RB Global Inc. (RBA)

Operating return on assets (Operating ROA)

		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
Total assets	US$ in thousands	12,045,200	12,037,400	12,012,800	11,911,400	11,868,000	2,863,700	2,822,570	2,893,960	3,867,410	3,592,910	2,576,350	2,606,980	2,626,690	2,351,530	2,537,990	2,478,510	2,227,720	2,229,430	2,357,830	2,375,110
Operating ROA		5.77%	3.92%	3.06%	2.39%	1.66%	15.87%	15.60%	14.87%	11.08%	6.68%	10.11%	10.52%	10.42%	11.19%	10.31%	9.46%	10.04%	10.01%	8.82%	8.38%

March 31, 2024 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $695,100K ÷ $12,045,200K
= 5.77%

Operating ROA measures RB Global Inc.'s ability to generate profits from its operational activities relative to its total assets. The trend analysis of the operating ROA shows fluctuations over the past several quarters.

In the most recent quarter, ending March 31, 2024, the operating ROA stood at 5.77%, representing an increase from the previous quarter's 3.92%. This improvement indicates that RB Global Inc. is becoming more efficient in generating profits from its assets through operating activities.

Looking back over the past few quarters, there have been variations in the operating ROA. The ratios were relatively low in the quarters ending June 2021 to March 2022, varying between 8.38% and 11.19%. However, there was a significant jump in the quarters ending December 2022 and March 2023, where the ratios surged to above 15%. This spike in performance was followed by a decline in the subsequent quarters until the recent improvement in March 2024.

Overall, RB Global Inc.'s operating ROA has displayed fluctuations over the analyzed periods, with some quarters showing higher efficiency in utilizing assets to generate income compared to others. It is crucial for the company to sustain or improve its operating ROA to ensure consistent profitability and operational performance in the long term.