RB Global Inc. (RBA)

Days of inventory on hand (DOH)

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	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
Inventory turnover		20.53	15.50	17.50	14.19	10.80	8.91	6.63	4.02	7.54	7.13	5.36	7.84	5.80	9.80	7.32	8.87	7.13	9.49	9.39	9.88
DOH	days	17.78	23.55	20.85	25.72	33.79	40.95	55.09	90.72	48.43	51.18	68.10	46.55	62.90	37.23	49.87	41.15	51.16	38.46	38.85	36.93

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 20.53
= 17.78

RB Global Inc.'s days of inventory on hand (DOH) has shown fluctuations over the past years. As of December 31, 2024, the company had a significantly lower DOH of 17.78 days compared to the peak of 90.72 days on March 31, 2023. This decrease could indicate more efficient inventory management or a decrease in sales that led to lower inventory levels.

The trend in DOH fluctuates throughout the data period, although it generally shows a decreasing pattern from 2022 to 2024. This may suggest that RB Global Inc. has been successful in optimizing its inventory turnover rate, potentially reducing carrying costs and improving cash flow.

However, it is important to note the sudden increase in DOH from 2023 to the first half of 2024. This spike may indicate issues such as overstocking or slow-moving inventory that the company needs to address to maintain optimal inventory levels and operational efficiency.

Overall, a low DOH indicates that RB Global Inc. is efficiently managing its inventory, while a high DOH may signal potential issues that need to be addressed to optimize working capital and operational performance.