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.