Waste Management Inc (WM)
Return on assets (ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 2,304,000 | 2,310,000 | 2,286,000 | 2,258,000 | 2,238,000 | 2,245,000 | 2,144,000 | 1,908,000 | 1,816,000 | 1,748,000 | 1,600,000 | 1,556,000 | 1,496,000 | 1,505,000 | 1,610,000 | 1,684,000 | 1,670,000 | 1,754,000 | 1,758,000 | 1,876,000 |
| Total assets | US$ in thousands | 32,823,000 | 31,935,000 | 31,614,000 | 31,290,000 | 31,367,000 | 29,841,000 | 30,128,000 | 29,219,000 | 29,097,000 | 28,841,000 | 29,037,000 | 29,070,000 | 29,345,000 | 24,772,000 | 26,619,000 | 27,178,000 | 27,743,000 | 27,109,000 | 25,986,000 | 23,373,000 |
| ROA | 7.02% | 7.23% | 7.23% | 7.22% | 7.13% | 7.52% | 7.12% | 6.53% | 6.24% | 6.06% | 5.51% | 5.35% | 5.10% | 6.08% | 6.05% | 6.20% | 6.02% | 6.47% | 6.77% | 8.03% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $2,304,000K ÷ $32,823,000K
= 7.02%
Waste Management, Inc.'s Return on Assets (ROA) has been relatively stable over the past eight quarters, ranging from 6.53% in Q1 2022 to 7.52% in Q3 2022. The company's ROA for Q4 2023 stands at 7.02%. This indicates that for every dollar of assets held by Waste Management, the company generates a profit of approximately 7.02 cents.
Overall, Waste Management, Inc. has maintained a healthy level of efficiency in utilizing its assets to generate profits, with ROA consistently above 7% in recent quarters. This suggests that the company is effectively managing its assets to generate returns for its shareholders and stakeholders. However, it is important to conduct further analysis and compare the ROA with industry peers to gain more insights into Waste Management's performance and competitiveness in the market.
Peer comparison
Dec 31, 2023
See also:
Waste Management Inc Return on Assets (ROA) (Quarterly Data)