ABM Industries Incorporated (ABM)
Operating return on assets (Operating ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 412,100 | 409,400 | 382,100 | 331,900 | 314,200 | 348,800 | 325,400 | 227,300 | 202,600 | 206,300 | 223,500 | 326,500 | 159,500 | 95,600 | 88,900 | 52,600 | 223,800 | 208,300 | 167,800 | 158,600 |
| Total assets | US$ in thousands | 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 | 3,692,600 | 3,744,000 | 3,729,900 |
| Operating ROA | 8.32% | 8.30% | 7.69% | 6.73% | 6.39% | 7.16% | 7.06% | 4.96% | 4.50% | 4.65% | 5.73% | 8.61% | 4.22% | 2.53% | 2.42% | 1.29% | 5.82% | 5.64% | 4.48% | 4.25% |
January 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $412,100K ÷ $4,955,400K
= 8.32%
To analyze the operating return on assets (operating ROA) of ABM Industries Inc., we observe a fluctuating trend in the performance indicator over the past eight quarters. The operating ROA ranged from a low of 4.96% in Q2 2022 to a high of 8.32% in Q1 2024.
During Q2 2022 to Q1 2023, there was a gradual increase in operating ROA, reaching a peak of 7.16% in Q4 2022, before experiencing a notable jump to 8.32% in Q1 2024. This upward trajectory suggests improving efficiency in generating operating income relative to the total assets employed.
While the operating ROA showed variability, the company seemed to have successfully managed its asset base to generate operating profits more effectively in the most recent quarters. However, a detailed analysis of the company's operations, asset utilization, and profitability drivers would provide further insights into the factors influencing the fluctuating performance of ABM Industries Inc.
Peer comparison
Jan 31, 2024