Waste Management Inc (WM)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 2,746,000 | 2,304,000 | 2,238,000 | 1,816,000 | 1,496,000 |
| Total assets | US$ in thousands | 44,567,000 | 32,823,000 | 31,367,000 | 29,097,000 | 29,345,000 |
| ROA | 6.16% | 7.02% | 7.13% | 6.24% | 5.10% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $2,746,000K ÷ $44,567,000K
= 6.16%
Waste Management Inc's return on assets (ROA) has shown a positive trend over the past five years, starting at 5.10% on December 31, 2020, and steadily increasing to 6.24% on December 31, 2021, 7.13% on December 31, 2022, and peaking at 7.02% on December 31, 2023. However, there was a slight decrease to 6.16% on December 31, 2024. This indicates that the company has been effectively utilizing its assets to generate profits, with a notable improvement in ROA performance until the last year analyzed. Overall, the trend suggests that Waste Management Inc has been efficient in generating returns relative to its asset base, although a slight dip was observed in the most recent period.
Peer comparison
Dec 31, 2024