RB Global Inc. (RBA)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 471,300 | 453,500 | 240,147 | 263,160 | 223,202 |
| Revenue | US$ in thousands | 3,679,600 | 1,733,800 | 1,416,970 | 1,377,260 | 1,318,640 |
| Operating profit margin | 12.81% | 26.16% | 16.95% | 19.11% | 16.93% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $471,300K ÷ $3,679,600K
= 12.81%
RB Global Inc.'s operating profit margin has shown variability over the past five years. The company's operating profit margin was 12.81% in 2023, a significant decrease from the previous year's margin of 26.16%. This drop raises concerns about the company's ability to maintain profitability levels. Compared to 2021 and 2020, where the operating profit margins were 16.95% and 19.11% respectively, the 2023 margin appears to be the lowest in recent years. The 2019 operating profit margin was similar to 2023, standing at 16.93%.
It is important for RB Global Inc. to closely monitor and analyze the factors contributing to the decline in operating profit margin in 2023. Further examination of the company's revenue, cost structure, and operational efficiency may be required to identify potential areas for improvement in order to enhance profitability in the future.
Peer comparison
Dec 31, 2023