ABM Quick Ratio vs Inventory Turnover Analysis

ABM Industries financial indicator trend analysis is way more than just evaluating ABM Industries rporated prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether ABM Industries rporated is a good investment. Please check the relationship between ABM Industries Quick Ratio and its Inventory Turnover accounts. Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics.

Quick Ratio vs Inventory Turnover

Quick Ratio vs Inventory Turnover Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of ABM Industries rporated Quick Ratio account and Inventory Turnover. At this time, the significance of the direction appears to have almost no relationship.

The correlation between ABM Industries' Quick Ratio and Inventory Turnover is 0.14. Overlapping area represents the amount of variation of Quick Ratio that can explain the historical movement of Inventory Turnover in the same time period over historical financial statements of ABM Industries Incorporated, assuming nothing else is changed. The correlation between historical values of ABM Industries' Quick Ratio and Inventory Turnover is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Quick Ratio of ABM Industries Incorporated are associated (or correlated) with its Inventory Turnover. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Inventory Turnover has no effect on the direction of Quick Ratio i.e., ABM Industries' Quick Ratio and Inventory Turnover go up and down completely randomly.

Correlation Coefficient

0.14

Relationship Direction	Positive
Relationship Strength	Insignificant

View All Relationships

Quick Ratio

A measure of a company's ability to meet its short-term obligations with its most liquid assets. It is calculated as (current assets - inventories) divided by current liabilities.

Inventory Turnover

A ratio showing how many times a company's inventory is sold and replaced over a period, indicating the efficiency of inventory management.

Most indicators from ABM Industries' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into ABM Industries rporated current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics.

As of the 25th of April 2024, Selling General Administrative is likely to grow to about 691.7 M. Also, Discontinued Operations is likely to grow to about 94.5 K

	2021	2022	2023	2024 (projected)
Interest Expense	41.1M	82.3M	94.6M	99.4M
Depreciation And Amortization	74.4M	120.7M	138.8M	145.7M

Interest Expense Depreciation And Amortization

ABM Industries fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets	Accounts Payable	Current Deferred Revenue	Common Stock Total Equity
Total Assets		0.97	0.55	0.98	0.99	0.93	0.95	0.93	0.22	1.0	0.01	0.22	0.98	0.73	0.99	0.45	0.23	0.86	1.0	0.85	0.98	-0.29	0.87	0.98	-0.24	0.7
Short Long Term Debt Total	0.97		0.58	0.93	0.93	0.91	0.99	0.86	0.17	0.98	-0.15	0.17	0.94	0.6	0.99	0.36	0.14	0.83	0.98	0.86	0.92	-0.37	0.87	0.91	-0.39	0.57
Other Current Liab	0.55	0.58		0.51	0.51	0.42	0.62	0.71	-0.21	0.52	-0.08	-0.21	0.66	0.18	0.58	0.22	0.14	0.1	0.56	0.68	0.6	0.05	0.26	0.48	-0.67	0.22
Total Current Liabilities	0.98	0.93	0.51		0.96	0.95	0.9	0.91	0.24	0.97	-0.01	0.24	0.95	0.72	0.94	0.43	0.24	0.83	0.98	0.83	0.96	-0.24	0.82	0.97	-0.22	0.67
Total Stockholder Equity	0.99	0.93	0.51	0.96		0.91	0.9	0.94	0.24	0.98	0.08	0.24	0.98	0.78	0.96	0.48	0.26	0.87	0.98	0.83	0.99	-0.26	0.84	0.99	-0.18	0.76
Property Plant And Equipment Net	0.93	0.91	0.42	0.95	0.91		0.85	0.84	0.47	0.93	-0.06	0.47	0.87	0.66	0.91	0.38	0.2	0.83	0.94	0.85	0.93	-0.29	0.77	0.92	-0.25	0.59
Net Debt	0.95	0.99	0.62	0.9	0.9	0.85		0.85	0.01	0.96	-0.2	0.01	0.93	0.56	0.98	0.34	0.13	0.78	0.96	0.85	0.89	-0.38	0.87	0.87	-0.42	0.54
Retained Earnings	0.93	0.86	0.71	0.91	0.94	0.84	0.85		0.12	0.9	0.04	0.12	0.98	0.68	0.9	0.45	0.29	0.66	0.92	0.9	0.97	-0.14	0.65	0.92	-0.33	0.66
Cash	0.22	0.17	-0.21	0.24	0.24	0.47	0.01	0.12		0.19	0.28	1.0	0.09	0.36	0.17	0.18	0.1	0.39	0.2	0.16	0.28	0.02	0.12	0.29	0.15	0.32
Non Current Assets Total	1.0	0.98	0.52	0.97	0.98	0.93	0.96	0.9	0.19		-0.02	0.19	0.97	0.71	0.99	0.43	0.21	0.88	1.0	0.83	0.96	-0.32	0.9	0.97	-0.24	0.69
Non Currrent Assets Other	0.01	-0.15	-0.08	-0.01	0.08	-0.06	-0.2	0.04	0.28	-0.02		0.28	-0.01	0.43	-0.04	0.25	0.35	0.12	-0.03	-0.29	0.07	0.54	0.06	0.09	0.65	0.56
Cash And Short Term Investments	0.22	0.17	-0.21	0.24	0.24	0.47	0.01	0.12	1.0	0.19	0.28		0.09	0.36	0.17	0.18	0.1	0.39	0.2	0.16	0.28	0.02	0.12	0.29	0.15	0.32
Net Receivables	0.98	0.94	0.66	0.95	0.98	0.87	0.93	0.98	0.09	0.97	-0.01	0.09		0.69	0.96	0.45	0.25	0.76	0.97	0.89	0.98	-0.24	0.79	0.96	-0.31	0.68
Common Stock Shares Outstanding	0.73	0.6	0.18	0.72	0.78	0.66	0.56	0.68	0.36	0.71	0.43	0.36	0.69		0.66	0.45	0.4	0.76	0.7	0.43	0.74	0.0	0.66	0.79	0.21	0.97
Non Current Liabilities Total	0.99	0.99	0.58	0.94	0.96	0.91	0.98	0.9	0.17	0.99	-0.04	0.17	0.96	0.66		0.42	0.18	0.85	0.99	0.85	0.96	-0.34	0.89	0.94	-0.3	0.66
Inventory	0.45	0.36	0.22	0.43	0.48	0.38	0.34	0.45	0.18	0.43	0.25	0.18	0.45	0.45	0.42		-0.5	0.44	0.43	0.27	0.5	-0.31	0.39	0.52	0.12	0.53
Other Current Assets	0.23	0.14	0.14	0.24	0.26	0.2	0.13	0.29	0.1	0.21	0.35	0.1	0.25	0.4	0.18	-0.5		0.15	0.21	0.18	0.25	0.49	0.13	0.24	0.16	0.35
Other Stockholder Equity	0.86	0.83	0.1	0.83	0.87	0.83	0.78	0.66	0.39	0.88	0.12	0.39	0.76	0.76	0.85	0.44	0.15		0.85	0.54	0.8	-0.38	0.93	0.88	0.1	0.75
Total Liab	1.0	0.98	0.56	0.98	0.98	0.94	0.96	0.92	0.2	1.0	-0.03	0.2	0.97	0.7	0.99	0.43	0.21	0.85		0.86	0.97	-0.31	0.88	0.97	-0.27	0.67
Property Plant And Equipment Gross	0.85	0.86	0.68	0.83	0.83	0.85	0.85	0.9	0.16	0.83	-0.29	0.16	0.89	0.43	0.85	0.27	0.18	0.54	0.86		0.88	-0.31	0.56	0.79	-0.54	0.38
Total Current Assets	0.98	0.92	0.6	0.96	0.99	0.93	0.89	0.97	0.28	0.96	0.07	0.28	0.98	0.74	0.96	0.5	0.25	0.8	0.97	0.88		-0.22	0.77	0.98	-0.24	0.72
Short Term Debt	-0.29	-0.37	0.05	-0.24	-0.26	-0.29	-0.38	-0.14	0.02	-0.32	0.54	0.02	-0.24	0.0	-0.34	-0.31	0.49	-0.38	-0.31	-0.31	-0.22		-0.41	-0.23	0.18	0.02
Intangible Assets	0.87	0.87	0.26	0.82	0.84	0.77	0.87	0.65	0.12	0.9	0.06	0.12	0.79	0.66	0.89	0.39	0.13	0.93	0.88	0.56	0.77	-0.41		0.83	0.01	0.67
Accounts Payable	0.98	0.91	0.48	0.97	0.99	0.92	0.87	0.92	0.29	0.97	0.09	0.29	0.96	0.79	0.94	0.52	0.24	0.88	0.97	0.79	0.98	-0.23	0.83		-0.14	0.77
Current Deferred Revenue	-0.24	-0.39	-0.67	-0.22	-0.18	-0.25	-0.42	-0.33	0.15	-0.24	0.65	0.15	-0.31	0.21	-0.3	0.12	0.16	0.1	-0.27	-0.54	-0.24	0.18	0.01	-0.14		0.27
Common Stock Total Equity	0.7	0.57	0.22	0.67	0.76	0.59	0.54	0.66	0.32	0.69	0.56	0.32	0.68	0.97	0.66	0.53	0.35	0.75	0.67	0.38	0.72	0.02	0.67	0.77	0.27

Click cells to compare fundamentals

ABM Industries Account Relationship Matchups

ABM Industries fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	3.8B	4.4B	4.9B	4.9B	5.7B	6.0B
Short Long Term Debt Total	886.1M	1.0B	1.4B	1.4B	1.7B	1.7B
Total Current Liabilities	986.9M	1.3B	1.4B	1.2B	1.4B	1.5B
Total Stockholder Equity	1.5B	1.6B	1.7B	1.8B	2.1B	2.2B
Property Plant And Equipment Net	276.8M	238.4M	240.6M	244.9M	281.6M	295.7M
Net Debt	491.9M	969.8M	1.3B	1.4B	1.6B	1.7B
Retained Earnings	806.4M	880.2M	1.1B	1.2B	1.4B	1.5B
Non Current Assets Total	2.3B	3.0B	3.3B	3.2B	3.7B	3.9B
Non Currrent Assets Other	125.3M	108.7M	98.8M	70M	80.5M	71.4M
Net Receivables	906.4M	1.2B	1.4B	1.5B	1.7B	1.8B
Common Stock Shares Outstanding	67.3M	68M	67.5M	66.3M	76.2M	53.2M
Liabilities And Stockholders Equity	3.8B	4.4B	4.9B	4.9B	5.7B	6.0B
Non Current Liabilities Total	1.3B	1.5B	1.8B	1.9B	2.2B	2.3B
Inventory	85.4M	88.7M	82.1M	78.5M	90.3M	94.8M
Other Current Assets	55.9M	60.1M	51.6M	58.5M	67.3M	48.7M
Other Stockholder Equity	724M	750.8M	675.5M	558.9M	642.7M	674.9M
Total Liab	2.3B	2.8B	3.2B	3.1B	3.6B	3.8B
Property Plant And Equipment Gross	276.8M	238.4M	240.6M	571.4M	657.1M	690.0M
Total Current Assets	1.4B	1.4B	1.6B	1.7B	2.0B	2.1B
Accumulated Other Comprehensive Income	(30.8M)	(22.5M)	(16.2M)	(9.2M)	(10.6M)	(11.1M)
Short Term Debt	151.7M	63.2M	211.8M	64M	73.6M	53.9M
Intangible Assets	239.7M	424.8M	378.5M	302.9M	348.3M	365.8M
Accounts Payable	273.3M	289.4M	315.5M	299.1M	344.0M	361.2M
Current Deferred Revenue	561.8M	933.1M	89.7M	90.1M	103.6M	98.4M
Other Liab	537M	571.8M	601.3M	526.2M	605.1M	364.0M
Long Term Debt	603M	852.8M	1.1B	1.3B	1.5B	1.5B
Property Plant Equipment	276.8M	238.4M	240.6M	244.9M	281.6M	295.7M
Good Will	1.7B	2.2B	2.5B	2.5B	2.9B	3.0B
Net Tangible Assets	(410.8M)	(1.0B)	1.3B	(994.3M)	(894.9M)	(850.1M)
Retained Earnings Total Equity	771.2M	856.3M	880.2M	1.1B	1.2B	754.1M
Long Term Debt Total	744.2M	605.8M	852.8M	1.1B	1.2B	1.3B
Capital Surpluse	708.9M	724.1M	750.9M	675.5M	776.8M	519.1M

Pair Trading with ABM Industries

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if ABM Industries position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in ABM Industries will appreciate offsetting losses from the drop in the long position's value.

Moving together with ABM Stock

0.92

NL Industries Earnings Call This Week

Pair Corr

Moving against ABM Stock

0.86	HDSN	Hudson Technologies Earnings Call This Week	Pair Corr
0.8	HURN	Huron Consulting Earnings Call This Week	Pair Corr
0.8	AMBI	Ambipar Emergency Report 10th of May 2024	Pair Corr
0.79	PYCR	Paycor HCM Financial Report 8th of May 2024	Pair Corr
0.68	RGP	Resources Connection Financial Report 22nd of July 2024	Pair Corr

The ability to find closely correlated positions to ABM Industries could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace ABM Industries when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back ABM Industries - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling ABM Industries Incorporated to buy it.

The correlation of ABM Industries is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as ABM Industries moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if ABM Industries rporated moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for ABM Industries can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of labor statistics.

Note that the ABM Industries rporated information on this page should be used as a complementary analysis to other ABM Industries' statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.

Other Tools for ABM Stock

When running ABM Industries' price analysis, check to measure ABM Industries' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy ABM Industries is operating at the current time. Most of ABM Industries' value examination focuses on studying past and present price action to predict the probability of ABM Industries' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ABM Industries' price. Additionally, you may evaluate how the addition of ABM Industries to your portfolios can decrease your overall portfolio volatility.

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