ABM Industries Incorporated (ABM)
Total asset turnover
| Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 8,317,500 | 8,212,500 | 8,125,600 | 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 |
| Total assets | US$ in thousands | 5,097,200 | 5,040,400 | 4,929,500 | 4,955,400 | 4,933,700 | 4,970,000 | 4,932,900 | 4,918,000 | 4,868,900 | 4,607,600 | 4,586,300 | 4,504,900 | 4,436,200 | 3,897,400 | 3,792,000 | 3,782,200 | 3,776,900 | 3,668,300 | 4,079,200 | 3,847,100 |
| Total asset turnover | 1.63 | 1.63 | 1.65 | 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 |
October 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $8,317,500K ÷ $5,097,200K
= 1.63
The total asset turnover ratio for ABM Industries Incorporated has shown fluctuating trends over the last few years. From the data provided, we can see that the total asset turnover ratio has ranged between 1.40 and 1.68 over the past 20 quarters.
The ratio peaked at 1.68 in the first quarter of 2020, indicating that the company generated $1.68 in revenue for every dollar of assets during that period. This suggests that the company efficiently utilized its assets to generate sales.
However, there have been fluctuations in the total asset turnover ratio since then, with some quarters showing lower values. The ratio has generally been above 1.50, which indicates that the company has been efficient in generating revenue relative to its total assets.
Overall, the total asset turnover ratio for ABM Industries Incorporated has shown variability over the past few years, but has generally been at a level that reflects effective asset utilization in generating sales. Further analysis and comparison with industry peers may provide additional insights into the company's performance in this aspect.
Peer comparison
Oct 31, 2024