RB Global Inc. (RBA)

Cash conversion cycle

		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
Days of inventory on hand (DOH)	days	17.78	23.55	20.85	25.72	33.79	40.95	55.09	90.72	48.43	51.18	68.10	46.55	62.90	37.23	49.87	41.15	51.16	38.46	38.85	36.93
Days of sales outstanding (DSO)	days	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Number of days of payables	days	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Cash conversion cycle	days	17.78	23.55	20.85	25.72	33.79	40.95	55.09	90.72	48.43	51.18	68.10	46.55	62.90	37.23	49.87	41.15	51.16	38.46	38.85	36.93

December 31, 2024 calculation

Cash conversion cycle = DOH + DSO – Number of days of payables
= 17.78 + — – —
= 17.78

RB Global Inc.'s cash conversion cycle has displayed fluctuations over the observed periods. Initially staying within the range of around 36 to 51 days from March 2020 to December 2021, the cycle increased significantly to 90.72 days by March 2023, signifying potential inefficiencies in managing cash flows, inventory, and receivables.

A subsequent decline was witnessed in the following quarters through December 2024, where the cycle reduced to 17.78 days. This reduction may indicate improvements in working capital management efficiency, possibly through enhanced receivables and inventory management practices.

Overall, the trend in the cash conversion cycle showcases a mix of challenges and improvements for RB Global Inc., highlighting the importance of monitoring and optimizing cash flow processes to enhance overall financial performance.