RB Global Inc. (RBA)

Inventory 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
Cost of revenue (ttm) US$ in thousands 911,400 972,200 931,581 842,093 754,984 629,096 619,599 601,413 565,405 538,481 485,440 476,455 461,599 440,510 588,816 512,657 460,098 395,668 397,745 394,416
Inventory US$ in thousands 172,900 166,500 173,900 179,900 207,300 103,100 101,302 124,964 78,890 102,494 64,201 85,930 72,314 86,278 62,101 63,089 61,747 64,956 53,092 78,829
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

March 31, 2024 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $911,400K ÷ $172,900K
= 5.27

RB Global Inc.'s inventory turnover has fluctuated over the past several quarters. The company's inventory turnover ratio ranged from a low of 3.64 in March 2023 to a high of 9.48 in September 2020. In general, a higher inventory turnover ratio indicates that the company is selling its inventory more quickly.

The company experienced a significant increase in inventory turnover in the quarter ending September 2020, suggesting efficient management of inventory levels. Although there was a subsequent decrease in inventory turnover in the following quarters, the ratios remained above 5. This indicates that RB Global Inc. has been able to maintain a relatively healthy level of inventory turnover throughout.

It is important to note that inventory turnover ratios can be influenced by various factors, such as changes in sales volume, pricing strategies, and inventory management practices. Therefore, RB Global Inc. may benefit from further analysis to determine the specific drivers behind the fluctuations in its inventory turnover ratios and to optimize its inventory management strategies.


Peer comparison

Mar 31, 2024

Mar 31, 2024