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