RB Global Inc. (RBA)

Return on equity (ROE)

		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 stockholders’ equity	US$ in thousands	5,016,700	1,289,600	1,070,680	1,007,240	901,833
ROE		4.12%	24.79%	14.18%	16.89%	16.53%

December 31, 2023 calculation

ROE = Net income ÷ Total stockholders’ equity
= $206,500K ÷ $5,016,700K
= 4.12%

RB Global Inc.'s return on equity (ROE) has exhibited significant fluctuations over the past five years. In 2023, the ROE plummeted to 4.12%, marking a substantial decrease compared to the previous year's 24.79%. This decline suggests a sharp decrease in the company's profitability relative to its shareholder equity. The gradual decrease in ROE from 2021 to 2023 indicates declining efficiency in generating profits from the shareholders' investments. It is essential for RB Global Inc. to analyze the underlying factors contributing to this downward trend and implement strategic measures to improve its ROE in order to enhance shareholder value and sustained financial performance.