ABM Industries Incorporated (ABM)
Days of inventory on hand (DOH)
| Oct 31, 2023 | Oct 31, 2022 | Oct 31, 2021 | Oct 31, 2020 | Oct 31, 2019 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 97.96 | 90.80 | 67.96 | 68.96 | 83.75 | |
| DOH | days | 3.73 | 4.02 | 5.37 | 5.29 | 4.36 |
October 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 97.96
= 3.73
As there is no explicit data provided for the days of inventory on hand (DOH) for ABM Industries Inc. for the specified years, it is not possible to calculate or analyze the DOH ratio.
The DOH ratio is typically calculated using the formula:
DOH = (Average Inventory / Cost of Goods Sold) x Number of Days in the Period
Without the specific values for average inventory and cost of goods sold for the given years, it is difficult to derive the DOH ratio.
To conduct a thorough analysis of the DOH ratio for ABM Industries Inc., it would be necessary to have access to the company's inventory turnover, average inventory levels, and cost of goods sold data.
It is important to note that the DOH ratio provides insight into how efficiently a company manages its inventory, indicating the number of days a company takes to sell its average inventory. A lower DOH is generally favorable as it suggests faster inventory turnover and efficient management of inventory levels. Conversely, a higher DOH may signal inventory management issues or slow-moving inventory.
In the absence of the specific data for ABM Industries Inc., it is recommended to refer to the company's financial disclosures or reports for a more precise analysis of its inventory management and DOH ratio.
Peer comparison
Oct 31, 2023