RB Global Inc. (RBA)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 4,284,200 | 3,679,600 | 1,733,810 | 1,416,970 | 1,377,260 |
| Property, plant and equipment | US$ in thousands | — | — | 459,137 | 449,087 | 492,127 |
| Fixed asset turnover | — | — | 3.78 | 3.16 | 2.80 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $4,284,200K ÷ $—K
= —
The fixed asset turnover ratio of RB Global Inc. has shown a positive trend over the past few years. The ratio has increased steadily, from 2.80 in December 31, 2020, to 3.16 in December 31, 2021, and further to 3.78 in December 31, 2022. This indicates that the company is generating more revenue for each dollar invested in fixed assets, reflecting improved operational efficiency and effective utilization of its fixed assets.
However, the data is missing for December 31, 2023, and December 31, 2024, making it challenging to assess the trend beyond 2022. It is important to investigate the reasons behind these missing data points and monitor future developments to understand the company's performance in utilizing its fixed assets effectively. Overall, the increasing trend in the fixed asset turnover ratio until 2022 suggests that RB Global Inc. has been managing its fixed assets efficiently to drive revenue growth.
Peer comparison
Dec 31, 2024