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ABM Industries's Total Assets for the quarter that ended in Jul. 2024 was $5,040 Mil.
Warning Sign:
If a company builds assets at 7.7% a year, faster than its revenue growth rate of 5% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, ABM Industries's average Total Assets Growth Rate was 1.70% per year. During the past 3 years, the average Total Assets Growth Rate was 12.90% per year. During the past 5 years, the average Total Assets Growth Rate was 7.70% per year. During the past 10 years, the average Total Assets Growth Rate was 10.00% per year.
During the past 13 years, ABM Industries's highest 3-Year average Total Assets Growth Rate was 22.30%. The lowest was -3.40%. And the median was 10.30%.
Total Assets is connected with ROA %. ABM Industries's annualized ROA % for the quarter that ended in Jul. 2024 was 0.38%. Total Assets is also linked to Revenue through Asset Turnover. ABM Industries's Asset Turnover for the quarter that ended in Jul. 2024 was 0.42.
The historical data trend for ABM Industries's Total Assets 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.
ABM Industries Annual Data | |||||||||||||||||||||
Trend | Oct14 | Oct15 | Oct16 | Oct17 | Oct18 | Oct19 | Oct20 | Oct21 | Oct22 | Oct23 | |||||||||||
Total Assets | Get a 7-Day Free Trial | 3,692.60 | 3,776.90 | 4,436.20 | 4,868.90 | 4,933.70 |
ABM Industries Quarterly Data | ||||||||||||||||||||
Oct19 | Jan20 | Apr20 | Jul20 | Oct20 | Jan21 | Apr21 | Jul21 | Oct21 | Jan22 | Apr22 | Jul22 | Oct22 | Jan23 | Apr23 | Jul23 | Oct23 | Jan24 | Apr24 | Jul24 | |
Total Assets | Get a 7-Day Free Trial | 4,970.00 | 4,933.70 | 4,955.40 | 4,929.50 | 5,040.40 |
Total Assets are all the assets a company owns.
From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.
ABM Industries's Total Assets for the fiscal year that ended in Oct. 2023 is calculated as
Total Assets | = | Total Equity (A: Oct. 2023 ) | + | Total Liabilities (A: Oct. 2023 ) |
= | 1799.9 | + | 3133.8 | |
= | 4,934 |
ABM Industries's Total Assets for the quarter that ended in Jul. 2024 is calculated as
Total Assets | = | Total Equity (Q: Jul. 2024 ) | + | Total Liabilities (Q: Jul. 2024 ) |
= | 1835 | + | 3205.4 | |
= | 5,040 |
* 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.
ABM Industries (NYSE:ABM) Total Assets Explanation
Total Assets is connected with ROA %.
ABM Industries's annualized ROA % for the quarter that ended in Jul. 2024 is
ROA % | = | Net Income (Q: Jul. 2024 ) | / | ( (Total Assets (Q: Apr. 2024 ) | + | Total Assets (Q: Jul. 2024 )) | / count ) |
= | 18.8 | / | ( (4929.5 | + | 5040.4) | / 2 ) | |
= | 18.8 | / | 4984.95 | ||||
= | 0.38 % |
Note: The Net Income data used here is four times the quarterly (Jul. 2024) data.
In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.
Total Assets is linked to total revenue through Asset Turnover.
ABM Industries's Asset Turnover for the quarter that ended in Jul. 2024 is
Asset Turnover | ||||||
= | Revenue (Q: Jul. 2024 ) | / | ( (Total Assets (Q: Apr. 2024 ) | + | Total Assets (Q: Jul. 2024 )) | / count ) |
= | 2094.2 | / | ( (4929.5 | + | 5040.4) | / 2 ) |
= | 2094.2 | / | 4984.95 | |||
= | 0.42 |
* 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.
Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.
Thank you for viewing the detailed overview of ABM Industries's Total Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
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 |
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