ABM Industries Incorporated (ABM)
Number of days of payables
| Oct 31, 2024 | Oct 31, 2023 | Oct 31, 2022 | Oct 31, 2021 | Oct 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 25.14 | 25.71 | 23.63 | 20.83 | 21.55 | |
| Number of days of payables | days | 14.52 | 14.20 | 15.45 | 17.52 | 16.94 |
October 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 25.14
= 14.52
The number of days of payables for ABM Industries Incorporated has shown a relatively stable trend over the past five years. In 2024, the company took an average of 14.52 days to pay its suppliers, which is a slight increase from the previous year's 14.20 days. This suggests that the company is managing its accounts payable efficiently.
Comparing to 2022 and 2021, where the number of days of payables were 15.45 and 17.52 respectively, we see an improvement in the company's ability to pay its obligations in a timely manner. The trend suggests that ABM Industries has been able to better manage its payables over the past few years.
However, when compared to 2020 where the number of days of payables was 16.94 days, 2024 shows a decrease indicating that the company is paying its suppliers more quickly.
Overall, the trend in the number of days of payables for ABM Industries Incorporated indicates effective management of trade credit and the company's ability to maintain good relationships with its suppliers.
Peer comparison
Oct 31, 2024