RB Global Inc. (RBA)

Return on total capital

		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
Earnings before interest and tax (EBIT) (ttm)	US$ in thousands	784,406	745,673	734,368	709,430	488,381	382,638	302,975	213,165	302,838	286,090	271,510	268,744	240,994	263,594	282,063	281,777	274,113	286,559	256,207	244,860
Long-term debt	US$ in thousands	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
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
Return on total capital		15.01%	14.31%	14.25%	12.80%	8.93%	7.09%	5.61%	3.99%	23.48%	23.09%	21.83%	21.94%	22.51%	24.82%	26.70%	28.02%	27.21%	29.87%	28.50%	29.16%

December 31, 2024 calculation

Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $784,406K ÷ ($—K + $5,226,300K)
= 15.01%

RB Global Inc.'s return on total capital has displayed some fluctuations over the past few years. It was relatively stable between March 2020 and March 2021, ranging from 27.21% to 29.87%. However, from June 2021 to June 2022, there was a gradual decline in the return on total capital, dropping to 21.83%.

This declining trend reversed starting from March 2023, with the return on total capital steadily increasing each quarter through December 2024, reaching 15.01%. This positive trend suggests that the company's ability to generate profits from its total capital has improved over the past few years. However, it is important for RB Global Inc. to continue monitoring and enhancing its return on capital to ensure sustainable and profitable operations in the future.