RB Global Inc. (RBA)

Fixed asset turnover

		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
Revenue (ttm)	US$ in thousands	4,279,210	4,207,280	4,245,280	4,255,910	3,708,370	3,082,561	2,474,240	1,852,286	1,733,807	1,649,319	1,567,522	1,479,337	1,416,971	1,441,011	1,442,871	1,435,560	1,377,260	1,326,041	1,284,295	1,288,467
Property, plant and equipment	US$ in thousands	—	—	—	—	—	1,150,400	1,137,900	1,144,900	459,137	444,538	442,743	445,517	449,087	466,162	602,324	483,981	492,127	481,047	475,936	477,327
Fixed asset turnover		—	—	—	—	—	2.68	2.17	1.62	3.78	3.71	3.54	3.32	3.16	3.09	2.40	2.97	2.80	2.76	2.70	2.70

December 31, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $4,279,210K ÷ $—K
= —

The fixed asset turnover ratio of RB Global Inc. has shown fluctuations over the past few years, ranging from a low of 1.62 in March 2023 to a high of 3.78 in December 2022. This ratio measures the efficiency of the company in generating sales from its investment in fixed assets. An increasing trend in this ratio generally indicates that the company is effectively utilizing its fixed assets to generate revenue.

In the most recent period, RB Global Inc. experienced a significant improvement in fixed asset turnover, reaching 3.78 in December 2022. This suggests that the company was able to generate $3.78 in sales for every dollar invested in fixed assets during that period. However, the ratio declined in the following periods, dropping to 1.62 in March 2023 before gradually increasing again.

It is notable that the fixed asset turnover ratio for the last few periods (March 31, 2024 onwards) is not available, indicating that data may not be complete or there could be a change in the company's reporting structure. It is important for investors and analysts to closely monitor this ratio to assess the company's efficiency in utilizing its fixed assets to drive revenue growth.