Waste Management Inc (WM)

Working capital 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
Total current assets US$ in thousands 3,804,000 3,562,000 3,480,000 3,371,000 3,551,000 3,264,000 3,987,000 3,059,000 3,069,000 3,184,000 3,226,000 3,327,000 3,540,000 3,357,000 5,106,000 5,635,000 6,209,000 5,560,000 4,836,000 2,488,000
Total current liabilities US$ in thousands 4,226,000 4,218,000 4,251,000 3,856,000 4,394,000 3,834,000 3,722,000 3,806,000 4,082,000 4,102,000 3,683,000 3,285,000 3,553,000 2,806,000 5,772,000 3,070,000 3,144,000 2,989,000 2,846,000 3,612,000
Working capital turnover 70.40 359.12 27.13 6.01 5.02 5.98 7.65

December 31, 2023 calculation

Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $19,855,000K ÷ ($3,804,000K – $4,226,000K)
= —

Based on the available data for Waste Management, Inc., the working capital turnover ratio was not reported for Q4 2023, Q3 2023, Q2 2023, Q1 2023, and Q4 2022. However, in Q2 2022, the working capital turnover ratio was 71.82. This indicates that Waste Management, Inc. generated $71.82 in revenue for each dollar of working capital invested during that quarter.

As the working capital turnover ratio provides insight into how effectively a company is utilizing its working capital to generate revenue, the lack of data for other quarters makes it challenging to assess the trend or draw meaningful comparisons over time. It is important to monitor this ratio consistently to evaluate the company's efficiency in managing its working capital and optimizing its operations.


Peer comparison

Dec 31, 2023

Company name
Symbol
Working capital turnover
Waste Management Inc
WM
Republic Services Inc
RSG

See also:

Waste Management Inc Working Capital Turnover (Quarterly Data)