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