Analysis of Geographic Areas
Waste Management Inc. operates in 2 regions: U.S. and Canada.
Area Asset Turnover
Waste Management Inc., asset turnover by geographic area
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
|---|---|---|---|---|---|
| U.S. | 1.28 | 1.10 | 1.23 | 1.28 | 1.30 |
| Canada | 0.80 | 0.73 | 0.79 | 0.83 | 0.74 |
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).
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | U.S. | U.S. area asset turnover ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level. |
| Canada | Canada area asset turnover ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level. |
Area Asset Turnover: U.S.
Waste Management Inc.; U.S.; area asset turnover calculation
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Net operating revenues | 17,136) | 14,505) | 14,701) | 14,167) | 13,768) |
| Property and equipment, net of accumulated depreciation and amortization | 13,428) | 13,168) | 11,941) | 11,044) | 10,591) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 1.28 | 1.10 | 1.23 | 1.28 | 1.30 |
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).
1 2021 Calculation
Area asset turnover = Net operating revenues ÷ Property and equipment, net of accumulated depreciation and amortization
= 17,136 ÷ 13,428 = 1.28
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | U.S. | U.S. area asset turnover ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level. |
Area Asset Turnover: Canada
Waste Management Inc.; Canada; area asset turnover calculation
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Net operating revenues | 795) | 713) | 754) | 747) | 717) |
| Property and equipment, net of accumulated depreciation and amortization | 991) | 980) | 952) | 898) | 968) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 0.80 | 0.73 | 0.79 | 0.83 | 0.74 |
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).
1 2021 Calculation
Area asset turnover = Net operating revenues ÷ Property and equipment, net of accumulated depreciation and amortization
= 795 ÷ 991 = 0.80
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | Canada | Canada area asset turnover ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level. |
Net operating revenues
Waste Management Inc., net operating revenues by geographic area
US$ in millions
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
|---|---|---|---|---|---|
| U.S. | 17,136) | 14,505) | 14,701) | 14,167) | 13,768) |
| Canada | 795) | 713) | 754) | 747) | 717) |
| Total | 17,931) | 15,218) | 15,455) | 14,914) | 14,485) |
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).
Property and equipment, net of accumulated depreciation and amortization
Waste Management Inc., property and equipment, net of accumulated depreciation and amortization by geographic area
US$ in millions
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
|---|---|---|---|---|---|
| U.S. | 13,428) | 13,168) | 11,941) | 11,044) | 10,591) |
| Canada | 991) | 980) | 952) | 898) | 968) |
| Total | 14,419) | 14,148) | 12,893) | 11,942) | 11,559) |
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).