RB Global Inc. (RBA)
Fixed asset turnover
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 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue (ttm) | US$ in thousands | 4,231,900 | 3,679,600 | 3,082,608 | 2,474,308 | 1,852,308 | 1,733,808 | 1,649,273 | 1,567,455 | 1,479,316 | 1,416,971 | 1,441,011 | 1,442,871 | 1,435,560 | 1,377,260 | 1,326,041 | 1,284,295 | 1,288,467 | 1,318,641 | 1,342,419 | 1,297,969 |
Property, plant and equipment | US$ in thousands | 1,214,600 | 1,200,900 | 1,150,400 | 1,137,900 | 1,144,900 | 459,100 | 444,538 | 442,743 | 445,517 | 449,087 | 466,162 | 482,732 | 483,981 | 492,127 | 481,047 | 475,936 | 477,327 | 484,482 | 476,776 | 473,036 |
Fixed asset turnover | 3.48 | 3.06 | 2.68 | 2.17 | 1.62 | 3.78 | 3.71 | 3.54 | 3.32 | 3.16 | 3.09 | 2.99 | 2.97 | 2.80 | 2.76 | 2.70 | 2.70 | 2.72 | 2.82 | 2.74 |
March 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $4,231,900K ÷ $1,214,600K
= 3.48
The fixed asset turnover ratio for RB Global Inc. has fluctuated over the past few quarters. The ratio indicates the efficiency with which the company is utilizing its fixed assets to generate sales revenue. A higher fixed asset turnover ratio is generally preferred as it suggests that the company is generating more revenue per dollar invested in fixed assets.
From the data provided, we can see that the fixed asset turnover ratio ranged from 1.62 to 3.78 over the past eight quarters. The highest ratio of 3.78 was observed in the fourth quarter of 2022, indicating that RB Global Inc. was able to generate $3.78 in sales for every dollar invested in fixed assets during that period. On the other hand, the lowest ratio of 1.62 was recorded in the first quarter of 2023, suggesting a lower level of efficiency in utilizing fixed assets to generate revenue.
Overall, the trend in the fixed asset turnover ratio for RB Global Inc. shows variability, with some quarters demonstrating strong performance in asset utilization while others showing lower efficiency. It is essential for the company to maintain a consistent focus on improving the productivity and effectiveness of its fixed assets to drive increased revenue generation in the long term.
Peer comparison
Mar 31, 2024