Waste Management Inc (WM)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 22,158,000 | 19,878,000 | 19,294,000 | 17,348,000 | 14,701,000 |
| Property, plant and equipment | US$ in thousands | 42,660,000 | 39,401,000 | 37,018,000 | 34,592,000 | 33,099,000 |
| Fixed asset turnover | 0.52 | 0.50 | 0.52 | 0.50 | 0.44 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $22,158,000K ÷ $42,660,000K
= 0.52
Waste Management Inc's fixed asset turnover has been showing a positive trend over the last five years, increasing from 0.44 in December 31, 2020 to 0.52 in December 31, 2024. This indicates that Waste Management is generating more revenue relative to its fixed assets, which is a positive sign of operational efficiency. A higher fixed asset turnover ratio suggests that the company is utilizing its fixed assets more effectively to generate sales. Waste Management's consistent improvement in fixed asset turnover demonstrates management's ability to optimize the utilization of its fixed assets over time.
Peer comparison
Dec 31, 2024