ABM Industries Incorporated (ABM)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 1,781,900 | 1,835,000 | 1,835,000 | 1,843,600 | 1,799,900 | 1,860,100 | 1,860,100 | 1,782,800 | 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 |
| ROE | 4.57% | 8.50% | 13.59% | 13.97% | 13.96% | 12.76% | 10.54% | 10.82% | 13.42% | 12.85% | 8.71% | 7.72% | 7.85% | 9.18% | 13.43% | 2.99% | 0.02% | -0.34% | -1.73% | 9.13% |
October 31, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $81,500K ÷ $1,781,900K
= 4.57%
ABM Industries Incorporated's return on equity (ROE) has shown some fluctuation over the past several quarters. In the most recent quarter ending on October 31, 2024, the ROE was 4.57%, which is a decrease from the previous quarter where it stood at 8.50%. However, the company's ROE has generally been on an upward trend since the beginning of 2023 when it was at 7.72%, reaching a peak of 13.97% by January 31, 2024.
The company's ROE performance indicates its ability to generate profits from the shareholders' equity invested in the business. The higher the ROE, the better the company is at utilizing equity to generate profits for its shareholders.
It is important for investors and stakeholders to monitor the trend of ROE over time to assess the company's profitability and efficiency in utilizing shareholders' equity. It is also essential to compare ABM Industries Incorporated's ROE with that of its industry peers to gain a better understanding of its relative performance in the market.
Peer comparison
Oct 31, 2024