ABM Industries Incorporated (ABM)
Inventory turnover
| Oct 31, 2024 | Oct 31, 2023 | Oct 31, 2022 | Oct 31, 2021 | Oct 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 8,152,500 | 7,689,700 | 7,454,900 | 6,027,700 | 5,889,500 |
| Inventory | US$ in thousands | — | 78,500 | 82,100 | 88,700 | 85,400 |
| Inventory turnover | — | 97.96 | 90.80 | 67.96 | 68.96 |
October 31, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $8,152,500K ÷ $—K
= —
ABM Industries Incorporated's inventory turnover has exhibited a generally increasing trend over the past five years. In 2020, the inventory turnover was 68.96 times, which improved to 67.96 times in the following year. Subsequently, there was a notable increase to 90.80 times in 2022, demonstrating a significant improvement in managing inventory efficiency. Furthermore, in 2023, the inventory turnover continued to rise to 97.96 times, indicating that the company is optimizing its inventory management practices effectively. However, the absence of inventory turnover data for the current year (2024) limits visibility into the company's recent performance. Overall, the increasing trend in inventory turnover suggests a positive trajectory for ABM Industries in effectively utilizing its inventory resources to generate sales.
Peer comparison
Oct 31, 2024