CoreCivic Inc (CXW)
Days of sales outstanding (DSO)
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Receivables turnover | 6.08 | 6.97 | 7.10 | 7.22 | 5.91 | 6.29 | 6.77 | 7.09 | 6.59 | 8.14 | 6.59 | 7.20 | 7.12 | 7.29 | 8.00 | 7.29 | 7.05 | 7.24 | 7.05 | 6.87 | |
| DSO | days | 60.08 | 52.40 | 51.40 | 50.53 | 61.80 | 58.01 | 53.94 | 51.48 | 55.42 | 44.82 | 55.35 | 50.70 | 51.28 | 50.07 | 45.60 | 50.06 | 51.74 | 50.45 | 51.81 | 53.14 |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 6.08
= 60.08
To analyze CoreCivic Inc's Days of Sales Outstanding (DSO) over the past eight quarters, we observe a trend of varying DSO figures. In Q1 2022, the company had a DSO of 51.48 days, which decreased to 51.40 days in Q2 2023. However, following Q1 2022, there was a progressive increase in DSO figures until Q4 2022, reaching a peak of 61.80 days.
Subsequently, we notice a downward trend in DSO from Q4 2022 to Q3 2023, with the DSO decreasing from 61.80 days to 52.40 days. This downward trajectory continued into Q4 2023, where the DSO dropped further to 60.08 days.
In summary, CoreCivic Inc's DSO experienced fluctuations over the analyzed quarters, with both increases and decreases observed. It is essential to monitor DSO consistently to understand the company's efficiency in collecting receivables and managing cash flow.
Peer comparison
Dec 31, 2023