Waste Gross Profit vs Asset Turnover Analysis

WM Stock  USD 213.97  2.20  1.04%   
Waste Management financial indicator trend analysis is more than just analyzing Waste Management current accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Waste Management is a good investment. Please check the relationship between Waste Management Gross Profit and its Asset Turnover accounts. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Waste Management. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population.
To learn how to invest in Waste Stock, please use our How to Invest in Waste Management guide.

Gross Profit vs Asset Turnover

Gross Profit vs Asset Turnover Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Waste Management Gross Profit account and Asset Turnover. At this time, the significance of the direction appears to have significant contrarian relationship.
The correlation between Waste Management's Gross Profit and Asset Turnover is -0.44. Overlapping area represents the amount of variation of Gross Profit that can explain the historical movement of Asset Turnover in the same time period over historical financial statements of Waste Management, assuming nothing else is changed. The correlation between historical values of Waste Management's Gross Profit and Asset Turnover is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Gross Profit of Waste Management are associated (or correlated) with its Asset Turnover. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Asset Turnover has no effect on the direction of Gross Profit i.e., Waste Management's Gross Profit and Asset Turnover go up and down completely randomly.

Correlation Coefficient

-0.44
Relationship DirectionNegative 
Relationship StrengthVery Weak

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Waste Management minus its cost of goods sold. It is profit before Waste Management operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Asset Turnover

The ratio of net sales to average total assets, indicating how efficiently a company uses its assets to generate sales.
Most indicators from Waste Management's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Waste Management current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Waste Management. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population.
To learn how to invest in Waste Stock, please use our How to Invest in Waste Management guide.As of the 28th of March 2024, Selling General Administrative is likely to drop to about 1.5 B. In addition to that, Tax Provision is likely to drop to about 537.7 M
 2021 2022 2023 2024 (projected)
Gross Profit6.8B7.4B7.8B4.1B
Total Revenue17.9B19.7B20.4B10.9B

Waste Management fundamental ratios Correlations

0.820.570.960.960.990.80.250.990.280.250.960.750.821.00.760.310.720.760.66-0.570.380.550.26-0.18-0.18
0.820.610.810.760.810.980.260.810.170.260.770.611.00.830.680.190.890.970.79-0.830.230.820.24-0.67-0.67
0.570.610.480.470.550.590.190.570.50.20.380.140.60.580.4-0.090.510.580.35-0.56-0.510.570.66-0.25-0.25
0.960.810.480.930.960.810.140.960.190.140.940.770.80.950.680.490.720.760.73-0.580.480.60.25-0.23-0.23
0.960.760.470.930.950.730.280.950.320.280.930.860.760.930.760.450.670.690.62-0.420.390.390.13-0.13-0.13
0.990.810.550.960.950.80.150.990.20.150.950.790.810.980.690.350.690.740.59-0.540.380.550.32-0.21-0.21
0.80.980.590.810.730.80.040.810.070.030.760.610.980.80.520.220.920.960.75-0.840.250.860.29-0.69-0.69
0.250.260.190.140.280.150.040.130.481.00.160.120.220.240.81-0.1-0.010.180.31-0.1-0.02-0.05-0.190.00.0
0.990.810.570.960.950.990.810.130.240.130.950.740.810.990.680.330.730.750.63-0.570.370.570.3-0.18-0.18
0.280.170.50.190.320.20.070.480.240.490.090.060.150.260.420.240.190.060.170.06-0.43-0.020.260.210.21
0.250.260.20.140.280.150.031.00.130.490.160.130.220.240.81-0.09-0.010.170.3-0.09-0.03-0.05-0.170.00.0
0.960.770.380.940.930.950.760.160.950.090.160.750.770.950.710.280.720.750.68-0.580.570.490.03-0.16-0.16
0.750.610.140.770.860.790.610.120.740.060.130.750.620.70.560.60.50.490.45-0.160.520.220.01-0.2-0.2
0.821.00.60.80.760.810.980.220.810.150.220.770.620.830.650.170.890.970.78-0.840.240.830.25-0.68-0.68
1.00.830.580.950.930.980.80.240.990.260.240.950.70.830.750.260.720.780.67-0.610.370.590.28-0.2-0.2
0.760.680.40.680.760.690.520.810.680.420.810.710.560.650.750.140.450.60.64-0.430.290.3-0.05-0.14-0.14
0.310.19-0.090.490.450.350.22-0.10.330.24-0.090.280.60.170.260.140.20.090.270.160.330.030.13-0.01-0.01
0.720.890.510.720.670.690.92-0.010.730.19-0.010.720.50.890.720.450.20.890.8-0.790.240.750.1-0.55-0.55
0.760.970.580.760.690.740.960.180.750.060.170.750.490.970.780.60.090.890.83-0.930.250.870.14-0.69-0.69
0.660.790.350.730.620.590.750.310.630.170.30.680.450.780.670.640.270.80.83-0.750.40.68-0.11-0.43-0.43
-0.57-0.83-0.56-0.58-0.42-0.54-0.84-0.1-0.570.06-0.09-0.58-0.16-0.84-0.61-0.430.16-0.79-0.93-0.75-0.15-0.91-0.160.70.7
0.380.23-0.510.480.390.380.25-0.020.37-0.43-0.030.570.520.240.370.290.330.240.250.4-0.150.11-0.47-0.03-0.03
0.550.820.570.60.390.550.86-0.050.57-0.02-0.050.490.220.830.590.30.030.750.870.68-0.910.110.39-0.72-0.72
0.260.240.660.250.130.320.29-0.190.30.26-0.170.030.010.250.28-0.050.130.10.14-0.11-0.16-0.470.39-0.14-0.14
-0.18-0.67-0.25-0.23-0.13-0.21-0.690.0-0.180.210.0-0.16-0.2-0.68-0.2-0.14-0.01-0.55-0.69-0.430.7-0.03-0.72-0.141.0
-0.18-0.67-0.25-0.23-0.13-0.21-0.690.0-0.180.210.0-0.16-0.2-0.68-0.2-0.14-0.01-0.55-0.69-0.430.7-0.03-0.72-0.141.0
Click cells to compare fundamentals

Waste Management Account Relationship Matchups

Waste Management fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets27.7B29.3B29.1B31.4B32.8B18.0B
Short Long Term Debt Total13.5B13.8B13.4B15.0B16.2B17.0B
Other Current Liab1.3B1.3B1.4B1.6B1.6B956.8M
Total Current Liabilities3.1B3.6B4.1B4.4B4.2B2.7B
Total Stockholder Equity7.1B7.5B7.1B6.8B6.9B4.7B
Property Plant And Equipment Net12.9B14.1B14.4B15.7B17.0B9.5B
Net Debt9.9B13.3B13.3B14.6B15.8B16.6B
Cash3.6B553M118M351M458M382.1M
Non Current Assets Total21.5B25.8B26.0B27.8B29.0B15.6B
Non Currrent Assets Other1.6B1.6B1.7B(364M)(394M)(374.3M)
Cash And Short Term Investments3.6B553M118M351M458M387.4M
Net Receivables2.3B2.6B2.5B2.8B2.9B1.6B
Common Stock Shares Outstanding427.5M425.1M422.9M415M406.9M402.9M
Liabilities And Stockholders Equity27.7B29.3B29.1B31.4B32.8B18.0B
Non Current Liabilities Total17.5B18.3B17.9B20.1B21.7B22.8B
Total Liab20.7B21.9B22.0B24.5B25.9B13.2B
Total Current Assets6.2B3.5B3.1B3.6B3.8B2.5B
Short Term Debt218M551M708M414M334M484.6M
Intangible Assets521M1.0B898M827M759M963.3M
Retained Earnings10.6B11.2B12.0B13.2B14.3B15.1B
Other Current Assets329M363M405M448M303M412.8M
Other Stockholder Equity(3.5B)(3.8B)(4.9B)(6.3B)(7.4B)(7.0B)
Accounts Payable1.1B1.1B1.4B1.8B1.7B995.7M
Property Plant And Equipment Gross12.9B14.1B35.0B37.3B39.8B41.8B
Accumulated Other Comprehensive Income(8M)39M17M(69M)(37M)(38.9M)
Other Liab3.7B3.9B5.1B5.2B5.8B3.0B
Other Assets681M1.6B1.7B1.9B2.2B2.4B
Long Term Debt13.3B12.9B12.7B14.6B15.9B10.5B
Good Will6.5B9.0B9.0B9.3B9.3B6.9B
Treasury Stock(8.4B)(8.6B)(8.9B)(10.1B)(9.1B)(8.6B)
Property Plant Equipment12.9B14.1B14.4B15.7B18.1B13.0B
Current Deferred Revenue534M539M571M589M578M532.5M
Net Tangible Assets15M(2.6B)(2.8B)(3.3B)(3.0B)(2.8B)
Retained Earnings Total Equity10.6B11.2B12.0B13.2B15.1B9.3B

Waste Management Investors Sentiment

The influence of Waste Management's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Waste. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Waste Management's public news can be used to forecast risks associated with an investment in Waste. The trend in average sentiment can be used to explain how an investor holding Waste can time the market purely based on public headlines and social activities around Waste Management. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Waste Management's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Waste Management's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Waste Management's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Waste Management.

Waste Management Implied Volatility

    
  24.2  
Waste Management's implied volatility exposes the market's sentiment of Waste Management stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Waste Management's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Waste Management stock will not fluctuate a lot when Waste Management's options are near their expiration.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Waste Management in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Waste Management's short interest history, or implied volatility extrapolated from Waste Management options trading.

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
When determining whether Waste Management is a strong investment it is important to analyze Waste Management's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Waste Management's future performance. For an informed investment choice regarding Waste Stock, refer to the following important reports:
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Waste Management. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population.
To learn how to invest in Waste Stock, please use our How to Invest in Waste Management guide.
You can also try the Money Managers module to screen money managers from public funds and ETFs managed around the world.

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When running Waste Management's price analysis, check to measure Waste Management'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 Waste Management is operating at the current time. Most of Waste Management's value examination focuses on studying past and present price action to predict the probability of Waste Management's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Waste Management's price. Additionally, you may evaluate how the addition of Waste Management to your portfolios can decrease your overall portfolio volatility.
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Is Waste Management'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 Waste Management. If investors know Waste 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 Waste Management 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
0.01
Dividend Share
2.8
Earnings Share
5.65
Revenue Per Share
50.447
Quarterly Revenue Growth
0.057
The market value of Waste Management is measured differently than its book value, which is the value of Waste that is recorded on the company's balance sheet. Investors also form their own opinion of Waste Management's value that differs from its market value or its book value, called intrinsic value, which is Waste Management'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 Waste Management's market value can be influenced by many factors that don't directly affect Waste Management'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 Waste Management's value and its price as these two are different measures arrived at by different means. Investors typically determine if Waste Management is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Waste Management'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.