CoreCivic Inc (CXW)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,961,650 | 1,896,640 | 1,845,330 | 1,862,620 | 1,905,480 |
| Total assets | US$ in thousands | 2,931,890 | 3,105,400 | 3,244,770 | 3,498,940 | 3,709,320 |
| Total asset turnover | 0.67 | 0.61 | 0.57 | 0.53 | 0.51 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $1,961,650K ÷ $2,931,890K
= 0.67
The total asset turnover ratio for CoreCivic Inc has been gradually increasing over the years, reflecting improved efficiency in utilizing its assets to generate revenue. From 0.51 in December 31, 2020, the ratio has increased to 0.67 by December 31, 2024. This indicates that the company is generating more revenue per dollar of assets invested, which is a positive sign of operational effectiveness and financial performance. The trend suggests that CoreCivic Inc has been able to make better use of its assets over time, potentially through enhanced operational efficiency or strategic decisions. This improvement in total asset turnover could lead to higher profitability and shareholder value in the long term.
Peer comparison
Dec 31, 2024