RB Global Inc. (RBA)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,679,600 | 1,733,800 | 1,416,970 | 1,377,260 | 1,318,640 |
| Receivables | US$ in thousands | 741,500 | 189,048 | 170,790 | 141,798 | 144,212 |
| Receivables turnover | 4.96 | 9.17 | 8.30 | 9.71 | 9.14 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $3,679,600K ÷ $741,500K
= 4.96
RB Global Inc.'s receivables turnover ratio has exhibited fluctuations over the past five years. The ratio was 4.96 in 2023, a decrease from the prior year's ratio of 9.17. This indicates that the company collected its accounts receivable approximately 4.96 times during the year. The significant drop in the ratio from 2022 to 2023 may signify a slowdown in the collection of receivables, potentially affecting the company's liquidity and cash flow position. Further analysis is recommended to understand the reasons behind this decline and to implement strategies to improve the efficiency of accounts receivable collection in the future.
Peer comparison
Dec 31, 2023