RB Global Inc. (RBA)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 413,100 | 206,500 | 319,700 | 119,135 | 170,095 |
| Total assets | US$ in thousands | 11,807,000 | 12,037,400 | 2,863,730 | 3,592,910 | 2,351,530 |
| ROA | 3.50% | 1.72% | 11.16% | 3.32% | 7.23% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $413,100K ÷ $11,807,000K
= 3.50%
RB Global Inc.'s return on assets (ROA) has exhibited fluctuations over the past five years. The ROA was at 7.23% as of December 31, 2020, reflecting a relatively strong performance. However, by December 31, 2021, the ROA decreased to 3.32%, indicating a decline in the company's efficiency in generating profits from its assets.
In the following year, as of December 31, 2022, RB Global Inc. experienced a notable improvement in ROA, reaching 11.16%, suggesting enhanced profitability relative to the previous year. However, this positive trend was not sustained as the ROA fell sharply to 1.72% by December 31, 2023, signifying challenges in effectively leveraging its assets to generate earnings.
By December 31, 2024, the ROA slightly rebounded to 3.50%, reflecting a modest recovery in asset efficiency. Overall, RB Global Inc.'s ROA performance has shown variability, indicating the need for continuous monitoring and strategic asset management to optimize profitability.
Peer comparison
Dec 31, 2024