Waste Management Inc (WM)
Working capital 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 current assets | US$ in thousands | 4,774,000 | 4,259,000 | 4,439,000 | 3,529,000 | 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 |
| Total current liabilities | US$ in thousands | 6,258,000 | 4,779,000 | 4,136,000 | 3,949,000 | 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 |
| Working capital turnover | — | — | 67.33 | — | — | — | — | — | — | — | 70.40 | — | — | — | — | 359.12 | — | 27.13 | — | 6.01 |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $22,102,000K ÷ ($4,774,000K – $6,258,000K)
= —
Based on the provided data, Waste Management Inc's working capital turnover ratio has shown fluctuations over the periods mentioned.
- For the periods where data is available, the working capital turnover ratio was 6.01 on March 31, 2020, spiked to 27.13 on September 30, 2020, and surged significantly to 359.12 on March 31, 2021. This sharp increase indicates that Waste Management Inc was efficient in utilizing its working capital to generate revenue during this period.
- The ratio then dropped to 70.40 on June 30, 2022, showing a decrease in the efficiency of working capital utilization compared to the previous period. However, it was still relatively high compared to the initial periods.
- There was another notable increase in the working capital turnover ratio to 67.33 on June 30, 2024, indicating an improvement in the efficiency of working capital utilization compared to the previous period.
Overall, Waste Management Inc's working capital turnover ratio has experienced fluctuations, with significant spikes observed in some periods. It is essential for the company to closely monitor and manage its working capital to sustain its operational efficiency and profitability.
Peer comparison
Dec 31, 2024
See also:
Waste Management Inc Working Capital Turnover (Quarterly Data)