ABM Industries Incorporated (ABM)
Operating return on assets (Operating ROA)
| Oct 31, 2024 | Oct 31, 2023 | Oct 31, 2022 | Oct 31, 2021 | Oct 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 212,000 | 409,500 | 348,800 | 206,300 | 95,700 |
| Total assets | US$ in thousands | 5,097,200 | 4,933,700 | 4,868,900 | 4,436,200 | 3,776,900 |
| Operating ROA | 4.16% | 8.30% | 7.16% | 4.65% | 2.53% |
October 31, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $212,000K ÷ $5,097,200K
= 4.16%
ABM Industries Incorporated's operating return on assets (operating ROA) has experienced fluctuations over the past five years. The operating ROA decreased from 8.30% in 2023 to 7.16% in 2022, before increasing to 4.16% in 2024. This indicates that the company's ability to generate operating income from its assets improved in 2024 compared to the prior year.
Comparing the latest operating ROA of 4.16% in 2024 to the values in the previous years, ABM Industries has shown a positive trend in efficiency in utilizing its assets to generate operating earnings. This upward trend suggests potential improvements in the company's operational performance and profitability over the years. It is essential for investors and stakeholders to monitor further changes in operating ROA to assess the company's operational efficiency and financial health.
Peer comparison
Oct 31, 2024