ABM Industries Incorporated (ABM)
Number of days of payables
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 25.14 | 28.63 | 30.80 | 31.89 | 25.71 | 25.08 | 28.90 | 26.97 | 23.64 | 23.90 | 26.00 | 24.74 | 20.81 | 25.76 | 24.85 | 26.24 | 21.56 | 27.55 | 25.67 | 26.09 | |
| Number of days of payables | days | 14.52 | 12.75 | 11.85 | 11.45 | 14.20 | 14.55 | 12.63 | 13.53 | 15.44 | 15.27 | 14.04 | 14.75 | 17.54 | 14.17 | 14.69 | 13.91 | 16.93 | 13.25 | 14.22 | 13.99 |
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 fluctuated over the past few years, ranging from a low of 11.45 days to a high of 17.54 days. This ratio indicates how many days, on average, it takes the company to pay its suppliers after receiving goods or services. A lower number of days of payables suggests that the company is managing its payables efficiently, while a higher number may indicate potential liquidity issues or a more conservative approach to managing cash flow.
In recent quarters, the number of days of payables has generally been around 14 days, showing some consistency in the company's payment cycle. This stability can be a positive sign of effective working capital management. However, it is important to monitor this ratio over time to ensure that the company's payment practices remain sustainable and align with industry norms.
Peer comparison
Oct 31, 2024