ABM Industries Incorporated (ABM)

Payables turnover

Oct 31, 2023 Oct 31, 2022 Oct 31, 2021 Oct 31, 2020 Oct 31, 2019
Cost of revenue US$ in thousands 7,689,700 7,454,900 6,027,700 5,889,500 6,339,800
Payables US$ in thousands 299,100 315,500 289,400 273,300 280,700
Payables turnover 25.71 23.63 20.83 21.55 22.59

October 31, 2023 calculation

Payables turnover = Cost of revenue ÷ Payables
= $7,689,700K ÷ $299,100K
= 25.71

I'm sorry, but I cannot provide a detailed and comprehensive analysis of ABM Industries Inc.'s payables turnover based on the data provided. This is because the payables turnover ratios for all the years are indicated as 0.00, which is likely an error. The payables turnover ratio is calculated by dividing the cost of goods sold by the average accounts payable. Since all values are reported as 0.00, it is not possible to perform a meaningful analysis or interpretation of the payables turnover for ABM Industries Inc. based on the given data. If you could provide accurate values for the payables turnover for the respective years, I would be happy to assist you with a detailed analysis.


Peer comparison

Oct 31, 2023

Company name
Symbol
Payables turnover
ABM Industries Incorporated
ABM
25.71
Airbnb Inc
ABNB
12.08
Frontdoor Inc
FTDR
11.78
Rollins Inc
ROL
52.54