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