Ritchie Bros Auctioneers Inc
TSX:RBA
Gross Margin
Ritchie Bros Auctioneers Inc
Gross Margin is the amount of money a company retains after incurring the direct costs associated with producing the goods it sells and the services it provides. The higher the gross margin, the more capital a company retains, which it can then use to pay other costs or satisfy debt obligations.
Gross Margin Across Competitors
| Country | Company | Market Cap |
Gross Margin |
||
|---|---|---|---|---|---|
| CA |
|
Ritchie Bros Auctioneers Inc
TSX:RBA
|
26.6B CAD |
46%
|
|
| US |
|
Cintas Corp
NASDAQ:CTAS
|
89.1B USD |
50%
|
|
| US |
|
Copart Inc
NASDAQ:CPRT
|
46.5B USD |
45%
|
|
| AU |
|
Brambles Ltd
ASX:BXB
|
32.3B AUD |
49%
|
|
| US |
|
Aurora Innovation Inc
NASDAQ:AUR
|
9.1B USD | N/A | |
| FR |
|
Spie SA
PAR:SPIE
|
8B EUR |
44%
|
|
| IN |
|
Indian Railway Catering and Tourism Corporation Ltd
NSE:IRCTC
|
628.2B INR |
45%
|
|
| FR |
|
Elis SA
PAR:ELIS
|
5.8B EUR |
33%
|
|
| US |
I
|
IAA Inc
F:3NI
|
4.9B EUR |
35%
|
|
| UK |
|
HomeServe PLC
LSE:HSV
|
4B GBP |
0%
|
|
| DK |
|
Iss A/S
CSE:ISS
|
31B DKK |
91%
|
Ritchie Bros Auctioneers Inc
Glance View
In the competitive realm of industrial auctions, Ritchie Bros Auctioneers Inc. has carved out a unique niche, transforming the way heavy equipment and trucks are bought and sold. Founded in Kelowna, British Columbia in 1958, the company initially began as a small-scale auctioneering partnership. Over the decades, it evolved into a global leader in asset management and disposition, renowned for its unreserved public auctions where every item is sold to the highest bidder without minimum price restrictions. This unreserved nature works as a key catalyst, generating excitement and encouraging competitive bidding among buyers from a diverse array of industries, including construction, agriculture, and transportation. Online and onsite auction platforms further amplify their reach and accessibility, offering real-time access to goods for bidders worldwide. Ritchie Bros generates most of its revenue from commissions and fees earned on successful auctions. Whether it's a large-scale industrial auction at one of their international facilities or a specialized online event, the company provides a full suite of services to sellers, including appraisals, inventory management, transportation, and refurbishing, effectively positioning itself as a comprehensive solution provider. Their diversification into digital marketplaces, such as the acquisition of IronPlanet, has provided an added dimension to their business model, allowing Ritchie Bros to leverage technology to enhance efficiency and scale operations. Through these multifaceted approaches, the company ensures robust market engagement, facilitating billions of dollars in transaction volumes annually and cementing its reputation as a trusted partner for companies looking to manage their assets effectively.
See Also
Gross Margin is the amount of money a company retains after incurring the direct costs associated with producing the goods it sells and the services it provides. The higher the gross margin, the more capital a company retains, which it can then use to pay other costs or satisfy debt obligations.
Based on Ritchie Bros Auctioneers Inc's most recent financial statements, the company has Gross Margin of 46.2%.
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