ABM Industries Incorporated (ABM)
Return on assets (ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 81,500 | 156,000 | 249,400 | 257,500 | 251,300 | 237,300 | 196,000 | 192,900 | 230,400 | 215,900 | 145,400 | 127,700 | 126,300 | 145,100 | 214,800 | 46,900 | 300 | -4,900 | -24,100 | 142,400 |
| 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 |
| ROA | 1.60% | 3.09% | 5.06% | 5.20% | 5.09% | 4.77% | 3.97% | 3.92% | 4.73% | 4.69% | 3.17% | 2.83% | 2.85% | 3.72% | 5.66% | 1.24% | 0.01% | -0.13% | -0.59% | 3.70% |
October 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $81,500K ÷ $5,097,200K
= 1.60%
The return on assets (ROA) for ABM Industries Incorporated has displayed some variability over the past several quarters. The ROA ranged from negative values in some periods to positive values, reaching a peak of 5.66% in April 2021. These fluctuations suggest that the company's ability to generate profits from its assets has been inconsistent.
The ROA was relatively low in the most recent quarter, at 1.60% in October 2024, indicating that the company may not be effectively utilizing its assets to generate earnings. This decline follows a trend of decreasing ROA levels since the peak in April 2021.
Overall, the trend in ABM Industries' ROA over the analyzed periods indicates fluctuations in the company's efficiency in generating profits relative to its assets. It may be important for stakeholders to further investigate the reasons behind these fluctuations to assess the company's operational performance and strategic positioning.
Peer comparison
Oct 31, 2024