ABM Industries Incorporated (ABM)
Days of inventory on hand (DOH)
| Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | Jan 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | — | — | — | — | 97.96 | 87.55 | 68.75 | 72.17 | 90.84 | 79.00 | 69.70 | 73.52 | 67.89 | 65.96 | 62.39 | 67.06 | 69.01 | 63.82 | 85.38 | 84.06 | |
| DOH | days | — | — | — | — | 3.73 | 4.17 | 5.31 | 5.06 | 4.02 | 4.62 | 5.24 | 4.96 | 5.38 | 5.53 | 5.85 | 5.44 | 5.29 | 5.72 | 4.28 | 4.34 |
October 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ —
= —
The days of inventory on hand (DOH) for ABM Industries Incorporated have shown some fluctuations over the past several quarters. In general, a lower DOH indicates that the company is selling inventory more quickly, which is beneficial as it reduces holding costs and the risk of obsolescence.
In the most recent quarter, ending October 31, 2024, the DOH data is not available. However, if we look at the trend leading up to this point, we observe that the DOH has been decreasing from 5.85 days in January 2021 to around 4 days in recent quarters, with some minor fluctuations.
The decreasing trend in DOH suggests that ABM Industries has been managing its inventory efficiently and is turning over its inventory at a faster rate compared to the previous periods. This can potentially indicate effective inventory management practices, such as forecasting demand accurately, optimizing production levels, and managing timely deliveries.
Overall, a decreasing trend in days of inventory on hand is a positive sign for the company, as it indicates effective inventory management and could lead to improved liquidity and profitability in the long run.
Peer comparison
Oct 31, 2024