Waste Management Inc (WM)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 6,903,000 | 6,950,000 | 6,909,000 | 6,794,000 | 6,849,000 | 7,010,000 | 7,190,000 | 7,144,000 | 7,124,000 | 7,172,000 | 7,352,000 | 7,427,000 | 7,452,000 | 7,155,000 | 6,891,000 | 6,743,000 | 7,068,000 | 6,785,000 | 6,466,000 | 6,415,000 |
| ROE | 33.38% | 33.24% | 33.09% | 33.24% | 32.68% | 32.03% | 29.82% | 26.71% | 25.49% | 24.37% | 21.76% | 20.95% | 20.08% | 21.03% | 23.36% | 24.97% | 23.63% | 25.85% | 27.19% | 29.24% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $2,304,000K ÷ $6,903,000K
= 33.38%
The return on equity (ROE) of Waste Management, Inc. has shown a consistent upward trend over the past eight quarters, indicating efficient utilization of shareholder equity to generate profits. The ROE has experienced a steady increase from 26.71% in Q1 2022 to 33.38% in Q4 2023. This improvement suggests that the company is effectively leveraging its equity to generate higher returns for its shareholders. Waste Management, Inc. has demonstrated strong financial performance and consistent profitability during this period, reflecting positively on its operational efficiency and financial management.
Peer comparison
Dec 31, 2023
See also:
Waste Management Inc Return on Equity (ROE) (Quarterly Data)