RB Global Inc. (RBA)
Gross profit margin
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 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Gross profit (ttm) | US$ in thousands | 3,320,500 | 2,707,400 | 2,150,981 | 1,632,148 | 1,097,303 | 1,104,712 | 1,029,720 | 966,109 | 913,932 | 878,490 | 1,080,214 | 1,091,059 | 1,098,604 | 1,061,393 | 1,010,174 | 1,044,587 | 1,101,318 | 1,195,922 | 1,219,700 | 1,178,579 |
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 |
Gross profit margin | 78.46% | 73.58% | 69.78% | 65.96% | 59.24% | 63.72% | 62.43% | 61.64% | 61.78% | 62.00% | 74.96% | 75.62% | 76.53% | 77.07% | 76.18% | 81.34% | 85.48% | 90.69% | 90.86% | 90.80% |
March 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $3,320,500K ÷ $4,231,900K
= 78.46%
RB Global Inc.'s gross profit margin has shown fluctuations over the past several quarters. The company's gross profit margin has ranged from as low as 59.24% to as high as 78.46% over the last five quarters. There is a general trend of improvement in the gross profit margin from the first quarter of 2020 to the first quarter of 2024.
The gross profit margin peaked at 90.86% in the fourth quarter of 2019 and then gradually declined until the first quarter of 2023, reaching a low of 59.24%. However, there has been a significant recovery since then, with the gross profit margin increasing steadily to 78.46% by the first quarter of 2024. It is evident that the company has made efforts to improve its gross profit margin performance.
It is important to further investigate the factors contributing to these fluctuations in the gross profit margin to assess the company's operational efficiency, pricing strategy, cost management, and overall financial health.
Peer comparison
Mar 31, 2024