CoreCivic Inc (CXW)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,896,640 | 1,845,330 | 1,862,620 | 1,905,480 | 1,980,690 |
| Receivables | US$ in thousands | 312,174 | 312,435 | 282,809 | 267,705 | 280,785 |
| Receivables turnover | 6.08 | 5.91 | 6.59 | 7.12 | 7.05 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $1,896,640K ÷ $312,174K
= 6.08
CoreCivic Inc's receivables turnover has shown some fluctuation over the past five years. The company's ability to collect receivables efficiently has varied, with the ratio ranging from a low of 5.91 in 2022 to a high of 7.12 in 2020. In general, a higher receivables turnover ratio indicates that the company is collecting its accounts receivable more quickly.
The trend in CoreCivic Inc's receivables turnover over the past five years suggests that the company has been relatively effective in managing its accounts receivable. However, it is important to note that other factors, such as changes in credit policies or customer payment behavior, could also influence this ratio.
Overall, CoreCivic Inc's receivables turnover indicates that the company has been successful in converting its accounts receivable into cash, albeit with some variability in efficiency from year to year.
Peer comparison
Dec 31, 2023