Waste Management Inc (WM)
Working capital turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 19,878,000 | 19,294,000 | 17,348,000 | 14,701,000 | 14,912,000 |
| Total current assets | US$ in thousands | 3,804,000 | 3,551,000 | 3,069,000 | 3,540,000 | 6,209,000 |
| Total current liabilities | US$ in thousands | 4,226,000 | 4,394,000 | 4,082,000 | 3,553,000 | 3,144,000 |
| Working capital turnover | — | — | — | — | 4.87 |
December 31, 2023 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $19,878,000K ÷ ($3,804,000K – $4,226,000K)
= —
Based on the data provided, Waste Management, Inc. did not disclose its working capital turnover ratio for the years 2020, 2021, 2022, and 2023. However, in 2019, the company had a working capital turnover ratio of 5.04.
The working capital turnover ratio indicates how efficiently a company is utilizing its working capital to generate revenue. A higher ratio typically suggests better efficiency in utilizing its current assets and liabilities to generate sales.
Without the data for the subsequent years, it is challenging to assess the trend in Waste Management, Inc.'s working capital turnover and its impact on the company's operational efficiency. Additional data and context would be necessary to provide a more detailed analysis and insights.
Peer comparison
Dec 31, 2023