RB Global Inc. (RBA)

Return on equity (ROE)

		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 stockholders’ equity	US$ in thousands	5,066,300	5,016,700	4,911,800	4,919,800	4,861,500	1,289,600	1,238,800	1,243,680	1,224,980	1,070,680	1,061,940	1,056,330	1,005,520	1,007,240	959,484	899,054	839,805	901,833	838,164	830,684
ROE		6.75%	4.12%	3.41%	2.99%	2.33%	24.79%	24.62%	23.67%	24.64%	14.18%	16.02%	17.34%	17.45%	16.89%	18.01%	16.98%	18.30%	16.53%	15.86%	15.75%

March 31, 2024 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $342,000K ÷ $5,066,300K
= 6.75%

RB Global Inc.'s return on equity (ROE) has displayed a fluctuating trend over the past few quarters. The ROE was relatively low at 6.75% in March 2024, showing a slight increase from the previous quarter's 4.12%. However, compared to the exceptionally high ROE figures of around 24-25% in the second half of 2022, the recent ROE values have been significantly lower.

This decline in ROE could indicate challenges in generating profit from shareholders' equity. It is crucial for the company to analyze the factors contributing to this decrease and take necessary steps to improve ROE. Monitoring key performance indicators and implementing strategic measures are essential in enhancing shareholder value and sustaining long-term profitability.