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.
Peer comparison
Mar 31, 2024