ABM Industries Incorporated (ABM)
Inventory turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 8,152,200 | 7,978,400 | 7,810,900 | 7,765,200 | 7,689,600 | 7,634,000 | 7,617,400 | 7,548,800 | 7,457,600 | 7,165,200 | 6,845,000 | 6,469,400 | 6,021,800 | 5,791,000 | 5,540,100 | 5,706,600 | 5,893,500 | 6,114,000 | 6,403,200 | 6,329,700 |
| Inventory | US$ in thousands | — | — | — | — | 78,500 | 87,200 | 110,800 | 104,600 | 82,100 | 90,700 | 98,200 | 88,000 | 88,700 | 87,800 | 88,800 | 85,100 | 85,400 | 95,800 | 75,000 | 75,300 |
| 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 |
October 31, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $8,152,200K ÷ $—K
= —
ABM Industries Incorporated's inventory turnover has shown variability over the past few years. The ratio indicates how efficiently the company is managing its inventory by measuring the number of times inventory is sold and replaced during a specific time period.
From October 2020 to January 2023, the inventory turnover ratio ranged from 62.39 to 72.17, showing relatively stable performance. However, there was a significant increase in inventory turnover from January 2023 to October 2023, reaching 97.96, which suggests a more efficient management of inventory during this period.
Subsequently, the ratio fluctuated between 87.55 and 79.00 from October 2023 to July 2024 before decreasing to 69.70 in the most recent period ending October 2024. This downward trend may indicate slower sales or an increase in inventory levels, which could potentially impact the company's profitability and liquidity.
Overall, while ABM Industries has demonstrated periods of strong inventory turnover, there are recent fluctuations that warrant further investigation to ensure optimal inventory management practices are maintained to support the company's financial health.
Peer comparison
Oct 31, 2024
Oct 31, 2024