RB Global Inc. (RBA)

Return on equity (ROE)

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	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
Net income (ttm)	US$ in thousands	413,100	378,900	366,200	342,000	206,500	167,489	146,998	113,463	319,657	304,963	294,390	301,774	151,868	170,129	183,180	175,474	170,095	172,812	152,691	153,684
Total stockholders’ equity	US$ in thousands	5,226,300	5,211,500	5,154,540	5,542,580	5,470,570	5,393,800	5,401,800	5,343,500	1,289,610	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
ROE		7.90%	7.27%	7.10%	6.17%	3.77%	3.11%	2.72%	2.12%	24.79%	24.62%	23.67%	24.64%	14.18%	16.02%	17.34%	17.45%	16.89%	18.01%	16.98%	18.30%

December 31, 2024 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $413,100K ÷ $5,226,300K
= 7.90%

RB Global Inc.'s return on equity (ROE) has shown fluctuations over the past few years. The ROE started at a decent level of around 18% in 2020 and remained relatively stable until 2021, hovering around the mid to high teens.

However, there was a significant increase in ROE in 2022, reaching levels above 24%, indicating improved profitability and efficiency in utilizing shareholders' equity. This spike in ROE suggests that the company was able to generate more profit with the same level of equity investment.

Unfortunately, in the following periods from 2023 to 2024, RB Global Inc.'s ROE dropped substantially, falling to single-digit percentages. This decline in ROE could indicate challenges faced by the company in maintaining profitability and generating returns for its shareholders.

Overall, the trend in ROE for RB Global Inc. suggests a mix of performance levels, with periods of strong profitability followed by declines. Further analysis of the company's financial statements and operations would be necessary to understand the factors driving these fluctuations in ROE.