RB Global Inc. (RBA)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 4,284,200 | 3,679,600 | 1,733,810 | 1,416,970 | 1,377,260 |
| Total assets | US$ in thousands | 11,807,000 | 12,037,400 | 2,863,730 | 3,592,910 | 2,351,530 |
| Total asset turnover | 0.36 | 0.31 | 0.61 | 0.39 | 0.59 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $4,284,200K ÷ $11,807,000K
= 0.36
RB Global Inc.'s total asset turnover has fluctuated over the years based on the data provided. It was 0.59 in 2020, 0.39 in 2021, 0.61 in 2022, 0.31 in 2023, and 0.36 in 2024. A total asset turnover ratio below 1 indicates that the company is generating less in sales compared to its total assets. This trend suggests that the company may not be efficiently utilizing its assets to generate revenue. The decrease in total asset turnover from 2020 to 2021 could suggest a decrease in sales relative to total assets, which could indicate inefficiencies in asset management or declining sales. However, the increase in 2022 followed by a decrease in 2023 and a slight increase in 2024 may indicate fluctuations in the company's operational efficiency and effectiveness in utilizing its assets to generate revenue. Further analysis is recommended to understand the factors driving these fluctuations and to assess the company's overall financial performance.
Peer comparison
Dec 31, 2024