ABM Industries Incorporated (ABM)
Days of inventory on hand (DOH)
| 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 | Oct 31, 2019 | Jul 31, 2019 | Apr 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 83.75 | 62.72 | 63.37 | |
| 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 | 4.36 | 5.82 | 5.76 |
January 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ —
= —
Based on the provided table showing the days of inventory on hand (DOH) for ABM Industries Inc., it appears that specific data points are missing for each quarter over the past several reporting periods.
Analyzing DOH is essential for understanding how efficiently a company manages its inventory levels. A lower DOH indicates a faster turnover of inventory, which can be favorable for reducing carrying costs and potential obsolescence risks. Conversely, a higher DOH may suggest excess inventory levels, leading to increased storage costs and potential write-downs.
Without the specific DOH values for each quarter, it is challenging to assess the trend and draw concrete conclusions regarding ABM Industries Inc.'s inventory management efficiency. To perform a meaningful analysis and provide actionable insights, it would be necessary to obtain the missing data points and compare them over time to identify any patterns or deviations from the industry norms.
Therefore, a more comprehensive and detailed examination, including the calculation and comparison of DOH values for each quarter, is required to evaluate the effectiveness of ABM Industries Inc.'s inventory management practices accurately.
Peer comparison
Jan 31, 2024