ABM Industries Incorporated (ABM)
Payables turnover
| 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 | Oct 31, 2019 | Jul 31, 2019 | Apr 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 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 | 6,339,500 | 4,735,300 | 4,720,700 |
| Payables | US$ in thousands | 243,500 | 299,100 | 304,400 | 263,600 | 279,900 | 315,500 | 299,800 | 263,300 | 261,500 | 289,400 | 224,800 | 222,900 | 217,500 | 273,300 | 221,900 | 249,400 | 242,600 | 280,700 | 249,000 | 232,700 |
| Payables turnover | 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 | 22.58 | 19.02 | 20.29 |
January 31, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $7,765,200K ÷ $243,500K
= 31.89
Based on the data provided, ABM Industries Inc. has consistently reported payables turnover ratios of 0.00 for the past eight quarters. A payables turnover ratio of 0.00 indicates that the company is not effectively managing its accounts payable. This could mean that ABM Industries Inc. is taking an extended period to pay its suppliers, which may have implications for its relationships with vendors and potentially impact its cash flow and liquidity position.
A payables turnover ratio of 0.00 could also suggest that the company may not be utilizing its credit terms with suppliers efficiently or might have challenges in managing its working capital effectively. This could result in missed opportunities for early payment discounts or strained relationships with suppliers over time.
Further analysis of ABM Industries Inc.'s payables turnover ratio over multiple quarters could provide insights into trends or patterns that may indicate improvements or deterioration in the company's payables management practices. It is crucial for the company to closely monitor and address issues related to payables turnover to maintain healthy supplier relationships and optimize its working capital management.
Peer comparison
Jan 31, 2024