What is Waste Management Inc's ROA in the fourth quarter of 2023?
Waste Management Inc achieved a return on average assets (ROA) of
7.13 % in its fourth quarter of 2023, this is above WM's average return on assets of 5.31%.
Waste Management Incs assets during the 12 months ending in the fourth quarter of 2023 are valued at $31 billion
ROA decreased relative to the period ending Sep 30 2023, due to the decline in net income.
However, within the
Services sector 80 other companies had a higher return on assets. While Return on assets, overall ranking has advanced in the Dec 31 2023 quarter, so far to
651, from total ROA ranking in the third quarter of 2023 at
850.
What is ROA?