CoreCivic Inc (CXW)
Inventory turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 266,410 | 259,998 | 281,886 | 335,827 | 276,356 |
| Inventory | US$ in thousands | 0 | 19,700 | 18,058 | 302,955 | 26,973 |
| Inventory turnover | — | 13.20 | 15.61 | 1.11 | 10.25 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $266,410K ÷ $0K
= —
To calculate the inventory turnover for CoreCivic Inc for the years provided, we need the information on the cost of goods sold (COGS) and the average inventory for each year. Inventory turnover is a financial ratio that measures how many times a company's inventory is sold and replaced over a specific period.
The formula for inventory turnover is:
Inventory Turnover = Cost of Goods Sold / Average Inventory
Without the specific data for COGS and average inventory for each year, the inventory turnover for CoreCivic Inc cannot be determined accurately. It is essential to have access to the underlying financial figures to calculate and analyze this metric effectively.
Inventory turnover is a crucial ratio as it reflects the efficiency of inventory management and how quickly the company is selling its inventory. A high inventory turnover generally indicates effective sales and inventory management practices, while a low turnover may signify overstocking or slow-moving inventory.
For a comprehensive analysis of CoreCivic Inc's inventory turnover, further financial data is required to calculate this ratio and evaluate its trend over the years provided.
Peer comparison
Dec 31, 2023