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Waste Management Inc  (WM)
Other Ticker:  
 
    Sector  Services    Industry Environmental Services
   Industry Environmental Services
   Sector  Services

Waste Management Inc's Working Capital Ratio

WM's quarterly Working Capital Ratio and Current Assets, Current Liabilities growth


Waste Management Inc's Current Assets grew by 6.79 % in the IV Quarter 2023 sequentially, faster than Current Liabilities, this led to improvement in Waste Management Inc's Working Capital Ratio to 1.04, above Waste Management Inc average Working Capital Ratio.

Within Environmental Services industry only one company has achieved higher Working Capital Ratio in forth quarter 2023. While Working Capital Ratio total ranking has improved so far during the IV Quarter 2023 to 674, from total ranking in the third quarter 2023 at 3500.

Explain Working Capital Ratio
How much in Current Assets WM´s has?
What is the value of WM´s Current Liabilities?


WM Working Capital Ratio (Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
Y / Y Current Liabilities Change -4.13 % 11.96 % 18.58 % 2.06 % 8.37 %
Y / Y Current Assets Change 7.12 % 9.13 % -12.72 % 10.2 % 15.71 %
Working Capital Ratio MRQ 1.04 0.98 0.94 1.03 0.93
WM's Total Ranking # 674 # 3500 # 3596 # 3322 # 737
Seq. Current Liabilities Change 0.47 % -1.41 % 12.56 % -14.01 % 17.33 %
Seq. Current Assets Change 6.79 % 2.36 % 3.23 % -5.07 % 8.79 %



Working Capital Ratio forth quarter 2023 Company Ranking
Within: No.
Environmental Services Industry # 2
Services Sector # 68
Overall Market # 674


Working Capital Ratio Statistics
High Average Low
2.38 1.02 0.71
(Dec 31 2019)   (Sep 30 2017)




Financial Statements
Waste Management Inc's Current Liabilities $ 3,648 Millions Visit WM's Balance sheet
Waste Management Inc's Current Assets $ 3,804 Millions Visit WM's Balance sheet
Source of WM's Sales Visit WM's Sales by Geography


Cumulative Waste Management Inc's Working Capital Ratio

WM's Working Capital Ratio for the trailling 12 Months

WM Working Capital Ratio

(Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
Y / Y Current Liabilities TTM Growth -4.13 % 11.96 % 18.58 % 2.06 % 8.37 %
Y / Y Current Assets TTM Growth 7.12 % 9.13 % -12.72 % 10.2 % 15.71 %
Working Capital Ratio TTM 1 0.97 0.98 1.06 1.04
Total Ranking TTM # 394 # 2933 # 4049 # 4117 # 2588
Seq. Current Liabilities TTM Growth 0.47 % -1.41 % 12.56 % -14.01 % 17.33 %
Seq. Current Assets TTM Growth 6.79 % 2.36 % 3.23 % -5.07 % 8.79 %


On the trailing twelve months basis WM Current Assets improved by 7.12 % in IV Quarter 2023 year on year, while Current Liabilities rose to $3,648 millions, this led to increase in in Waste Management Inc's Working Capital Ratio to 1, above WM average Working Capital Ratio.
Working Capital Ratio is the average cumulative value over the last four quarters.

Among companies operating within Environmental Services industry WM achieved the highest Working Capital Ratio. While Working Capital Ratio overall ranking has improved so far to 394, from total ranking during the twelve months ending third quarter 2023 at 2933.

Explain Working Capital Ratio
How much in Current Assets WM´s has?
What is the value of WM´s Current Liabilities?

TTM Working Capital Ratio Company Ranking
Within: No.
Within the Environmental Services Industry # 0
Services Sector # 35
Within the Market # 394


trailing twelve months Working Capital Ratio Statistics
High Average Low
1.85 0.96 0.75
(Mar 31 2020)   (Jun 30 2018)




Companies with similar Working Capital Ratio in the quarter ending Dec 31 2023, within Environmental Services Industry Working Capital RatioDec 31 2023 MRQ Current AssetsDec 31 2023 MRQ Current Liabilities
Clean Harbors inc   1.98 $ 2,052.219  Millions$ 1,037.537  Millions
Casella Waste Systems inc   1.53 $ 427.374  Millions$ 278.858  Millions
Pacific Green Technologies Inc   1.39 $ 25.805  Millions$ 18.537  Millions
Perma Fix Environmental Services Inc  1.18 $ 30.560  Millions$ 25.947  Millions
Waste Management Inc  1.04 $ 3,804.000  Millions$ 3,648.000  Millions
Li cycle Holdings Corp   0.98 $ 149.000  Millions$ 152.100  Millions
Stericycle Inc   0.94 $ 671.500  Millions$ 718.000  Millions
Waste Connections inc   0.68 $ 1,141.785  Millions$ 1,687.932  Millions
Republic Services Inc   0.56 $ 2,381.000  Millions$ 4,228.300  Millions

Date modified: 2024-02-13T22:24:28+00:00



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