ABM Industries Incorporated (ABM)
Return on equity (ROE)
| Oct 31, 2024 | Oct 31, 2023 | Oct 31, 2022 | Oct 31, 2021 | Oct 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 81,400 | 251,300 | 230,400 | 126,300 | 300 |
| Total stockholders’ equity | US$ in thousands | 1,781,900 | 1,799,900 | 1,717,200 | 1,609,200 | 1,500,300 |
| ROE | 4.57% | 13.96% | 13.42% | 7.85% | 0.02% |
October 31, 2024 calculation
ROE = Net income ÷ Total stockholders’ equity
= $81,400K ÷ $1,781,900K
= 4.57%
ABM Industries Incorporated's return on equity (ROE) has shown variability over the past five years. In 2024, the ROE decreased to 4.57% from the previous year's 13.96%, indicating a decrease in efficiency in generating profits from shareholders' equity. The ROE was highest in 2023 at 13.96%, reflecting the company's ability to generate a higher return relative to the shareholders' equity invested. In 2022, the ROE was 13.42%, remaining relatively stable compared to the previous year. The ROE decreased to 7.85% in 2021, indicating a decline in profitability relative to shareholders' equity. In 2020, the ROE was minimal at 0.02%, which could signify challenges in generating profits from the shareholders' equity during that period. This trend indicates the company's fluctuating performance in efficiently using shareholders' equity to generate profits over the five-year period.
Peer comparison
Oct 31, 2024