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.