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ABM Industries (FRA:AB4) Return-on-Tangible-Equity : Negative Tangible Equity% (As of Jul. 2024)


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What is ABM Industries Return-on-Tangible-Equity?

Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. ABM Industries's annualized net income for the quarter that ended in Jul. 2024 was €17 Mil. ABM Industries's average shareholder tangible equity for the quarter that ended in Jul. 2024 was €-908 Mil. Therefore, ABM Industries's annualized Return-on-Tangible-Equity for the quarter that ended in Jul. 2024 was Negative Tangible Equity%.

The historical rank and industry rank for ABM Industries's Return-on-Tangible-Equity or its related term are showing as below:

FRA:AB4' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: 1003.95   Med: 1003.95   Max: 1003.95
Current: Negative Tangible Equity

During the past 13 years, ABM Industries's highest Return-on-Tangible-Equity was 1,003.95%. The lowest was 1,003.95%. And the median was 1,003.95%.

FRA:AB4's Return-on-Tangible-Equity is ranked better than
99.9% of 1008 companies
in the Business Services industry
Industry Median: 11.18 vs FRA:AB4: Negative Tangible Equity

ABM Industries Return-on-Tangible-Equity Historical Data

The historical data trend for ABM Industries's Return-on-Tangible-Equity 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 Return-on-Tangible-Equity Chart

ABM Industries Annual Data
Trend Oct14 Oct15 Oct16 Oct17 Oct18 Oct19 Oct20 Oct21 Oct22 Oct23
Return-on-Tangible-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only Negative Tangible Equity Negative Tangible Equity Negative Tangible Equity Negative Tangible Equity Negative Tangible Equity

ABM Industries Quarterly Data
Oct19 Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24
Return-on-Tangible-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Negative Tangible Equity Negative Tangible Equity Negative Tangible Equity Negative Tangible Equity Negative Tangible Equity

Competitive Comparison of ABM Industries's Return-on-Tangible-Equity

For the Specialty Business Services subindustry, ABM Industries's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity 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 Return-on-Tangible-Equity Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, ABM Industries's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where ABM Industries's Return-on-Tangible-Equity falls into.



ABM Industries Return-on-Tangible-Equity Calculation

ABM Industries's annualized Return-on-Tangible-Equity for the fiscal year that ended in Oct. 2023 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Oct. 2023 )  (A: Oct. 2022 )(A: Oct. 2023 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Oct. 2023 )  (A: Oct. 2022 )(A: Oct. 2023 )
=237.981/( (-1164.002+-941.602 )/ 2 )
=237.981/-1052.802
=Negative Tangible Equity %

ABM Industries's annualized Return-on-Tangible-Equity for the quarter that ended in Jul. 2024 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Jul. 2024 )  (Q: Apr. 2024 )(Q: Jul. 2024 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Jul. 2024 )  (Q: Apr. 2024 )(Q: Jul. 2024 )
=17.332/( (-861.634+-954.547)/ 2 )
=17.332/-908.0905
=Negative Tangible Equity %

* 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.

In the calculation of annual Return-on-Tangible-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Jul. 2024) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.


ABM Industries  (FRA:AB4) Return-on-Tangible-Equity Explanation

Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.


Be Aware

Net Income is used.

Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.


ABM Industries Return-on-Tangible-Equity Related Terms

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


ABM Industries Business Description

Traded in Other Exchanges
Address
One Liberty Plaza, 7th Floor, New York, NY, USA, 10006
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.

ABM Industries Headlines

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