RB Global Inc. (RBA)

Total asset turnover

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	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
Revenue (ttm)	US$ in thousands	4,279,210	4,207,280	4,245,280	4,255,910	3,708,370	3,082,561	2,474,240	1,852,286	1,733,807	1,649,319	1,567,522	1,479,337	1,416,971	1,441,011	1,442,871	1,435,560	1,377,260	1,326,041	1,284,295	1,288,467
Total assets	US$ in thousands	11,807,000	11,932,000	12,077,100	12,032,800	11,975,800	12,012,800	11,911,400	11,868,000	2,863,730	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
Total asset turnover		0.36	0.35	0.35	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

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $4,279,210K ÷ $11,807,000K
= 0.36

RB Global Inc.'s total asset turnover ratio has displayed fluctuations over the years. The ratio measures the efficiency with which the company generates sales in relation to its total assets. From March 31, 2020, to December 31, 2021, the total asset turnover ratio ranged between 0.38 and 0.61, suggesting some variability in asset utilization.

Notably, the ratio peaked at 0.61 on December 31, 2022, indicating that RB Global Inc. generated $0.61 in sales for every dollar of assets during that period. However, there was a significant decline in the total asset turnover ratio in the subsequent quarters, dropping to 0.31 by December 31, 2023. This sharp decrease could indicate potential issues with the company's asset management or sales generation during that period.

By June 30, 2024, the total asset turnover ratio remained relatively stable at 0.35, suggesting a moderate level of asset efficiency in generating sales. Overall, it is essential for RB Global Inc. to monitor and improve its total asset turnover ratio to ensure optimal utilization of assets and boost operational efficiency in the long term.