Stock Analysis on Net
Stock Analysis on Net

Waste Management Inc. (NYSE:WM)

This company has been moved to the archive! The financial data has not been updated since February 15, 2022.

Analysis of Long-term (Investment) Activity Ratios 
Quarterly Data

Microsoft Excel

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)

Microsoft Excel
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
Net fixed asset turnover 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 — — —
Total asset turnover 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 — — —
Equity turnover 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 — — —

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)

Microsoft Excel
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 — — —

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

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)

Microsoft Excel
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 — — —

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

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)

Microsoft Excel
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 — — —

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

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.