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.


Peer comparison

Mar 31, 2024