CoreCivic Inc (CXW)
Inventory 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 1,558,413 | 1,590,407 | 1,596,099 | 1,550,227 | 1,494,931 | 1,446,205 | 1,436,708 | 1,423,700 | 1,413,792 | 1,394,742 | 1,364,740 | 1,348,810 | 1,337,065 | 1,347,353 | 1,357,088 | 1,376,945 | 1,406,376 | 1,425,692 | 1,446,500 | 1,439,252 |
| Inventory | US$ in thousands | — | 0 | — | — | 0 | 14,214 | 13,256 | 20,649 | 19,700 | -0 | — | 0 | 18,058 | 11,134 | 8,864 | 297,936 | 302,955 | 11,227 | 18,968 | 16,850 |
| Inventory turnover | — | — | — | — | — | 101.75 | 108.38 | 68.95 | 71.77 | — | — | — | 74.04 | 121.01 | 153.10 | 4.62 | 4.64 | 126.99 | 76.26 | 85.42 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $1,558,413K ÷ $—K
= —
CoreCivic Inc's inventory turnover has varied over the years based on the provided data. The inventory turnover ratio measures how efficiently a company manages its inventory by indicating how many times the company's inventory is sold and replaced over a certain period.
Looking at the data, the inventory turnover ratio for CoreCivic Inc fluctuated significantly. The highest inventory turnover was observed on June 30, 2021, with a ratio of 153.10, indicating that the company was able to sell and replace its inventory over 153 times during that period. On the other hand, the lowest turnover was recorded on December 31, 2020, and March 31, 2021, with ratios of 4.64 and 4.62, respectively.
A high inventory turnover ratio generally indicates that a company is efficiently managing its inventory and turning it into sales quickly, which is typically seen as positive. Conversely, a low inventory turnover ratio may suggest overstocking or slow-moving inventory, signaling inefficient inventory management.
CoreCivic Inc's inventory turnover ratio trend appears to have improved in recent periods, showing a more stable and higher turnover ratio compared to the earlier periods. However, the absence of data for some future periods makes it challenging to provide a complete trend analysis.
Further analysis and comparison with industry benchmarks would provide more insights into CoreCivic Inc's inventory management efficiency and overall operational performance.
Peer comparison
Dec 31, 2024
Dec 31, 2024