CoreCivic Inc (CXW)
Fixed asset turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 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 | 1,980,689 | 1,965,073 | 1,919,279 | 1,878,914 |
| Property, plant and equipment | US$ in thousands | 2,114,520 | 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 | 2,700,110 | 2,836,840 | 2,824,030 | 2,794,770 |
| Fixed asset turnover | 0.90 | 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 | 0.73 | 0.69 | 0.68 | 0.67 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,896,635K ÷ $2,114,520K
= 0.90
The fixed asset turnover ratio of CoreCivic Inc has been relatively stable over the past eight quarters, ranging from 0.82 to 0.90. This ratio measures the company's ability to generate revenue from its investment in fixed assets such as property, plant, and equipment. A higher fixed asset turnover ratio indicates that the company is efficiently utilizing its fixed assets to generate sales.
CoreCivic Inc's fixed asset turnover ratio has shown a consistent performance, hovering around the range of 0.82 to 0.90. This suggests that the company has been effectively using its fixed assets to generate revenue throughout the analyzed periods. It is important for investors to monitor this ratio over time to ensure that the company continues to efficiently utilize its fixed assets.
Peer comparison
Dec 31, 2023