CoreCivic Inc (CXW)
Total asset 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,961,646 | 1,973,599 | 1,965,746 | 1,939,319 | 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 |
| Total assets | US$ in thousands | 2,931,890 | 2,913,940 | 2,903,210 | 3,027,360 | 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 |
| Total asset turnover | 0.67 | 0.68 | 0.68 | 0.64 | 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 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,961,646K ÷ $2,931,890K
= 0.67
CoreCivic Inc's total asset turnover ratio has shown a generally increasing trend from 0.49 in March 2020 to 0.67 in December 2024. This ratio measures the efficiency of the company in generating revenue from its total assets. An increasing trend in total asset turnover indicates that CoreCivic has improved its ability to generate more revenue from its assets over time. The steady growth in this ratio suggests that the company has been effectively utilizing its assets to drive sales and operations. Investors and analysts may interpret this trend positively as it reflects improved asset utilization and operational efficiency within CoreCivic Inc.
Peer comparison
Dec 31, 2024