Casella Waste Systems Stock Return On Asset

CWST Stock

USD 94.99 0.44 0.46%

Casella Waste Systems fundamentals help investors to digest information that contributes to Casella Waste's financial success or failures. It also enables traders to predict the movement of Casella Stock. The fundamental analysis module provides a way to measure Casella Waste's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Casella Waste stock.

Short Long Term Debt Total Total Assets

Return On Assets is likely to gain to 0.01 in 2024.

This module does not cover all equities due to inconsistencies in global equity categorizations. Continue to Equity Screeners to view more equity screening tools.

Casella Waste Systems Company Return On Asset Analysis

Casella Waste's Return on Asset or ROA shows how effective is the management of the company in generating income from utilizing all of the assets at their disposal. It is a useful ratio to evaluate the performance of different departments of a company as well as to understand management performance over time.

Return On Asset

Net Income

Total Assets

More About Return On Asset | All Equity Analysis

Current Casella Waste Return On Asset

0.0317

Most of Casella Waste's fundamental indicators, such as Return On Asset, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Casella Waste Systems is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Casella Return On Asset Driver Correlations

Understanding the fundamental principles of building solid financial models for Casella Waste is extremely important. It helps to project a fair market value of Casella Stock properly, considering its historical fundamentals such as Return On Asset. Since Casella Waste's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Casella Waste's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Casella Waste's interrelated accounts and indicators.

	Total Assets	Total Stockholder Equity	Net Debt	Retained Earnings	Accounts Payable	Net Receivables	Total Liab	Total Current Assets	Short Term Debt	Intangible Assets	Long Term Debt	Short Term Investments	Common Stock	Property Plant Equipment	Current Deferred Revenue	Good Will	Net Tangible Assets	Total Permanent Equity	Long Term Debt Total	Capital Surpluse	Deferred Long Term Liab	Long Term Investments	Short Long Term Debt	Net Invested Capital	Net Working Capital	Capital Stock
Total Assets		0.97	0.61	0.4	0.96	0.98	0.97	0.98	0.91	0.95	0.77	-0.09	0.56	0.7	0.71	0.95	0.85	-0.49	0.85	0.74	-0.56	-0.57	0.96	0.96	0.86	0.93
Total Stockholder Equity	0.97		0.46	0.59	0.88	0.92	0.89	0.97	0.94	0.98	0.76	0.07	0.48	0.74	0.69	0.96	0.91	-0.44	0.84	0.76	-0.52	-0.46	0.96	0.96	0.88	0.96
Net Debt	0.61	0.46		-0.25	0.71	0.67	0.72	0.52	0.56	0.43	0.39	-0.45	0.8	0.65	0.37	0.45	0.35	-0.45	0.74	0.62	-0.44	-0.64	0.48	0.46	0.33	0.53
Retained Earnings	0.4	0.59	-0.25		0.2	0.26	0.17	0.43	0.55	0.59	0.33	0.56	-0.14	0.45	0.37	0.53	0.64	0.05	0.37	0.37	-0.09	0.23	0.48	0.52	0.48	0.54
Accounts Payable	0.96	0.88	0.71	0.2		0.98	0.99	0.91	0.81	0.88	0.71	-0.24	0.56	0.62	0.71	0.9	0.7	-0.47	0.82	0.63	-0.51	-0.58	0.9	0.9	0.74	0.83
Net Receivables	0.98	0.92	0.67	0.26	0.98		0.99	0.95	0.87	0.91	0.8	-0.14	0.6	0.66	0.67	0.92	0.76	-0.58	0.85	0.7	-0.57	-0.67	0.94	0.93	0.79	0.88
Total Liab	0.97	0.89	0.72	0.17	0.99	0.99		0.94	0.82	0.87	0.73	-0.25	0.61	0.63	0.69	0.89	0.73	-0.52	0.82	0.68	-0.56	-0.64	0.91	0.9	0.79	0.85
Total Current Assets	0.98	0.97	0.52	0.43	0.91	0.95	0.94		0.91	0.94	0.79	0.0	0.52	0.66	0.7	0.95	0.86	-0.5	0.83	0.73	-0.55	-0.55	0.97	0.98	0.94	0.93
Short Term Debt	0.91	0.94	0.56	0.55	0.81	0.87	0.82	0.91		0.93	0.76	0.18	0.6	0.82	0.6	0.9	0.87	-0.51	0.87	0.84	-0.49	-0.51	0.91	0.9	0.83	0.96
Intangible Assets	0.95	0.98	0.43	0.59	0.88	0.91	0.87	0.94	0.93		0.81	0.15	0.41	0.66	0.69	0.99	0.83	-0.43	0.82	0.68	-0.48	-0.44	0.97	0.97	0.84	0.92
Long Term Debt	0.77	0.76	0.39	0.33	0.71	0.8	0.73	0.79	0.76	0.81		0.14	0.49	0.49	0.36	0.81	0.59	-0.65	0.74	0.57	-0.49	-0.71	0.81	0.79	0.69	0.73
Short Term Investments	-0.09	0.07	-0.45	0.56	-0.24	-0.14	-0.25	0.0	0.18	0.15	0.14		-0.14	0.1	-0.19	0.06	0.15	-0.14	0.03	0.13	0.06	0.13	0.0	0.05	0.07	0.13
Common Stock	0.56	0.48	0.8	-0.14	0.56	0.6	0.61	0.52	0.6	0.41	0.49	-0.14		0.77	-0.03	0.36	0.52	-0.69	0.72	0.85	-0.58	-0.84	0.42	0.41	0.37	0.64
Property Plant Equipment	0.7	0.74	0.65	0.45	0.62	0.66	0.63	0.66	0.82	0.66	0.49	0.1	0.77		0.31	0.59	0.82	-0.51	0.86	0.96	-0.51	-0.5	0.6	0.62	0.53	0.86
Current Deferred Revenue	0.71	0.69	0.37	0.37	0.71	0.67	0.69	0.7	0.6	0.69	0.36	-0.19	-0.03	0.31		0.75	0.5	-0.03	0.48	0.24	-0.14	0.01	0.75	0.74	0.66	0.55
Good Will	0.95	0.96	0.45	0.53	0.9	0.92	0.89	0.95	0.9	0.99	0.81	0.06	0.36	0.59	0.75		0.77	-0.37	0.8	0.6	-0.45	-0.42	0.99	0.98	0.86	0.87
Net Tangible Assets	0.85	0.91	0.35	0.64	0.7	0.76	0.73	0.86	0.87	0.83	0.59	0.15	0.52	0.82	0.5	0.77		-0.45	0.73	0.86	-0.52	-0.4	0.78	0.82	0.82	0.95
Total Permanent Equity	-0.49	-0.44	-0.45	0.05	-0.47	-0.58	-0.52	-0.5	-0.51	-0.43	-0.65	-0.14	-0.69	-0.51	-0.03	-0.37	-0.45		-0.52	-0.66	0.65	0.86	-0.41	-0.4	-0.33	-0.57
Long Term Debt Total	0.85	0.84	0.74	0.37	0.82	0.85	0.82	0.83	0.87	0.82	0.74	0.03	0.72	0.86	0.48	0.8	0.73	-0.52		0.83	-0.53	-0.61	0.8	0.82	0.71	0.85
Capital Surpluse	0.74	0.76	0.62	0.37	0.63	0.7	0.68	0.73	0.84	0.68	0.57	0.13	0.85	0.96	0.24	0.6	0.86	-0.66	0.83		-0.59	-0.65	0.63	0.64	0.62	0.9
Deferred Long Term Liab	-0.56	-0.52	-0.44	-0.09	-0.51	-0.57	-0.56	-0.55	-0.49	-0.48	-0.49	0.06	-0.58	-0.51	-0.14	-0.45	-0.52	0.65	-0.53	-0.59		0.63	-0.46	-0.48	-0.45	-0.57
Long Term Investments	-0.57	-0.46	-0.64	0.23	-0.58	-0.67	-0.64	-0.55	-0.51	-0.44	-0.71	0.13	-0.84	-0.5	0.01	-0.42	-0.4	0.86	-0.61	-0.65	0.63		-0.48	-0.45	-0.38	-0.56
Short Long Term Debt	0.96	0.96	0.48	0.48	0.9	0.94	0.91	0.97	0.91	0.97	0.81	0.0	0.42	0.6	0.75	0.99	0.78	-0.41	0.8	0.63	-0.46	-0.48		0.97	0.89	0.88
Net Invested Capital	0.96	0.96	0.46	0.52	0.9	0.93	0.9	0.98	0.9	0.97	0.79	0.05	0.41	0.62	0.74	0.98	0.82	-0.4	0.82	0.64	-0.48	-0.45	0.97		0.91	0.89
Net Working Capital	0.86	0.88	0.33	0.48	0.74	0.79	0.79	0.94	0.83	0.84	0.69	0.07	0.37	0.53	0.66	0.86	0.82	-0.33	0.71	0.62	-0.45	-0.38	0.89	0.91		0.83
Capital Stock	0.93	0.96	0.53	0.54	0.83	0.88	0.85	0.93	0.96	0.92	0.73	0.13	0.64	0.86	0.55	0.87	0.95	-0.57	0.85	0.9	-0.57	-0.56	0.88	0.89	0.83

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Return on Asset measures overall efficiency of a company in generating profits from its total assets. It is expressed as the percentage of profits earned per dollar of Asset. A low ROA typically means that a company is asset-intensive and therefore will needs more money to continue generating revenue in the future.

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Predict Casella Waste

Casella Total Assets

Total Assets

2.66 Billion

At this time, Casella Waste's Total Assets are comparatively stable compared to the past year.

Based on the latest financial disclosure, Casella Waste Systems has a Return On Asset of 0.0317. This is 106.22% lower than that of the Commercial Services & Supplies sector and 100.3% lower than that of the Industrials industry. The return on asset for all United States stocks is 122.64% lower than that of the firm.

Casella Return On Asset Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Casella Waste's direct or indirect competition against its Return On Asset to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Casella Waste could also be used in its relative valuation, which is a method of valuing Casella Waste by comparing valuation metrics of similar companies.

Casella Waste is currently under evaluation in return on asset category among related companies.

Casella Fundamentals

	Return On Equity	0.0334
	Return On Asset	0.0317
	Profit Margin	0.02 %
	Operating Margin	0.05 %
	Current Valuation	6.36 B
	Shares Outstanding	57.12 M
	Shares Owned By Insiders	0.78 %
	Shares Owned By Institutions	99.02 %
	Number Of Shares Shorted	1.65 M
	Price To Earning	44.97 X
	Price To Book	5.41 X
	Price To Sales	4.37 X
	Revenue	1.26 B
	Gross Profit	361.97 M
	EBITDA	301.86 M
	Net Income	25.4 M
	Cash And Equivalents	47.93 M
	Cash Per Share	0.93 X
	Total Debt	1.12 B
	Debt To Equity	1.34 %
	Current Ratio	1.18 X
	Book Value Per Share	17.62 X
	Cash Flow From Operations	233.09 M
	Short Ratio	5.94 X
	Earnings Per Share	0.46 X
	Price To Earnings To Growth	7.52 X
	Target Price	104.43
	Number Of Employees	4.2 K
	Beta	0.9
	Market Capitalization	5.55 B
	Total Asset	2.54 B
	Retained Earnings	(146.52 M)
	Working Capital	147.47 M
	Current Asset	83.08 M
	Current Liabilities	80.85 M
	Net Asset	2.54 B

About Casella Waste Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Casella Waste Systems's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Casella Waste using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Casella Waste Systems based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Please read more on our fundamental analysis page.

Pair Trading with Casella Waste

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Casella Waste position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Casella Waste will appreciate offsetting losses from the drop in the long position's value.

Moving together with Casella Stock

0.74	NL	NL Industries Earnings Call This Week	Pair Corr
0.92	WM	Waste Management Earnings Call Tomorrow	Pair Corr

Moving against Casella Stock

0.83	LNZA	LanzaTech Global Financial Report 20th of May 2024	Pair Corr
0.73	FORR	Forrester Research Financial Report 2nd of May 2024	Pair Corr
0.71	HURN	Huron Consulting Earnings Call This Week	Pair Corr
0.59	ACU	Acme United	Pair Corr
0.55	FC	Franklin Covey Financial Report 26th of June 2024	Pair Corr

The ability to find closely correlated positions to Casella Waste could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Casella Waste when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Casella Waste - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Casella Waste Systems to buy it.

The correlation of Casella Waste is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Casella Waste moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Casella Waste Systems moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Casella Waste can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

When determining whether Casella Waste Systems is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Casella Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Casella Waste Systems Stock. Highlighted below are key reports to facilitate an investment decision about Casella Waste Systems Stock:

How To Invest In Casella

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Is Casella Stock a good investment?

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What is Casella Waste's Net Worth?

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Check out Casella Waste Piotroski F Score and Casella Waste Altman Z Score analysis.

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Complementary Tools for Casella Stock analysis

When running Casella Waste's price analysis, check to measure Casella Waste's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Casella Waste is operating at the current time. Most of Casella Waste's value examination focuses on studying past and present price action to predict the probability of Casella Waste's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Casella Waste's price. Additionally, you may evaluate how the addition of Casella Waste to your portfolios can decrease your overall portfolio volatility.

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Is Casella Waste's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Casella Waste. If investors know Casella will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Casella Waste listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

(0.29)

Earnings Share

0.46

Revenue Per Share

22.919

Quarterly Revenue Growth

0.321

Return On Assets

0.0317

The market value of Casella Waste Systems is measured differently than its book value, which is the value of Casella that is recorded on the company's balance sheet. Investors also form their own opinion of Casella Waste's value that differs from its market value or its book value, called intrinsic value, which is Casella Waste's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Casella Waste's market value can be influenced by many factors that don't directly affect Casella Waste's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Casella Waste's value and its price as these two are different measures arrived at by different means. Investors typically determine if Casella Waste is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Casella Waste's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

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Casella Waste Systems Stock Return On Asset

Casella Waste Systems Company Return On Asset Analysis

Return On Asset

Net Income

Total Assets

Current Casella Waste Return On Asset

Casella Return On Asset Driver Correlations

Casella Total Assets

Total Assets

2.66 Billion

Casella Return On Asset Peer Comparison

Casella Fundamentals

About Casella Waste Fundamental Analysis

Pair Trading with Casella Waste

Moving together with Casella Stock

Moving against Casella Stock

Complementary Tools for Casella Stock analysis

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