ABM Industries (FRA:AB4) Receivables Turnover : 1.48 (As of Jan. 2024)

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What is ABM Industries Receivables Turnover?

The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. ABM Industries's Revenue for the three months ended in Jan. 2024 was €1,900 Mil. ABM Industries's average Accounts Receivable for the three months ended in Jan. 2024 was €1,281 Mil. Hence, ABM Industries's Receivables Turnover for the three months ended in Jan. 2024 was 1.48.

ABM Industries Receivables Turnover Historical Data

The historical data trend for ABM Industries's Receivables Turnover 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 Receivables Turnover Chart

ABM Industries Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Receivables Turnover

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6.53

6.20

6.29

6.96

5.92

ABM Industries Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Receivables Turnover	Get a 7-Day Free Trial															1.47	1.48	1.51	1.59	1.48

Competitive Comparison of ABM Industries's Receivables Turnover

For the Specialty Business Services subindustry, ABM Industries's Receivables Turnover, along with its competitors' market caps and Receivables Turnover data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

ABM Industries's Receivables Turnover Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, ABM Industries's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where ABM Industries's Receivables Turnover falls into.

ABM Industries Receivables Turnover Calculation

Receivables Turnover measures the number of times a company collects its average accounts receivable balance.

ABM Industries's Receivables Turnover for the fiscal year that ended in Oct. 2023 is calculated as

	Receivables Turnover (A: Oct. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Oct. 2023 )	/ (	(Accounts Receivable (A: Oct. 2022 )	+	Accounts Receivable (A: Oct. 2023 ))	/	count )
=	7667.291	/ (	(1297.88	+	1292.655)	/	2 )
=	7667.291	/	1295.2675
=	5.92

ABM Industries's Receivables Turnover for the quarter that ended in Jan. 2024 is calculated as

	Receivables Turnover (Q: Jan. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Jan. 2024 )	/ (	(Accounts Receivable (Q: Oct. 2023 )	+	Accounts Receivable (Q: Jan. 2024 ))	/	count )
=	1899.893	/ (	(1292.655	+	1268.676)	/	2 )
=	1899.893	/	1280.6655
=	1.48

ABM Industries (FRA:AB4) Receivables Turnover Explanation

An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.

ABM Industries Receivables Turnover Related Terms

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ABM Industries (FRA:AB4) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » ABM Industries Inc (FRA:AB4) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

ABM:USA 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.

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