CoreCivic Inc (CXW)
Fixed asset turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,961,646 | 1,973,599 | 1,965,746 | 1,939,319 | 1,896,635 | 1,876,822 | 1,857,328 | 1,850,343 | 1,845,329 | 1,846,029 | 1,853,012 | 1,860,886 | 1,862,616 | 1,863,960 | 1,861,032 | 1,869,102 | 1,905,485 | 1,929,817 | 1,970,073 | 1,987,726 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | 2,127,800 | 2,141,710 | 2,153,250 | 2,176,100 | 2,176,050 | 2,197,460 | 2,269,910 | 2,283,260 | 2,295,570 | 2,318,160 | 2,333,340 | 2,350,270 | 2,703,480 | 2,725,180 | 2,758,680 |
| Fixed asset turnover | — | — | — | — | — | 0.88 | 0.87 | 0.86 | 0.85 | 0.85 | 0.84 | 0.82 | 0.82 | 0.81 | 0.80 | 0.80 | 0.81 | 0.71 | 0.72 | 0.72 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,961,646K ÷ $—K
= —
Fixed asset turnover is a financial ratio that measures a company's ability to generate revenue from its fixed assets. In the case of CoreCivic Inc, the trend in fixed asset turnover over the years shows a general improvement.
At the end of March 2020, the fixed asset turnover was 0.72, indicating that the company generated $0.72 in revenue for every dollar invested in fixed assets. This ratio remained relatively stable throughout 2020 and early 2021, hovering around 0.71 to 0.81.
However, from December 2021 onwards, there was a gradual increase in fixed asset turnover, reaching 0.85 by September 2022 and 0.87 by June 2023. This indicates that CoreCivic Inc was able to generate more revenue from its fixed assets during this period.
As of December 2023, the fixed asset turnover ratio was 0. This might be due to missing data or a change in the company's financial reporting.
Overall, the increasing trend in fixed asset turnover suggests that CoreCivic Inc has been more efficient in utilizing its fixed assets to generate revenue over the years, which can be a positive sign for investors and creditors. However, further analysis and comparison with industry benchmarks may provide more insights into the company's asset management efficiency.
Peer comparison
Dec 31, 2024