ABM Industries (STU:AB4) ROCE % : 7.90% (As of Jan. 2024)

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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 7.90%.

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.

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ABM Industries ROCE % Chart

ABM Industries Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

ROCE %

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7.66

3.40

7.06

11.34

11.05

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															7.75	9.92	14.66	11.71	7.90

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 )
	=	391.49	/	( ( (4941.933 - 1373.498)	+	(4672.214 - 1153.351) )	/ 2 )
	=	391.49	/	( (3568.435	+	3518.863)	/ 2 )
	=	391.49	/	3543.649
	=	11.05 %

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 )
	=	276.5	/	( ( (4672.214 - 1153.351)	+	(4549.057 - 1069.745) )	/ 2 )
	=	276.5	/	( ( 3518.863	+	3479.312 )	/ 2 )
	=	276.5	/	3499.0875
	=	7.90 %

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

ABM Industries (STU:AB4) 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.

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ABM Industries (STU:AB4) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » ABM Industries Inc (STU:AB4) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

ABM:USA

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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