ABM Industries Incorporated (ABM)
Receivables turnover
| Oct 31, 2024 | Oct 31, 2023 | Oct 31, 2022 | Oct 31, 2021 | Oct 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 8,359,400 | 8,014,100 | 7,765,500 | 6,200,000 | 5,943,000 |
| Receivables | US$ in thousands | -22,800 | -25,000 | -22,600 | -32,700 | -35,500 |
| Receivables turnover | — | — | — | — | — |
October 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $8,359,400K ÷ $-22,800K
= —
To calculate ABM Industries Incorporated's receivables turnover for each year, we need to use the formula:
Receivables Turnover = Net Credit Sales / Average Accounts Receivable
However, since the data provided only includes the receivables turnover ratios for the previous five years, we are unable to calculate the specific receivables turnover for each individual year.
Analyzing the trend of receivables turnover over the past five years can provide insights into the company's efficiency in collecting receivables. Generally, a higher receivables turnover ratio indicates that the company is collecting its outstanding receivables more frequently, which is a positive sign of liquidity and efficiency.
We would need the specific data for each year to analyze the receivables turnover trend, assess any fluctuations, and compare the company's performance to industry benchmarks. Without this specific information, we are unable to provide an in-depth analysis of ABM Industries Incorporated's receivables turnover.
Peer comparison
Oct 31, 2024