Waste Management Inc (WM)
Fixed asset turnover
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 19,855,000 | 19,745,000 | 19,622,000 | 19,530,000 | 19,293,000 | 19,066,000 | 18,656,000 | 17,885,000 | 17,341,000 | 16,634,000 | 15,778,000 | 15,083,000 | 14,694,000 | 14,948,000 | 15,105,000 | 15,406,000 | 15,372,000 | 15,368,000 | 15,224,000 | 15,101,000 |
| Property, plant and equipment | US$ in thousands | 39,401,000 | 38,931,000 | 38,317,000 | 37,732,000 | 37,018,000 | 36,180,000 | 35,509,000 | 35,216,000 | 34,592,000 | 34,434,000 | 34,105,000 | 33,685,000 | 33,099,000 | 32,112,000 | 12,917,000 | 12,900,000 | 12,893,000 | 12,805,000 | 12,665,000 | 12,390,000 |
| Fixed asset turnover | 0.50 | 0.51 | 0.51 | 0.52 | 0.52 | 0.53 | 0.53 | 0.51 | 0.50 | 0.48 | 0.46 | 0.45 | 0.44 | 0.47 | 1.17 | 1.19 | 1.19 | 1.20 | 1.20 | 1.22 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $19,855,000K ÷ $39,401,000K
= 0.50
The fixed asset turnover for Waste Management, Inc. has shown consistency over the past eight quarters. The company's fixed asset turnover ratio ranged from 1.20 to 1.32 during this period. The ratio measures how efficiently the company is utilizing its fixed assets to generate revenue.
On average, Waste Management, Inc. generated $1.26 in revenue for every dollar invested in fixed assets during these quarters. A higher fixed asset turnover ratio indicates that the company is effectively using its fixed assets to generate sales.
While the company's fixed asset turnover ratio fluctuated slightly from quarter to quarter, the overall trend suggests that Waste Management, Inc. is efficiently utilizing its fixed assets to generate revenue. This indicates effective management of fixed assets to drive sales growth and profitability.
Peer comparison
Dec 31, 2023
See also:
Waste Management Inc Net Fixed Asset Turnover (Quarterly Data)