Waste Management (Waste Management) Days Inventory

: 5.05 (As of Dec. 2023)

View and export this data going back to 1991. Start your Free Trial

Days Inventory is also known as Days Sales of Inventory (DSI). Waste Management's Average Total Inventories for the three months ended in Dec. 2023 was $174 Mil. Waste Management's Cost of Goods Sold for the three months ended in Dec. 2023 was $3,146 Mil. Hence, Waste Management's Days Inventory for the three months ended in Dec. 2023 was 5.05.

The historical rank and industry rank for Waste Management's Days Inventory or its related term are showing as below:

WM' s Days Inventory Range Over the Past 10 Years
Min: 3.76 Med: 4.32 Max: 5.76
Current: 4.93

During the past 13 years, Waste Management's highest Days Inventory was 5.76. The lowest was 3.76. And the median was 4.32.

WM's Days Inventory is ranked better than
83.73% of 209 companies
in the Waste Management industry
Industry Median: 23.54 vs WM: 4.93

Waste Management's Days Inventory increased from Dec. 2022 (4.76) to Dec. 2023 (5.05). It might indicate that Waste Management's sales slowed down.

Inventory Turnover measures how fast the company turns over its inventory within a year. Waste Management's Inventory Turnover for the three months ended in Dec. 2023 was 18.08.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Waste Management's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.03.

Waste Management Days Inventory Historical Data

The historical data trend for Waste Management's Days Inventory can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Waste Management Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Inventory

4.00

4.49

4.25

4.44

4.88

Waste Management Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory																4.76	4.94	4.87	4.94	5.05

Competitive Comparison

For the Waste Management subindustry, Waste Management's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Waste Management Days Inventory Distribution

For the Waste Management industry and Industrials sector, Waste Management's Days Inventory distribution charts can be found below:

* The bar in red indicates where Waste Management's Days Inventory falls into.

Waste Management Days Inventory Calculation

Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Waste Management's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as

	Days Inventory (A: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (164	+	173)	/	2 )	/	12606	*	365
=	168.5					/	12606	*	365
=	4.88

Waste Management's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (175	+	173)	/	2 )	/	3146	*	365 / 4
=	174					/	3146	*	365 / 4
=	5.05

Waste Management (NYSE:WM) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

1. Inventory Turnover measures how fast the company turns over its inventory within a year.

Waste Management's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	3146	/	174
	=	18.08

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Waste Management's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	174	/	5217
	=	0.03

Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

Waste Management Days Inventory Related Terms

Thank you for viewing the detailed overview of Waste Management's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

Waste Management (Waste Management) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Waste Management » Waste Management Inc (NYSE:WM) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

WMI:Mexico 1WM:Italy UWS:Germany UWS:Germany UWS:Germany W1MC34:Brazil WM:Austria

Address

800 Capitol Street, Suite 3000, Houston, TX, USA, 77002

Website

https://www.wm.com

WM ranks as the largest integrated provider of traditional solid waste services in the United States, operating 259 active landfills and about 337 transfer stations. The company serves residential, commercial, and industrial end markets and is also a leading recycler in North America.

Executives

Charles C Boettcher	officer: Sr VP Chief Legal Officer	800 CAPITOL STREET 3000, HOUSTON TX 77002
Fish James C Jr	officer: SVP, Eastern Group	800 CAPITOL STREET 3000, HOUSTON TX 77002
John C Pope	director	810 S. RIDGE RD, LAKE FOREST IL 60045
John A. Carroll	officer: VP & Chief Accounting Officer	800 CAPITOL STREET 3000, HOUSTON TX 77002
Tara J. Hmmer	officer: SVP Operat Safety Envir Compl	800 CAPITOL STREET 3000, HOUSTON X1 77002
Michael J. Watson	officer: Sr. VP-Chief Customer Officer	800 CAPITOL STREET 3000, HOUSTON TX 77002
Christopher P. Desantis	officer: SVP Operations - East	800 CAPITOL STREET 3000, HOUSTON TX 77002
Bruce E. Chinn	director	800 CAPITOL STREET 3000, HOUSTON TX 77002
John J Morris	officer: Chief Strategy Officer	800 CAPITOL STREET 3000, HOUSTON TX 77002
Devina A Rankin	officer: VP & Treasurer	800 CAPITOL STREET 3000, HOUSTON TX 77002
Rafael Carrasco	officer: SVP Operations	800 CAPITOL STREET 3000, HOUSTON TX 77002
Kelly C. Rooney	officer: SVP Chief People Officer	800 CAPITOL STREET #3000, HOUSTON TX 77002
Leslie K Nagy	officer: VP & Chief Accounting Officer	5 GREENWAY PLAZA, SUITE 100, HOUSTON TX 77046
Donald J Smith	officer: Sr. VP - Operations	800 CAPITOL STREET 3000, HOUSTON TX 77002
Nikolaj H Sjoqvist	officer: SVP, Chief Digital Officer	800 CAPITOL STREET 3000, HOUSTON X1 77002