RB Global Inc. (RBA)
Return on total capital
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 | ||
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Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 716,900 | 496,600 | 386,667 | 303,267 | 212,267 | 463,767 | 447,146 | 434,546 | 431,727 | 242,280 | 264,847 | 280,208 | 279,108 | 271,194 | 271,431 | 243,986 | 233,959 | 231,939 | 216,497 | 212,783 |
Long-term debt | US$ in thousands | 2,921,800 | 3,061,600 | 3,081,000 | 3,104,800 | 3,124,700 | 577,100 | 633,048 | 639,755 | 1,578,420 | 1,733,940 | 632,520 | 625,832 | 626,202 | 626,288 | 622,635 | 614,375 | 613,536 | 627,204 | 671,301 | 686,694 |
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 |
Return on total capital | 8.97% | 6.15% | 4.84% | 3.78% | 2.66% | 24.84% | 23.89% | 23.07% | 15.40% | 8.64% | 15.63% | 16.66% | 17.11% | 16.60% | 17.16% | 16.12% | 16.10% | 15.17% | 14.34% | 14.02% |
March 31, 2024 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $716,900K ÷ ($2,921,800K + $5,066,300K)
= 8.97%
RB Global Inc.'s return on total capital has exhibited fluctuations over the past several quarters. Return on total capital stood at 8.97% as of March 31, 2024, showing an upward trend from the previous quarter. The return had decreased from 6.15% in December 2023 to 4.84% in September 2023 before showing a slight increase in the subsequent quarters.
The return on total capital was notably high at 24.84% as of December 31, 2022, but experienced a significant decline in the following periods. This indicates potential volatility or changes in the company's capital utilization efficiency and profitability levels.
Overall, the company's return on total capital has ranged from 2.66% to 24.84% over the past few quarters, with some variability in performance. Further analysis and comparison with industry benchmarks can help in understanding the effectiveness of RB Global Inc.'s capital management strategies.
Peer comparison
Mar 31, 2024