RB Global Inc. (RBA)

Net 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
Net income (ttm)	US$ in thousands	342,000	206,500	167,457	146,957	113,457	319,657	304,995	294,431	301,780	151,868	170,130	183,181	175,475	170,096	172,812	152,691	153,684	149,039	132,952	130,824
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
Net profit margin		8.08%	5.61%	5.43%	5.94%	6.13%	18.44%	18.49%	18.78%	20.40%	10.72%	11.81%	12.70%	12.22%	12.35%	13.03%	11.89%	11.93%	11.30%	9.90%	10.08%

March 31, 2024 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $342,000K ÷ $4,231,900K
= 8.08%

RB Global Inc.'s net profit margin has fluctuated over the past several quarters, ranging from a low of 5.43% in September 2023 to a high of 20.40% in March 2022. The net profit margin indicates that the company is generating between 5.43% and 20.40% in profits for every dollar of revenue generated. The substantial decrease in net profit margin from the highs of 18.44% and above in the previous quarters to below 10% in recent quarters might indicate a reduction in profitability or increased costs relative to revenue. This trend suggests that RB Global Inc. may have experienced challenges in maintaining consistent profitability in recent quarters and may need to closely monitor and manage its expenses and revenue generation going forward to improve its overall financial performance.