 days in the first quarter of 2023 and a low of 38.50 days in the third quarter of 2020. Such fluctuations in inventory holding period may reflect changes in demand, production efficiency, or inventory management practices within the company.
It is essential for RB Global Inc. to closely monitor their inventory turnover and assess the reasons behind the variations in DOH to optimize inventory levels, minimize carrying costs, and improve overall operational efficiency. Further analysis, in conjunction with other financial indicators, could provide deeper insights into the company's performance and help in making informed strategic decisions.
Peer comparison
Mar 31, 2024