RB Global Inc. (RBA)

Payables 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
Payables	US$ in thousands	151,100	149,000	142,900	170,900	161,800	93,843	—	—	—	98,632	—	—	—	84,282	—	—	—	—	—	—
Payables turnover		6.03	6.52	6.52	4.93	4.67	6.70	—	—	—	5.46	—	—	—	5.23	—	—	—	—	—	—

March 31, 2024 calculation

Payables turnover = Cost of revenue (ttm) ÷ Payables
= $911,400K ÷ $151,100K
= 6.03

RB Global Inc.'s payables turnover has varied over the past several quarters. The payables turnover ratio indicates how efficiently the company is managing its payables. A higher payables turnover ratio suggests that the company is paying off its suppliers more quickly.

From the data provided, we see fluctuations in the payables turnover ratio. In the most recent quarter, ending March 31, 2024, the payables turnover ratio was 6.03, indicating that the company paid off its suppliers approximately 6.03 times during that period. This was a slight decrease from the previous quarter's ratio of 6.52.

Looking back further, we observe some variability in the payables turnover ratio, with values ranging from 4.67 to 6.70 over the past few quarters. This indicates that the company's payment practices may have changed, affecting how quickly it settles its payables.

Overall, a higher payables turnover ratio could indicate efficient cash flow management and strong supplier relationships. However, it is essential to consider industry norms and compare the company's ratio to its peers for a more comprehensive analysis of its payables management.