RB Global Inc. (RBA)

Return on assets (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
Net income (ttm)	US$ in thousands	342,000	206,500	167,457	146,957	113,457	319,657	304,995	294,431	301,780	151,868	170,130	183,181	175,475	170,096	172,812	152,691	153,684	149,039	132,952	130,824
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
ROA		2.84%	1.72%	1.39%	1.23%	0.96%	11.16%	10.81%	10.17%	7.80%	4.23%	6.60%	7.03%	6.68%	7.23%	6.81%	6.16%	6.90%	6.69%	5.64%	5.51%

March 31, 2024 calculation

ROA = Net income (ttm) ÷ Total assets
= $342,000K ÷ $12,045,200K
= 2.84%

RB Global Inc.'s return on assets (ROA) has shown some fluctuations over the past several quarters. The ROA for the most recent quarter stood at 2.84%, exhibiting an improvement compared to the previous quarter. However, it is important to note that the ROA has been relatively low in recent quarters, hovering below 2% for some periods.

Looking further back in time, RB Global Inc. experienced a significant spike in ROA in the last quarter of 2022 and the first quarter of 2023, reaching double-digit figures of 11.16% and 10.81%, respectively. This indicates a period of strong profitability relative to the company's assets.

Overall, the trend in ROA suggests that RB Global Inc. has seen periods of both strong and weaker asset utilization and profitability. It would be advisable for stakeholders to monitor the company's performance closely and analyze the underlying factors impacting its ROA to assess the sustainability of its profitability levels.