Total Asset Turnover
since 2005
Calculation
Waste Management Inc., total asset turnover, long-term trends, calculation
| Total asset turnover | = | Operating revenues1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|
| Dec 31, 2021 | 0.62 | = | 17,931) | ÷ | 29,097) |
| Dec 31, 2020 | 0.52 | = | 15,218) | ÷ | 29,345) |
| Dec 31, 2019 | 0.56 | = | 15,455) | ÷ | 27,743) |
| Dec 31, 2018 | 0.66 | = | 14,914) | ÷ | 22,650) |
| Dec 31, 2017 | 0.66 | = | 14,485) | ÷ | 21,829) |
| Dec 31, 2016 | 0.65 | = | 13,609) | ÷ | 20,859) |
| Dec 31, 2015 | 0.63 | = | 12,961) | ÷ | 20,419) |
| Dec 31, 2014 | 0.65 | = | 13,996) | ÷ | 21,412) |
| Dec 31, 2013 | 0.62 | = | 13,983) | ÷ | 22,603) |
| Dec 31, 2012 | 0.59 | = | 13,649) | ÷ | 23,097) |
| Dec 31, 2011 | 0.59 | = | 13,378) | ÷ | 22,569) |
| Dec 31, 2010 | 0.58 | = | 12,515) | ÷ | 21,476) |
| Dec 31, 2009 | 0.56 | = | 11,791) | ÷ | 21,154) |
| Dec 31, 2008 | 0.66 | = | 13,388) | ÷ | 20,227) |
| Dec 31, 2007 | 0.66 | = | 13,310) | ÷ | 20,175) |
| Dec 31, 2006 | 0.65 | = | 13,363) | ÷ | 20,600) |
| Dec 31, 2005 | 0.62 | = | 13,074) | ÷ | 21,135) |
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
- Operating Revenues
- The operating revenues displayed a generally positive trend over the analyzed period. Starting at $13,074 million in 2005, revenues experienced moderate fluctuations with a slight dip around 2009, reaching a low of $11,791 million. Following this decline, revenues gradually increased each year, surpassing previous highs to reach $17,931 million by 2021. The growth trend indicates an overall expansion in the company's sales or service income despite occasional downturns.
- Total Assets
- Total assets remained relatively stable with minor fluctuations during the initial years, ranging between approximately $20,100 million and $23,000 million from 2005 to 2014. Beginning in 2015, there was a marked and sustained increase in total assets, peaking at $29,345 million in 2021. This substantial growth following 2014 suggests significant asset acquisitions or capital investments, indicative of expansion efforts or shifts in asset management strategy.
- Total Asset Turnover
- The total asset turnover ratio, reflecting efficiency in generating revenues from assets, generally hovered around 0.6 throughout the period. It started at 0.62 in 2005, showed a peak of 0.66 during 2007-2008 and again in 2013-2014, and presented a declining trend from 2015, reaching a low of 0.52 in 2020 before rebounding to 0.62 in 2021. This pattern demonstrates fluctuating efficiency, with a noticeable decline coinciding with the asset growth phase post-2014. The rebound in 2021 might indicate improved asset utilization following recent investments or operational adjustments.
Comparison to Industry (Industrials)
Waste Management Inc., total asset turnover, long-term trends, comparison to industry (industrials)
| Waste Management Inc. | Industrials | |
|---|---|---|
| Dec 31, 2021 | 0.62 | 0.58 |
| Dec 31, 2020 | 0.52 | 0.50 |
| Dec 31, 2019 | 0.56 | 0.62 |
| Dec 31, 2018 | 0.66 | 0.67 |
| Dec 31, 2017 | 0.66 | 0.62 |
| Dec 31, 2016 | 0.65 | 0.61 |
| Dec 31, 2015 | 0.63 | 0.54 |
| Dec 31, 2014 | 0.65 | 0.49 |
| Dec 31, 2013 | 0.62 | 0.47 |
| Dec 31, 2012 | 0.59 | 0.46 |
| Dec 31, 2011 | 0.59 | 0.45 |
| Dec 31, 2010 | 0.58 | 0.41 |
| Dec 31, 2009 | 0.56 | 0.39 |
| Dec 31, 2008 | 0.66 | 0.43 |
| Dec 31, 2007 | 0.66 | 0.41 |
| Dec 31, 2006 | 0.65 | 0.43 |
| Dec 31, 2005 | 0.62 | 0.40 |
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).