CoreCivic Inc (CXW)
Activity ratios
Short-term
Turnover ratios
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Inventory turnover | — | — | 71.77 | 74.04 | 4.64 |
| Receivables turnover | — | — | — | — | — |
| Payables turnover | — | — | — | — | — |
| Working capital turnover | 11.96 | 10.69 | 29.33 | 6.50 | 4.72 |
CoreCivic Inc's activity ratios demonstrate significant fluctuations over the period analyzed.
1. Inventory Turnover:
- The inventory turnover ratio improved substantially from 4.64 in 2020 to 74.04 in 2021 and remained high at 71.77 in 2022.
- However, data for 2023 and 2024 is unavailable. The significant increase in 2021 indicates efficient management of inventory.
2. Receivables Turnover:
- Data for receivables turnover is not available for any year. This lack of information limits the assessment of how quickly the company collects on its credit sales.
3. Payables Turnover:
- Payables turnover data is also not provided for any year, making it challenging to evaluate how quickly the company pays its suppliers.
4. Working Capital Turnover:
- The working capital turnover ratio increased from 4.72 in 2020 to 6.50 in 2021, then saw a substantial surge to 29.33 in 2022.
- However, there was a decrease to 10.69 in 2023 and a slight increase to 11.96 in 2024.
- This fluctuation suggests varying levels of efficiency in utilizing working capital to generate revenue over the period.
In conclusion, CoreCivic Inc's inventory turnover and working capital turnover ratios showed notable changes, indicating improvements in managing inventory and working capital efficiency. However, the lack of data for receivables and payables turnover ratios limits a comprehensive assessment of the company's overall activity performance.
Average number of days
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | — | — | 5.09 | 4.93 | 78.63 |
| Days of sales outstanding (DSO) | days | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — |
Based on the provided data for CoreCivic Inc, the activity ratios analysis reveals the following:
1. Days of Inventory on Hand (DOH):
- In December 2020, CoreCivic had an inventory turnover period of 78.63 days, indicating that on average, it took 78.63 days to sell its inventory.
- By December 2021, the DOH decreased significantly to 4.93 days, implying a more efficient management of inventory, possibly through better inventory control or increased sales.
- In December 2022, the DOH remained low at 5.09 days, suggesting continued efficient inventory management.
- The data for December 2023 and December 2024 is not available.
2. Days of Sales Outstanding (DSO):
- The data shows that there is no information available for the Days of Sales Outstanding for CoreCivic Inc for the years 2020 to 2024. This could indicate that there might not be significant accounts receivable activities, or the company does not maintain detailed records related to DSO.
3. Number of Days of Payables:
- Similar to DSO, there is no specific data provided for the Number of Days of Payables for the years 2020 to 2024. This lack of information makes it challenging to assess the company's payment practices to suppliers and evaluate its payables turnover efficiency.
In summary, based on the available data for CoreCivic Inc, the company has shown improvements in its inventory management indicated by a significant decrease in Days of Inventory on Hand from 2020 to 2021. However, the absence of data regarding Days of Sales Outstanding and Number of Days of Payables limits a comprehensive evaluation of the company's overall activity efficiency.
Long-term
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Fixed asset turnover | — | — | 0.85 | 0.82 | 0.81 |
| Total asset turnover | 0.67 | 0.61 | 0.57 | 0.53 | 0.51 |
CoreCivic Inc's long-term activity ratios reflect its efficiency in utilizing its assets to generate sales.
The Fixed Asset Turnover ratio measures how efficiently the company is using its fixed assets to generate revenue. From 2020 to 2022, the Fixed Asset Turnover ratio has been increasing slightly from 0.81 to 0.85. This indicates that CoreCivic Inc is generating more revenue per dollar invested in fixed assets over time. However, as the data for 2023 and 2024 is unavailable, it is difficult to assess the trend over the entire period.
The Total Asset Turnover ratio measures how well the company is using all its assets to generate sales. The Total Asset Turnover ratio has been increasing steadily from 0.51 in 2020 to 0.67 in 2024. This suggests that CoreCivic Inc has been improving its efficiency in generating sales in relation to its total assets over the years.
Overall, based on these ratios, CoreCivic Inc seems to be improving its efficiency in utilizing its assets to generate sales, both in terms of fixed assets and total assets, which is a positive sign for the company's long-term operational performance.