RB Global Inc. (RBA)

Receivables 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
Receivables	US$ in thousands	959,200	741,500	951,900	938,800	809,500	189,048	309,969	304,003	307,596	170,790	261,061	277,156	296,939	141,798	334,094	333,866	253,754	144,212	260,413	345,289
Receivables turnover		4.41	4.96	3.24	2.64	2.29	9.17	5.32	5.16	4.81	8.30	5.52	5.21	4.83	9.71	3.97	3.85	5.08	9.14	5.15	3.76

March 31, 2024 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $4,231,900K ÷ $959,200K
= 4.41

RB Global Inc.'s receivables turnover ratio has fluctuated over the periods analyzed. A higher receivables turnover ratio indicates that the company is collecting its accounts receivable more efficiently.

In the most recent period, as of March 31, 2024, RB Global Inc. had a receivables turnover ratio of 4.41. This signifies that, on average, the company collected its accounts receivable approximately 4.41 times during the period, suggesting a moderate level of efficiency in collecting payments from customers.

Looking at the historical trend, the company experienced a significant increase in receivables turnover in December 2022, with a ratio of 9.17, indicating a very efficient collection process. However, this high turnover was not sustained in subsequent periods, as the ratio decreased to 2.29 in March 2023 and has since fluctuated between 2.29 and 5.32.

Overall, RB Global Inc. should closely monitor its receivables turnover ratio to ensure timely collections and manage credit risk effectively. It is important for the company to strike a balance between efficient collections and maintaining good customer relationships. Further analysis and comparison with industry benchmarks may provide additional insights into the company's receivables management performance.