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.
Peer comparison
Mar 31, 2024