RB Global Inc. (RBA)

Total asset 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
Total assets	US$ in thousands	12,045,200	12,037,400	12,012,800	11,911,400	11,868,000	2,863,700	2,822,570	2,893,960	3,867,410	3,592,910	2,576,350	2,606,980	2,626,690	2,351,530	2,537,990	2,478,510	2,227,720	2,229,430	2,357,830	2,375,110
Total asset turnover		0.35	0.31	0.26	0.21	0.16	0.61	0.58	0.54	0.38	0.39	0.56	0.55	0.55	0.59	0.52	0.52	0.58	0.59	0.57	0.55

March 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $4,231,900K ÷ $12,045,200K
= 0.35

RB Global Inc.'s total asset turnover has shown fluctuations over the past few quarters. The ratio indicates how efficiently the company is using its assets to generate revenue. A higher total asset turnover signifies that the company is generating more sales relative to its total assets.

From the data provided, it is evident that there has been a general decreasing trend in total asset turnover from 0.61 in March 2022 to 0.35 in March 2024, with variations in between. This could suggest that the company's efficiency in generating revenue from its assets has declined over this period.

It is important for RB Global Inc. to analyze the factors contributing to this trend in total asset turnover, as it could indicate inefficiencies in asset utilization or changes in the company's business model. Further investigation and comparison with industry benchmarks may provide insights into areas for improvement and strategies to enhance asset turnover in the future.