RB Global Inc. (RBA)

Total asset 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
Total assets	US$ in thousands	12,037,400	2,863,700	3,592,910	2,351,530	2,229,430
Total asset turnover		0.31	0.61	0.39	0.59	0.59

December 31, 2023 calculation

Total asset turnover = Revenue ÷ Total assets
= $3,679,600K ÷ $12,037,400K
= 0.31

RB Global Inc.'s total asset turnover has exhibited fluctuation over the past five years. In 2023, the total asset turnover was 0.31, reflecting a decrease from the previous year. This indicates that for each dollar of assets, the company generated $0.31 in sales. The declining trend in total asset turnover may suggest inefficiency in asset utilization or a decrease in sales relative to its asset base. Further analysis is recommended to understand the underlying factors contributing to the change in performance and to identify potential areas for improvement in operational efficiency and revenue generation.