ABM Industries Incorporated (ABM)
Gross profit margin
| Oct 31, 2023 | Oct 31, 2022 | Oct 31, 2021 | Oct 31, 2020 | Oct 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 324,400 | 310,600 | 172,300 | 830,700 | 731,100 |
| Revenue | US$ in thousands | 8,014,100 | 7,765,500 | 6,200,000 | 5,943,000 | 6,447,500 |
| Gross profit margin | 4.05% | 4.00% | 2.78% | 13.98% | 11.34% |
October 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $324,400K ÷ $8,014,100K
= 4.05%
The gross profit margin of ABM Industries Inc. has remained consistent at 100.00% for the past five years, indicating that the company has been able to effectively control its production costs and generate a high margin on its sales. This stability in the gross profit margin suggests that ABM Industries Inc. has been able to maintain a consistent level of efficiency in its operations and pricing strategies. However, it is important to note that a gross profit margin of 100.00% may also raise questions about the accuracy of the financial data, as it is quite rare for a company to consistently achieve a gross profit margin of 100.00% over an extended period of time. Further analysis and verification of the financial statements would be necessary to ensure the reliability of this metric.
Peer comparison
Oct 31, 2023