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