Waste Management Inc (WM)
Total 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 |
| Total assets | US$ in thousands | 44,567,000 | 32,823,000 | 31,367,000 | 29,097,000 | 29,345,000 |
| Total asset turnover | 0.50 | 0.61 | 0.62 | 0.60 | 0.50 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $22,158,000K ÷ $44,567,000K
= 0.50
Total asset turnover is a measure of a company's ability to generate revenue relative to its total assets. Waste Management Inc's total asset turnover has shown some fluctuation over the past five years, ranging from 0.50 to 0.62.
The trend indicates that Waste Management Inc improved its efficiency in utilizing its assets to generate revenue between 2020 and 2022, with the total asset turnover increasing from 0.50 to 0.62. However, there was a slight decline in 2023 and 2024, with the total asset turnover decreasing to 0.61 and then back to 0.50.
Overall, Waste Management Inc's total asset turnover has shown some variability but remains relatively stable around the range of 0.50 to 0.62, indicating that the company is efficiently utilizing its assets to generate revenue. Further analysis would be necessary to assess the reasons behind the fluctuations and to determine the impact on the company's overall financial performance.
Peer comparison
Dec 31, 2024