Analysis of Long-term (Investment) Activity Ratios
Quarterly Data
Activity ratios measure how efficiently a company performs day-to-day tasks, such us the collection of receivables and management of inventory.
Long-term Activity Ratios (Summary)
Waste Management Inc., long-term (investment) activity ratios (quarterly data)
Based on: 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).
| Long-term activity ratio | Description | The company |
|---|---|---|
| Net fixed asset turnover | An activity ratio calculated as total revenue divided by net fixed assets. | Waste Management Inc. net fixed asset turnover ratio improved from Q2 2021 to Q3 2021 and from Q3 2021 to Q4 2021. |
| Total asset turnover | An activity ratio calculated as total revenue divided by total assets. | Waste Management Inc. total asset turnover ratio improved from Q2 2021 to Q3 2021 and from Q3 2021 to Q4 2021. |
| Equity turnover | An activity ratio calculated as total revenue divided by shareholders’ equity. | Waste Management Inc. equity turnover ratio improved from Q2 2021 to Q3 2021 and from Q3 2021 to Q4 2021. |
Net Fixed Asset Turnover
Waste Management Inc., net fixed asset turnover calculation (quarterly data)
| 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 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||
| Operating revenues | 4,678) | 4,665) | 4,476) | 4,112) | 4,067) | 3,861) | 3,561) | 3,729) | 3,846) | 3,967) | 3,946) | 3,696) | 3,842) | 3,822) | 3,739) | 3,511) | 3,652) | 3,716) | 3,677) | 3,440) | ||||||
| Property and equipment, net of accumulated depreciation and amortization | 14,419) | 14,083) | 14,110) | 14,038) | 14,148) | 12,846) | 12,917) | 12,900) | 12,893) | 12,805) | 12,665) | 12,390) | 11,942) | 11,815) | 11,625) | 11,637) | 11,559) | 11,136) | 11,002) | 10,929) | ||||||
| Long-term Activity Ratio | ||||||||||||||||||||||||||
| Net fixed asset turnover1 | 1.24 | 1.23 | 1.17 | 1.11 | 1.08 | 1.17 | 1.17 | 1.20 | 1.20 | 1.21 | 1.21 | 1.22 | 1.25 | 1.25 | 1.26 | 1.25 | 1.25 | — | — | — | ||||||
| Benchmarks | ||||||||||||||||||||||||||
| Net Fixed Asset Turnover, Competitors2 | ||||||||||||||||||||||||||
| Cintas Corp. | 5.40 | 5.19 | 5.16 | 5.09 | 5.05 | 5.06 | 5.00 | 4.93 | 4.82 | — | — | — | — | — | — | — | — | — | — | — | ||||||
Based on: 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).
1 Q4 2021 Calculation
Net fixed asset turnover
= (Operating revenuesQ4 2021
+ Operating revenuesQ3 2021
+ Operating revenuesQ2 2021
+ Operating revenuesQ1 2021)
÷ Property and equipment, net of accumulated depreciation and amortization
= (4,678 + 4,665 + 4,476 + 4,112)
÷ 14,419 = 1.24
2 Click competitor name to see calculations.
| Long-term activity ratio | Description | The company |
|---|---|---|
| Net fixed asset turnover | An activity ratio calculated as total revenue divided by net fixed assets. | Waste Management Inc. net fixed asset turnover ratio improved from Q2 2021 to Q3 2021 and from Q3 2021 to Q4 2021. |
Total Asset Turnover
Waste Management Inc., total asset turnover calculation (quarterly data)
| 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 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||
| Operating revenues | 4,678) | 4,665) | 4,476) | 4,112) | 4,067) | 3,861) | 3,561) | 3,729) | 3,846) | 3,967) | 3,946) | 3,696) | 3,842) | 3,822) | 3,739) | 3,511) | 3,652) | 3,716) | 3,677) | 3,440) | ||||||
| Total assets | 29,097) | 28,841) | 29,037) | 29,070) | 29,345) | 24,772) | 26,619) | 27,178) | 27,743) | 27,109) | 25,986) | 23,373) | 22,650) | 22,591) | 22,014) | 22,106) | 21,829) | 20,949) | 20,839) | 20,650) | ||||||
| Long-term Activity Ratio | ||||||||||||||||||||||||||
| Total asset turnover1 | 0.62 | 0.60 | 0.57 | 0.54 | 0.52 | 0.61 | 0.57 | 0.57 | 0.56 | 0.57 | 0.59 | 0.65 | 0.66 | 0.65 | 0.66 | 0.66 | 0.66 | — | — | — | ||||||
| Benchmarks | ||||||||||||||||||||||||||
| Total Asset Turnover, Competitors2 | ||||||||||||||||||||||||||
| Cintas Corp. | 0.86 | 0.83 | 0.82 | 0.87 | 0.92 | 0.92 | 0.90 | 0.91 | 0.93 | — | — | — | — | — | — | — | — | — | — | — | ||||||
Based on: 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).
1 Q4 2021 Calculation
Total asset turnover
= (Operating revenuesQ4 2021
+ Operating revenuesQ3 2021
+ Operating revenuesQ2 2021
+ Operating revenuesQ1 2021)
÷ Total assets
= (4,678 + 4,665 + 4,476 + 4,112)
÷ 29,097 = 0.62
2 Click competitor name to see calculations.
| Long-term activity ratio | Description | The company |
|---|---|---|
| Total asset turnover | An activity ratio calculated as total revenue divided by total assets. | Waste Management Inc. total asset turnover ratio improved from Q2 2021 to Q3 2021 and from Q3 2021 to Q4 2021. |
Equity Turnover
Waste Management Inc., equity turnover calculation (quarterly data)
| 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 | Dec 31, 2018 | Sep 30, 2018 | Jun 30, 2018 | Mar 31, 2018 | Dec 31, 2017 | Sep 30, 2017 | Jun 30, 2017 | Mar 31, 2017 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||
| Operating revenues | 4,678) | 4,665) | 4,476) | 4,112) | 4,067) | 3,861) | 3,561) | 3,729) | 3,846) | 3,967) | 3,946) | 3,696) | 3,842) | 3,822) | 3,739) | 3,511) | 3,652) | 3,716) | 3,677) | 3,440) | ||||||
| Total Waste Management, Inc. stockholders’ equity | 7,124) | 7,172) | 7,352) | 7,427) | 7,452) | 7,155) | 6,891) | 6,743) | 7,068) | 6,785) | 6,466) | 6,415) | 6,275) | 6,239) | 6,054) | 6,044) | 6,019) | 5,278) | 5,486) | 5,517) | ||||||
| Long-term Activity Ratio | ||||||||||||||||||||||||||
| Equity turnover1 | 2.52 | 2.41 | 2.25 | 2.10 | 2.04 | 2.10 | 2.19 | 2.30 | 2.19 | 2.28 | 2.37 | 2.35 | 2.38 | 2.36 | 2.41 | 2.41 | 2.41 | — | — | — | ||||||
| Benchmarks | ||||||||||||||||||||||||||
| Equity Turnover, Competitors2 | ||||||||||||||||||||||||||
| Cintas Corp. | 1.93 | 1.81 | 1.93 | 1.95 | 2.19 | 2.18 | 2.30 | 2.30 | 2.30 | — | — | — | — | — | — | — | — | — | — | — | ||||||
Based on: 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).
1 Q4 2021 Calculation
Equity turnover
= (Operating revenuesQ4 2021
+ Operating revenuesQ3 2021
+ Operating revenuesQ2 2021
+ Operating revenuesQ1 2021)
÷ Total Waste Management, Inc. stockholders’ equity
= (4,678 + 4,665 + 4,476 + 4,112)
÷ 7,124 = 2.52
2 Click competitor name to see calculations.
| Long-term activity ratio | Description | The company |
|---|---|---|
| Equity turnover | An activity ratio calculated as total revenue divided by shareholders’ equity. | Waste Management Inc. equity turnover ratio improved from Q2 2021 to Q3 2021 and from Q3 2021 to Q4 2021. |