Waste Management Inc (WM)
Receivables 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 |
| Receivables | US$ in thousands | 3,687,000 | 2,870,000 | 2,752,000 | 2,546,000 | 2,624,000 |
| Receivables turnover | 6.01 | 6.93 | 7.01 | 6.81 | 5.60 |
December 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $22,158,000K ÷ $3,687,000K
= 6.01
The receivables turnover ratio for Waste Management Inc has shown a positive trend over the years, increasing from 5.60 in December 31, 2020, to 6.81 in December 31, 2021, further improving to 7.01 in December 31, 2022. Despite a slight dip to 6.93 in December 31, 2023, the ratio remains relatively high, indicating that the company is able to efficiently collect payments from its customers. The most recent data point, 6.01 in December 31, 2024, suggests a minor decrease in receivables turnover, but overall, Waste Management Inc has demonstrated effective management of its accounts receivables throughout the period.
Peer comparison
Dec 31, 2024