CoreCivic Inc (CXW)
Payables 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 |
| Payables | US$ in thousands | 74,064 | 92,717 | 93,091 | 87,180 | 82,656 |
| Payables turnover | 3.60 | 2.80 | 3.03 | 3.85 | 3.34 |
December 31, 2023 calculation
Payables turnover = Cost of revenue ÷ Payables
= $266,410K ÷ $74,064K
= 3.60
The payables turnover ratio for CoreCivic Inc has been consistently reported as 0.00 for the years ending December 31, 2019 to December 31, 2023. A payables turnover ratio of 0.00 indicates that the company is not effectively managing its accounts payable or that it may not have significant payables during these periods. This could be due to various reasons such as early payment of payables, negotiated favorable payment terms with suppliers, or low levels of purchasing activity. It is important to further investigate the reasons behind this low ratio to assess the company's liquidity, efficiency, and relationships with its suppliers.
Peer comparison
Dec 31, 2023