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
See also:
Waste Management Inc Working Capital Turnover (Quarterly Data)