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RB Global (RB Global) Total Inventories : $167 Mil (As of Dec. 2023)


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What is RB Global Total Inventories?

RB Global's total inventories for the quarter that ended in Dec. 2023 was $167 Mil. RB Global's average total inventories from the quarter that ended in Sep. 2023 to the quarter that ended in Dec. 2023 was $170 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. RB Global's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-33.50.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. RB Global's Days Inventory for the three months ended in Dec. 2023 was 28.38.

Inventory Turnover measures how fast the company turns over its inventory within a year. RB Global's Inventory Turnover for the quarter that ended in Dec. 2023 was 3.22.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. RB Global's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.16.


RB Global Total Inventories Historical Data

The historical data trend for RB Global's Total Inventories can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

RB Global Total Inventories Chart

RB Global Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Total Inventories
Get a 7-Day Free Trial Premium Member Only Premium Member Only 64.96 86.28 102.49 103.10 166.50

RB Global Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Total Inventories Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 103.10 207.30 179.90 173.90 166.50

RB Global Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.


RB Global  (NYSE:RBA) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

RB Global's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is

Net-Net Working Capital Per Share (Q: Dec. 2023 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(576.2+0.75 * 315.8+0.5 * 166.5-7010
-0-10.7)/182.844
=-33.50

2. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

RB Global's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory=Average Total Inventories (Q: Dec. 2023 )/Cost of Goods Sold (Q: Dec. 2023 )*Days in Period
=170.2/547.3*365 / 4
=28.38

3. Inventory Turnover measures how fast the company turns over its inventory within a year.

RB Global's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover=Cost of Goods Sold (Q: Dec. 2023 ) / Average Total Inventories (Q: Dec. 2023 )
=547.3 / 170.2
=3.22

4. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

RB Global's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Dec. 2023 ) / Revenue (Q: Dec. 2023 )
=170.2 / 1040.9
=0.16

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Be Aware

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.


RB Global Total Inventories Related Terms

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RB Global (RB Global) Business Description

Traded in Other Exchanges
Address
Two Westbrook Corporate Center, Suite 500, Westchester, IL, USA, 60154
RB Global operates the world's largest auction for heavy equipment. The company started as a live auctioneer of industrial equipment, since then it has greatly expanded its operations to include the sale of construction, agricultural, oilfield, and transportation equipment. RB Global operates over 40 live auction sites in more than 12 countries, along with online marketplaces, including IronPlanet, Marketplace-E, and GovPlanet. Its agricultural auctions are frequently much smaller venues and can include liquidations of single farms. The company holds over 300 auctions yearly and sells $6 billion worth of equipment.
Executives
Darren Jeffrey Watt officer: Gen. Counsel & Corp. Secretary C/O RITCHIE BROS. AUCTIONEERS INC., 9500 GLENLYON PARKWAY, BURNABY A1 V5J 0C6
James J Jeter officer: President, Sales U.S. C/O RITCHIE BROS. AUCTIONEERS INC., 9500 GLENLYON PARKWAY, BURNABY A1 V5J 0C6
Ann Fandozzi director, officer: CEO C/O RITCHIE BROS. AUCTIONEERS INC, 9500 GLENLYON PARKWAY, BURNABY A1 V5J 0C6
James Francis Kessler officer: Chief Operating Officer C/O RITCHIE BROS. AUCTIONEERS INC., 9500 GLENLYON PARKWAY, BURNABY A1 V5J 0C6
Timothy J. O'day director TWO WESTBROOK CORPORATE CENTER, SUITE 50, WESTCHESTER IL 60154
Baron Concors officer: Chief Information Officer C/O 9500 GLENLYON PARKWAY, BURNABY A0 V5J 0C6
Andrew John Fesler officer: Chief People Officer C/O RB GLOBAL, INC., 2 WESTBROOK CORPORATE CENTER, WESTCHESTER IL 60154
Megan Anne Cash officer: Principal Fin. & Acctg Officer C/O RB GLOBAL, INC., 2 WESTBROOK CORPORATE CENTER, WESTCHESTER IL 60154
Erik Olsson director C/O RSC HOLDINGS INC., 6929 E. GREENWAY PARKWAY, SCOTTSDALE AZ 85254
Michael D Sieger director C/O THE PROGRESSIVE CORPORATION, 6300 WILSON MILLS ROAD, MAYFIELD VILLAGE OH 44143
Adam Dewitt director 39 SOUTH LASALLE STREET, SUITE 220, CHICAGO IL 60603
Sarah E. Raiss director 6565 N. MACARTHUR BLVD., SUITE 800, IRVING TX 75039
Carol Stephenson director 300 RENAISSANCE CENTER, M/C:482-C24-A68, DETROIT MI 48265-3000
Robert George Elton director C/O RITCHIE BROS. AUCTIONEERS INC., 9500 GLENLYON PARKWAY, BURNABY A1 V5J 0C6
Lisa Hook director NEUSTAR, INC. - C/O DENIS CURRAN, 46000 CENTER OAK PLAZA, STERLING VA 20166