RB Global Inc. (RBA)

Operating 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
Operating income (ttm)	US$ in thousands	695,100	471,300	367,245	284,945	196,945	454,545	440,309	430,428	428,345	240,147	260,530	274,295	273,578	263,158	261,750	234,526	223,696	223,202	208,045	199,079
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
Operating profit margin		16.43%	12.81%	11.91%	11.52%	10.63%	26.22%	26.70%	27.46%	28.96%	16.95%	18.08%	19.01%	19.06%	19.11%	19.74%	18.26%	17.36%	16.93%	15.50%	15.34%

March 31, 2024 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $695,100K ÷ $4,231,900K
= 16.43%

RB Global Inc.'s operating profit margin has shown fluctuations over the past few quarters. The trend indicates a general decline in operating profit margin from the peak of 28.96% in June 2022 to the recent low of 10.63% in March 2023. This decline may raise concerns about the company's ability to generate profits from its core operations efficiently.

It is worth noting that the operating profit margin saw a significant drop from the high levels in 2022 to the lower levels in 2023. The decrease could be attributed to various factors such as changes in revenue, cost structures, or operational efficiencies. Investors and stakeholders may want to closely monitor RB Global Inc.'s cost management strategies and revenue growth to assess the company's overall financial health and sustainability.

Additionally, the company should focus on improving its operational efficiency and cost control measures to enhance its operating profit margin in the future. Analyzing the underlying reasons for the downward trend and implementing strategic initiatives to address these issues could help RB Global Inc. improve its profitability and performance in the long run.