RB Global Inc. (RBA)
Operating return on assets (Operating ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 761,200 | 471,300 | 328,079 | 240,147 | 263,160 |
| Total assets | US$ in thousands | 11,807,000 | 12,037,400 | 2,863,730 | 3,592,910 | 2,351,530 |
| Operating ROA | 6.45% | 3.92% | 11.46% | 6.68% | 11.19% |
December 31, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $761,200K ÷ $11,807,000K
= 6.45%
Based on the data provided, RB Global Inc.'s operating return on assets (operating ROA) fluctuated over the past five years. In 2020, RB Global Inc. achieved an operating ROA of 11.19%, indicating a strong performance in generating operating income relative to its assets. However, in 2021, there was a decline in operating ROA to 6.68%, suggesting potential challenges or changes in the company's operations during that period.
The operating ROA improved in 2022 to 11.46%, surpassing the 2020 level, which could indicate successful strategies implemented by RB Global Inc. to enhance operating efficiency and profitability. However, in 2023, there was a significant drop in the operating ROA to 3.92%, signaling potential operational inefficiencies or external factors impacting the company's performance.
By the end of 2024, the operating ROA increased to 6.45%, showing a recovery from the previous year but still below the levels seen in 2020 and 2022. Overall, RB Global Inc.'s operating ROA performance has been varied, reflecting potential fluctuations in the company's operational effectiveness and asset utilization during the analyzed period. Further analysis of the company's financial and operational data may be needed to understand the factors driving these changes in operating ROA.
Peer comparison
Dec 31, 2024