Return on Assets (ROA)
since 2005
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Calculation
Waste Management Inc., ROA, long-term trends, calculation
| ROA | = | 100 | × | Net income attributable to Waste Management, Inc.1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|---|---|
| Dec 31, 2021 | = | 100 | × | ÷ | |||
| Dec 31, 2020 | = | 100 | × | ÷ | |||
| Dec 31, 2019 | = | 100 | × | ÷ | |||
| Dec 31, 2018 | = | 100 | × | ÷ | |||
| Dec 31, 2017 | = | 100 | × | ÷ | |||
| Dec 31, 2016 | = | 100 | × | ÷ | |||
| Dec 31, 2015 | = | 100 | × | ÷ | |||
| Dec 31, 2014 | = | 100 | × | ÷ | |||
| Dec 31, 2013 | = | 100 | × | ÷ | |||
| Dec 31, 2012 | = | 100 | × | ÷ | |||
| Dec 31, 2011 | = | 100 | × | ÷ | |||
| Dec 31, 2010 | = | 100 | × | ÷ | |||
| Dec 31, 2009 | = | 100 | × | ÷ | |||
| Dec 31, 2008 | = | 100 | × | ÷ | |||
| Dec 31, 2007 | = | 100 | × | ÷ | |||
| Dec 31, 2006 | = | 100 | × | ÷ | |||
| Dec 31, 2005 | = | 100 | × | ÷ |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1 US$ in millions
- Net Income Trend
- The net income experienced a general decline from 2005 through 2013, falling from 1182 million USD in 2005 to a low of 98 million USD in 2013. This represents a sharp decrease indicating potential challenges during this period. Subsequently, there was a notable recovery with fluctuations, achieving peaks in 2017 and 2018 at 1949 million USD and 1925 million USD respectively. Following these peaks, net income slightly decreased but remained relatively strong through to 2021, with 1816 million USD recorded in the latest year.
- Total Assets Trend
- Total assets displayed fluctuations, with a slight overall growth trend. From 21135 million USD in 2005, assets saw some periods of decline or stagnation around 2013 and 2014, dipping to approximately 20419 million USD in 2015. However, the asset base consistently expanded from 2015 onward, rising significantly to 27743 million USD in 2020 and maintaining a high level near 29097 million USD by 2021. This suggests sustained investment or asset acquisition activity in recent years.
- Return on Assets (ROA) Trend
- ROA mirrored the fluctuations observed in net income but remained within a moderate range overall. Beginning at 5.59% in 2005, the ratio showed a declining trend, reaching a minimum of 0.43% in 2013, corresponding with the significant drop in net income. Post-2013, ROA improved markedly, peaking at 8.93% in 2017 and sustaining strong levels above 6% through 2021. This indicates improved efficiency in asset utilization during the latter part of the period analyzed.
- Summary of Financial Performance
- The data reveals a challenging period up to 2013 characterized by decreasing profitability and asset utilization efficiency. The recovery phase following 2013 is notable, with substantial improvements in net income and ROA, alongside a steady increase in total assets. Overall, the company's ability to generate profit from its asset base strengthened significantly in recent years, suggesting enhanced operational performance or favorable market conditions influencing financial outcomes positively.
Comparison to Industry (Industrials)
Waste Management Inc., ROA, long-term trends, comparison to industry (industrials)
| Waste Management Inc. | Industrials | |
|---|---|---|
| Dec 31, 2021 | ||
| Dec 31, 2020 | ||
| Dec 31, 2019 | ||
| Dec 31, 2018 | ||
| Dec 31, 2017 | ||
| Dec 31, 2016 | ||
| Dec 31, 2015 | ||
| Dec 31, 2014 | ||
| Dec 31, 2013 | ||
| Dec 31, 2012 | ||
| Dec 31, 2011 | ||
| Dec 31, 2010 | ||
| Dec 31, 2009 | ||
| Dec 31, 2008 | ||
| Dec 31, 2007 | ||
| Dec 31, 2006 | ||
| Dec 31, 2005 |
Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).