ABM Industries (ABM Industries) ROCE % : 8.03% (As of Jan. 2024)

View and export this data going back to 1984. Start your Free Trial

What is ABM Industries ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. ABM Industries's annualized ROCE % for the quarter that ended in Jan. 2024 was 8.03%.

ABM Industries ROCE % Historical Data

The historical data trend for ABM Industries's ROCE % 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.

* Premium members only.

ABM Industries ROCE % Chart

ABM Industries Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

ROCE %

Get a 7-Day Free Trial

7.51

3.51

7.02

10.53

11.43

ABM Industries Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
ROCE %	Get a 7-Day Free Trial															8.10	10.01	14.73	11.44	8.03

ABM Industries ROCE % Calculation

ABM Industries's annualized ROCE % for the fiscal year that ended in Oct. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Oct. 2023 )		(A: Oct. 2022 )		(A: Oct. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Oct. 2023 )		(A: Oct. 2022 )		(A: Oct. 2023 )
	=	413.4	/	( ( (4868.9 - 1353.2)	+	(4933.7 - 1217.9) )	/ 2 )
	=	413.4	/	( (3515.7	+	3715.8)	/ 2 )
	=	413.4	/	3615.75
	=	11.43 %

ABM Industries's ROCE % of for the quarter that ended in Jan. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	301.2	/	( ( (4933.7 - 1217.9)	+	(4955.4 - 1165.3) )	/ 2 )
	=	301.2	/	( ( 3715.8	+	3790.1 )	/ 2 )
	=	301.2	/	3752.95
	=	8.03 %

(1) Note: The EBIT data used here is four times the quarterly (Jan. 2024) EBIT data.

ABM Industries (NYSE:ABM) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

ABM Industries ROCE % Related Terms

Thank you for viewing the detailed overview of ABM Industries's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

ABM Industries (ABM Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » ABM Industries Inc (NYSE:ABM) » Definitions » ROCE %

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