ABM Industries Incorporated (ABM)
Receivables 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 8,090,900 | 8,014,100 | 7,936,900 | 7,879,900 | 7,807,000 | 7,765,500 | 7,459,900 | 7,046,400 | 6,646,000 | 6,199,900 | 5,994,900 | 5,838,400 | 5,834,300 | 5,953,100 | 6,116,500 | 6,371,200 | 6,467,600 | 6,459,300 | 6,460,100 | 6,530,000 |
| Receivables | US$ in thousands | -27,300 | -25,000 | -23,000 | -24,200 | -23,300 | -22,600 | -28,500 | -28,400 | -34,000 | -32,700 | -31,800 | -34,700 | -37,900 | -35,500 | -36,000 | -34,900 | -25,200 | -22,400 | -22,600 | -20,400 |
| Receivables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
January 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $8,090,900K ÷ $-27,300K
= —
ABM Industries Inc.'s receivables turnover has shown a relatively consistent performance over the past eight quarters, ranging from 5.38 to 5.76 times. This indicates that the company, on average, collects its accounts receivables approximately 5.5 times a year. A higher turnover ratio suggests a more efficient management of receivables, as the company is able to convert its receivables into cash more quickly.
The slight fluctuations in the receivables turnover ratio over the quarters may reflect changes in the company's credit policies, customer payment behaviors, or the overall economic conditions impacting the business. Overall, a stable and relatively high receivables turnover ratio suggests that ABM Industries Inc. is effectively managing its accounts receivables and collecting outstanding payments in a timely manner.
Peer comparison
Jan 31, 2024