CoreCivic Inc (CXW)
Total asset turnover
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,896,635 | 1,876,822 | 1,857,328 | 1,850,343 | 1,845,329 | 1,846,029 | 1,853,012 | 1,860,886 | 1,862,616 | 1,863,960 | 1,861,032 | 1,869,102 | 1,905,485 | 1,929,817 | 1,970,073 | 1,987,726 | 1,980,689 | 1,965,073 | 1,919,279 | 1,878,914 |
| Total assets | US$ in thousands | 3,105,400 | 3,068,610 | 3,027,780 | 3,055,400 | 3,244,770 | 3,270,930 | 3,276,530 | 3,529,550 | 3,498,940 | 3,621,980 | 3,424,200 | 3,713,800 | 3,709,320 | 4,041,200 | 4,039,740 | 4,078,800 | 3,791,630 | 3,748,840 | 3,738,890 | 3,670,380 |
| Total asset turnover | 0.61 | 0.61 | 0.61 | 0.61 | 0.57 | 0.56 | 0.57 | 0.53 | 0.53 | 0.51 | 0.54 | 0.50 | 0.51 | 0.48 | 0.49 | 0.49 | 0.52 | 0.52 | 0.51 | 0.51 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,896,635K ÷ $3,105,400K
= 0.61
CoreCivic Inc's total asset turnover has been relatively stable around 0.61 for the past four quarters in 2023. This indicates that the company generated $0.61 in revenue for every $1 of assets it had during this period. The consistent total asset turnover suggests that CoreCivic is effectively utilizing its assets to generate sales. Comparing it to the previous year, the total asset turnover has improved gradually from 0.53 in Q1 2022 to the current level of 0.61. This improvement indicates that CoreCivic has been able to increase its revenue generation efficiency relative to its asset base over time.
Peer comparison
Dec 31, 2023