ABM Industries Incorporated (ABM)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 1,822,700 | 1,799,900 | 1,860,100 | 1,782,800 | 1,736,500 | 1,717,200 | 1,680,300 | 1,669,600 | 1,655,200 | 1,609,200 | 1,580,300 | 1,599,800 | 1,569,100 | 1,500,300 | 1,451,300 | 1,395,200 | 1,559,700 | 1,542,000 | 1,503,600 | 1,481,400 |
| ROE | 14.13% | 13.96% | 12.76% | 10.99% | 11.11% | 13.42% | 12.85% | 8.71% | 7.72% | 7.85% | 9.18% | 13.43% | 2.99% | 0.02% | -0.34% | -1.73% | 9.13% | 8.26% | 5.93% | 5.81% |
January 31, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $257,500K ÷ $1,822,700K
= 14.13%
To analyze ABM Industries Inc.'s return on equity (ROE) based on the provided data, we observe fluctuations in ROE over the past eight quarters. The ROE has ranged from 8.70% to 14.13% during this period.
The trend shows that there has been improvement in ROE from Q2 2022 to Q1 2024, indicating an overall positive performance in returns generated from shareholder equity. The most recent ROE of 14.13% in Q1 2024 reflects a strong profitability position for the company.
It is important to note the consistency in maintaining ROE above 10% in recent quarters, signifying a healthy performance in generating profits relative to shareholder equity. This trend suggests that ABM Industries Inc. has been effectively utilizing its resources to generate earnings for its shareholders.
Overall, the analysis of ABM Industries Inc.'s ROE reveals a positive trajectory and suggests a efficient management of equity to generate returns for its investors. However, it would be beneficial to further investigate the underlying factors contributing to these fluctuations in ROE to gain a more comprehensive understanding of the company's financial performance.
Peer comparison
Jan 31, 2024