Waste Management Inc (WM)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 2,304,000 | 2,238,000 | 1,816,000 | 1,496,000 | 1,670,000 |
| Total assets | US$ in thousands | 32,823,000 | 31,367,000 | 29,097,000 | 29,345,000 | 27,743,000 |
| ROA | 7.02% | 7.13% | 6.24% | 5.10% | 6.02% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $2,304,000K ÷ $32,823,000K
= 7.02%
Waste Management, Inc.'s return on assets (ROA) has shown a fluctuating trend over the past five years. The ROA was 6.02% in 2019, increased to 6.24% in 2021, and further rose to 7.13% in 2022. However, there was a slight decline in ROA to 7.02% in 2023. Overall, Waste Management, Inc.'s ROA indicates the company's ability to generate profits from its assets. This performance measure suggests that the company has been effectively utilizing its assets to generate earnings, with variations in performance observed across the years.
Peer comparison
Dec 31, 2023