ABM Industries Incorporated (ABM)
Total asset 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 |
| Total assets | US$ in thousands | 5,097,200 | 4,933,700 | 4,868,900 | 4,436,200 | 3,776,900 |
| Total asset turnover | 1.64 | 1.62 | 1.59 | 1.40 | 1.57 |
October 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $8,359,400K ÷ $5,097,200K
= 1.64
The total asset turnover for ABM Industries Incorporated has been fluctuating over the past five years. The ratio indicates that, on average, for every dollar of total assets owned by the company, it generated $1.64 in revenue in 2024, compared to $1.62 in 2023, $1.59 in 2022, $1.40 in 2021, and $1.57 in 2020. This suggests an improvement in asset utilization efficiency from 2021 to 2024, indicating that the company is generating more revenue relative to its total assets. However, it is important to note that the ratio can be influenced by various factors and should be analyzed in conjunction with other financial metrics for a comprehensive assessment of the company's performance.
Peer comparison
Oct 31, 2024