RB Global Inc. (RBA)
Profitability ratios
Return on sales
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Gross profit margin | 100.00% | 48.33% | 55.20% | 58.02% | 55.30% |
| Operating profit margin | 17.77% | 12.81% | 18.92% | 16.95% | 19.11% |
| Pretax margin | 12.84% | 7.67% | 23.42% | 14.48% | 17.13% |
| Net profit margin | 9.64% | 5.61% | 18.44% | 8.41% | 12.35% |
RB Global Inc. has shown varying profitability margins over the past five years. The gross profit margin has fluctuated, starting at 55.30% in 2020, increasing to 58.02% in 2021, then decreasing to 55.20% in 2022, and dropping significantly to 48.33% in 2023 before surging to 100.00% in 2024. This sudden jump in the gross profit margin in 2024 warrants further investigation to understand the underlying reasons.
Similarly, the operating profit margin of RB Global Inc. followed a similar trend, starting at 19.11% in 2020, decreasing to 16.95% in 2021, increasing to 18.92% in 2022, declining sharply to 12.81% in 2023, and rising to 17.77% in 2024. The company saw fluctuations in its operating efficiency over the years, with notable changes in the margins.
The pretax margin of RB Global Inc. depicts significant variability, starting at 17.13% in 2020, dropping to 14.48% in 2021, increasing substantially to 23.42% in 2022, decreasing to 7.67% in 2023, and rebounding to 12.84% in 2024. This indicates that the company experienced fluctuations in its profitability before tax, potentially due to changes in revenue, expenses, or tax implications.
Finally, the net profit margin of RB Global Inc. showcases a similar pattern, starting at 12.35% in 2020, declining to 8.41% in 2021, increasing to 18.44% in 2022, decreasing to 5.61% in 2023, and recovering slightly to 9.64% in 2024. The company's bottom line profitability varied throughout the years, reflecting the changing dynamics impacting its net income generation.
Overall, RB Global Inc. has experienced fluctuations in its profitability margins over the past five years, suggesting changes in its operational efficiency, cost structure, revenue streams, and possibly exceptional events that warrant further investigation to understand the company's financial performance comprehensively.
Return on investment
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 6.45% | 3.92% | 11.46% | 6.68% | 11.19% |
| Return on assets (ROA) | 3.50% | 1.72% | 11.16% | 3.32% | 7.23% |
| Return on total capital | 15.00% | 10.07% | 34.54% | 22.42% | 26.49% |
| Return on equity (ROE) | 7.90% | 4.12% | 24.79% | 11.13% | 16.89% |
RB Global Inc.'s profitability ratios exhibit variation over the years. Starting with the Operating Return on Assets (Operating ROA), the company saw a notable decrease from 11.19% in 2020 to 6.68% in 2021, followed by a recovery to 11.46% in 2022. However, there was a significant drop to 3.92% in 2023, and a moderate recovery to 6.45% in 2024.
In terms of Return on Assets (ROA), there was a decline from 7.23% in 2020 to 3.32% in 2021, a substantial increase to 11.16% in 2022, a decline to 1.72% in 2023, and a slight recovery to 3.50% in 2024.
The Return on Total Capital showed a similar trend, with a decrease from 26.49% in 2020 to 22.42% in 2021, followed by an increase to 34.54% in 2022. However, this metric dropped to 10.07% in 2023 and further decreased to 15.00% in 2024.
Lastly, the Return on Equity (ROE) displayed fluctuation, with a decrease from 16.89% in 2020 to 11.13% in 2021, an increase to 24.79% in 2022, a significant decline to 4.12% in 2023, and a slight recovery to 7.90% in 2024.
Overall, RB Global Inc.'s profitability ratios show varying performance levels over the years, indicating fluctuations in the company's ability to generate income in relation to its assets, capital, and equity. Further analysis and investigation into the company's financial strategies and operational efficiencies may be warranted to understand the underlying reasons for these changes in profitability.