ABM Industries (ABM Industries) Change In Receivables : $-102 Mil (TTM As of Jan. 2024)

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What is ABM Industries Change In Receivables?

ABM Industries's change in receivables for the quarter that ended in Jan. 2024 was $-0 Mil. It means ABM Industries's Accounts Receivable increased by $0 Mil from Oct. 2023 to Jan. 2024 .

ABM Industries's change in receivables for the fiscal year that ended in Oct. 2023 was $-153 Mil. It means ABM Industries's Accounts Receivable increased by $153 Mil from Oct. 2022 to Oct. 2023 .

ABM Industries's Accounts Receivable for the quarter that ended in Jan. 2024 was $1,382 Mil.

Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed. ABM Industries's Days Sales Outstanding for the three months ended in Jan. 2024 was 60.93.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. ABM Industries's liquidation value for the three months ended in Jan. 2024 was $-2,038 Mil.

ABM Industries Change In Receivables Historical Data

The historical data trend for ABM Industries's Change In Receivables can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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ABM Industries Change In Receivables Chart

ABM Industries Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Change In Receivables

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-78.30

141.40

-124.50

-143.80

-152.70

ABM Industries Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Change In Receivables	Get a 7-Day Free Trial															-51.00	-42.50	-31.60	-27.60	-0.20

ABM Industries Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Jan. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-102 Mil.

ABM Industries (NYSE:ABM) Change In Receivables Explanation

1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed.

ABM Industries's Days Sales Outstanding for the quarter that ended in Jan. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	1382	/	2069.6	*	91
=	60.93

2. In Ben Graham's calculation of liquidation value, ABM Industries's accounts receivable are only considered to be worth 75% of book value:

ABM Industries's liquidation value for the quarter that ended in Jan. 2024 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	58	-	3132.7	+	0.75 * 1382	+	0.5 * 0
=	-2,038

ABM Industries Change In Receivables Related Terms

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ABM Industries (ABM Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » ABM Industries Inc (NYSE:ABM) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

AB4:Germany AB4:Germany

Address

One Liberty Plaza, 7th Floor, New York, NY, USA, 10006

Website

https://www.abm.com

ABM Industries Inc is a provider of integrated facility solutions. It offers its solutions through five segments: Business and Industry, Manufacturing and Distribution, Education, Aviation and Technical solutions. The company derives the majority of its revenue from the business and industry segment, which encompasses janitorial, facilities engineering, and parking services for commercial real estate properties and sports and entertainment venues, as well as vehicle maintenance and other services to rental car providers. The company mainly operates in the United States of America.

Executives

Rene Jacobsen	officer: Pres - Business & Industry	551 FIFTH AVENUE, SUITE 300, NEW YORK NY 10176
Andrea R Newborn	officer: EVP/GEN. COUNSEL/CORP. SECTY.	ONE LIBERTY PLAZA, 7TH FLOOR, NEW YORK NY 10006
Scott B Salmirs	officer: Executive Vice President	551 FIFTH AVE, SUITE 300, NEW YORK NY 10176
Dean A Chin	officer: SVP - Chief Accounting Officer	551 FIFTH AVENUE, SUITE 300, NEW YORK NY 10176
James David Devries	director	ALLSTATE INSURANCE COMPANY, 2775 SANDERS ROAD, NORTHBROOK IL 60062
Joshua H Feinberg	officer: Executive Vice President	ONE LIBERTY PLAZA, 7TH FLOOR, NEW YORK NY 10006
Raul Javier Valentin	officer: EVP and CHRO	ONE LIBERTY PLAZA, 7TH FLOOR, NEW YORK NY 10006
Linda Chavez	director
Art A Garcia	director	11690 N.W. 105TH STREET, MIAMI FL 33178
Quincy L Allen	director	6600 NORTH MILITARY TRAIL, LEGAL DEPARTMENT, BOCA RATON FL 33496
Earl Ray Ellis	officer: EVP & Chief Financial Officer	ONE LIBERTY PLAZA, 7TH FLOOR, NEW YORK NY 10006
Sean Michael Mahoney	officer: EVP, President-Sales & Mktng	ONE LIBERTY PLAZA, 7TH FLOOR, NEW YORK NY 10006
Scott J Giacobbe	officer: Pres - Building & Energy	551 FIFTH AVENUE, SUITE 300, NEW YORK NY 10176
Diego Anthony Scaglione	officer: SVP/Treasurer	6600 NORTH MILITARY TRAIL, LEGAL DEPARTMENT, BOCA RATON FL 33496
Jill Golder	director	305 HARTMANN DRIVE, LEBANON TN 37087