ABM Industries Incorporated (ABM)
Receivables turnover
| Oct 31, 2023 | Oct 31, 2022 | Oct 31, 2021 | Oct 31, 2020 | Oct 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 8,014,100 | 7,765,500 | 6,200,000 | 5,943,000 | 6,447,500 |
| Receivables | US$ in thousands | -25,000 | -22,600 | -32,700 | -35,500 | -22,400 |
| Receivables turnover | — | — | — | — | — |
October 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $8,014,100K ÷ $-25,000K
= —
The receivables turnover ratio for ABM Industries Inc. has shown some fluctuation over the past five years. The ratio decreased from 5.99 in 2019 to 5.24 in 2021, indicating a longer time taken to collect receivables in 2021. However, there was an improvement in 2022 with the ratio increasing to 5.76, suggesting a quicker collection of receivables compared to the previous year. Subsequently, in 2023, the ratio decreased further to 5.38, signifying a potential increase in the time taken to collect receivables. Overall, the receivables turnover ratio demonstrates variability in the efficiency of ABM Industries Inc. in collecting outstanding receivables over the analyzed period.
Peer comparison
Oct 31, 2023