Waste Management Inc (WM)
Total asset turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 22,102,000 | 20,806,000 | 20,400,000 | 20,122,000 | 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 |
| Total assets | US$ in thousands | 44,567,000 | 34,730,000 | 33,999,000 | 32,666,000 | 32,823,000 | 31,935,000 | 31,614,000 | 31,290,000 | 31,367,000 | 29,841,000 | 30,128,000 | 29,219,000 | 29,097,000 | 28,841,000 | 29,037,000 | 29,070,000 | 29,345,000 | 24,772,000 | 26,619,000 | 27,178,000 |
| Total asset turnover | 0.50 | 0.60 | 0.60 | 0.62 | 0.60 | 0.62 | 0.62 | 0.62 | 0.62 | 0.64 | 0.62 | 0.61 | 0.60 | 0.58 | 0.54 | 0.52 | 0.50 | 0.60 | 0.57 | 0.57 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $22,102,000K ÷ $44,567,000K
= 0.50
Total asset turnover for Waste Management Inc has been relatively stable over the past few years, ranging between 0.50 and 0.64. This ratio indicates how efficiently the company is utilizing its assets to generate revenue.
A total asset turnover of less than 1 suggests that the company is not generating a high level of sales relative to its total assets. Waste Management Inc's average total asset turnover of around 0.57 to 0.62 suggests that the company may need to improve its asset utilization to generate more revenue from its existing asset base.
It is important for Waste Management Inc to monitor and potentially improve its total asset turnover over time to ensure optimal utilization of its resources and to enhance its financial performance.
Peer comparison
Dec 31, 2024