ABM Industries Incorporated (ABM)
Days of sales outstanding (DSO)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Receivables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |
| DSO | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
January 31, 2024 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ —
= —
Days Sales Outstanding (DSO) is a measure of how long it takes a company to collect its accounts receivable. In the case of ABM Industries Inc., the trend of DSO over the past eight quarters has been relatively stable, ranging from 63.33 days to 67.81 days.
The average DSO for ABM Industries Inc. over this period is approximately 66.11 days. This indicates that, on average, it takes the company about 66 days to collect its outstanding sales, which could suggest that ABM Industries Inc. has a moderate ability to efficiently manage its accounts receivable.
It is important to note that a lower DSO value is generally more favorable as it indicates faster collection of receivables and improved liquidity. Conversely, a higher DSO may indicate potential inefficiencies or difficulties in collecting outstanding sales.
In conclusion, while ABM Industries Inc.'s DSO has remained relatively consistent over the past eight quarters, it would be beneficial for the company to continue monitoring and potentially improving this metric to enhance its working capital management and overall financial health.
Peer comparison
Jan 31, 2024