RB Global Inc. (RBA)

Return on assets (ROA)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	206,500	319,700	151,868	170,095	149,039
Total assets	US$ in thousands	12,037,400	2,863,700	3,592,910	2,351,530	2,229,430
ROA		1.72%	11.16%	4.23%	7.23%	6.69%

December 31, 2023 calculation

ROA = Net income ÷ Total assets
= $206,500K ÷ $12,037,400K
= 1.72%

RB Global Inc.'s return on assets (ROA) has fluctuated over the past five years. In 2023, the ROA decreased significantly to 1.72% from 11.16% in 2022. This sharp decline suggests a decrease in the company's profitability in generating earnings from its assets. Comparing this to the ROA of 4.23% in 2021, the company's performance in 2023 appears weak.

The ROA of 7.23% in 2020 was higher than in 2023, indicating that the company was more efficient in generating profits from its assets in 2020 compared to the most recent year. Moreover, the ROA in 2019 was 6.69%, slightly lower than that in 2020, but still higher than the ROA in 2023.

Overall, RB Global Inc.'s ROA has shown a mixed performance over the past five years, with a notable decline in 2023. Further analysis into the company's asset utilization and profitability ratios may be required to understand the underlying factors contributing to the fluctuation in ROA.