ABM Industries Incorporated (ABM)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 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 | 127,400 | 89,200 | 86,000 |
| 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 |
| ROA | 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% | 3.45% | 2.38% | 2.31% |
January 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $257,500K ÷ $4,955,400K
= 5.20%
To analyze ABM Industries Inc.'s return on assets (ROA) over the past eight quarters, we observe varying levels of performance. ROA measures the company's ability to generate profits relative to its total assets.
ABM Industries Inc.'s ROA has exhibited fluctuating trends during the observed period. It reached a peak of 5.20% in Q1 2024 and a low of 3.17% in Q2 2022. The company experienced a consistent increase in ROA from Q2 2022 to Q1 2023, indicating improved efficiency in generating profits from assets. However, in the following quarters, the ROA showed some volatility.
The variability in ROA could be due to changes in the company's operational efficiency, asset utilization, or profitability. A higher ROA signifies that the company is more efficient in using its assets to generate earnings, while a lower ROA indicates lower profitability relative to its asset base.
Overall, ABM Industries Inc. should continue to monitor its ROA closely to ensure that it maintains or improves its ability to generate profits from its asset base. Analysis of the underlying factors driving the fluctuations in ROA may provide insights for strategic decision-making and performance improvement.
Peer comparison
Jan 31, 2024