ABM Industries Incorporated (ABM)
Activity ratios
Short-term
Turnover ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 83.75 | 62.72 | 63.37 |
| Receivables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Working capital turnover | 14.48 | 16.26 | 14.36 | 13.50 | 20.54 | 37.33 | 28.04 | 30.97 | 31.69 | 53.73 | 12.12 | 13.43 | 12.77 | 13.08 | 14.07 | 8.23 | 15.63 | 17.32 | 14.62 | 15.19 |
Inventory turnover data is not available in the table provided.
Receivables turnover for ABM Industries Inc. has been relatively consistent over the past eight quarters, ranging from 5.38 to 5.76. This indicates that the company is able to collect its accounts receivable efficiently, with a higher turnover ratio implying faster collection of receivables.
Payables turnover data is missing in the table, which makes it challenging to assess the efficiency of the company in paying its suppliers.
The working capital turnover ratio has shown significant variability over the quarters, ranging from 13.62 to 37.51. A higher working capital turnover ratio suggests that the company is effectively using its working capital to generate sales revenue. The decrease in the working capital turnover ratio over time may indicate a less efficient utilization of the company's working capital in generating sales.
Overall, further analysis is needed to understand the reasons behind the trends in these activity ratios and their implications for the company's operational efficiency.
Average number of days
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | — | 3.73 | 4.17 | 5.31 | 5.06 | 4.02 | 4.62 | 5.24 | 4.96 | 5.38 | 5.53 | 5.85 | 5.44 | 5.29 | 5.72 | 4.28 | 4.34 | 4.36 | 5.82 | 5.76 |
| Days of sales outstanding (DSO) | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Number of days of payables | days | 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 | 16.16 | 19.19 | 17.99 |
The Days of Sales Outstanding (DSO) for ABM Industries Inc. has been showing a slightly increasing trend over the past eight quarters, indicating that the company is taking slightly longer to collect its accounts receivable. This could potentially indicate a less efficient collection process or changing payment terms with customers.
On the other hand, the Days of Inventory on Hand (DOH) data is not available for the provided quarters, making it challenging to assess the company's inventory management efficiency. A lower DOH value would suggest that the company is able to quickly turn over its inventory, while a higher value could indicate excess inventory levels or slow-moving inventory.
The Number of Days of Payables data is not available, so it is difficult to evaluate the company's payment practices and relationships with suppliers. A longer period of payables could indicate favorable payment terms negotiated with suppliers, allowing ABM Industries Inc. to hold onto cash for a longer period before settling its payables.
Overall, further analysis and comparison with industry benchmarks would be needed to fully assess ABM Industries Inc.'s activity ratios and their implications for the company's operational efficiency and financial health.
Long-term
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fixed asset turnover | 56.94 | 60.94 | 62.94 | 62.49 | 61.09 | 61.93 | 64.76 | 65.92 | 59.93 | 55.41 | 53.62 | 46.97 | 45.83 | 44.53 | 44.61 | 45.22 | 44.09 | 42.98 | 43.92 | 45.47 |
| Total asset turnover | 1.63 | 1.62 | 1.60 | 1.60 | 1.59 | 1.59 | 1.62 | 1.54 | 1.48 | 1.40 | 1.54 | 1.54 | 1.54 | 1.58 | 1.67 | 1.56 | 1.68 | 1.75 | 1.73 | 1.75 |
Long-term activity ratios provide insights into how effectively a company is utilizing its assets to generate sales. In the case of ABM Industries Inc., the fixed asset turnover ratio has shown a slight decline over the past several quarters, from 66.16 in Q2 2022 to 57.53 in Q1 2024. This indicates that the company's efficiency in generating revenue from its fixed assets has decreased over time.
On the other hand, the total asset turnover ratio has remained relatively stable, ranging between 1.54 and 1.65 during the same period. This suggests that ABM Industries Inc. has been consistent in generating sales in relation to its total assets over time.
Overall, while the fixed asset turnover ratio has exhibited a downward trend, it is important to consider other factors such as industry benchmarks and company-specific circumstances to fully assess ABM Industries Inc.'s long-term asset utilization and efficiency.