CoreCivic Inc (CXW)
Cash conversion cycle
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | — | — | 5.09 | 4.93 | 78.63 |
| Days of sales outstanding (DSO) | days | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — |
| Cash conversion cycle | days | 0.00 | 0.00 | 5.09 | 4.93 | 78.63 |
December 31, 2024 calculation
Cash conversion cycle = DOH + DSO – Number of days of payables
= — + — – —
= 0.00
CoreCivic Inc's cash conversion cycle has shown a significant improvement over the years, decreasing from 78.63 days as of December 31, 2020, to 0 days as of December 31, 2023 and 2024. This indicates that the company has been able to more efficiently convert its investments in inventory and accounts receivable into cash during these periods.
A lower cash conversion cycle suggests that CoreCivic Inc has been able to manage its working capital more effectively, potentially through better inventory management and quicker collection of receivables. This improvement in the cash conversion cycle may lead to enhanced liquidity and financial performance for the company, as it can generate cash more quickly from its operational activities.
Overall, the trend of decreasing days in the cash conversion cycle for CoreCivic Inc indicates positive changes in the company's working capital management and efficiency in converting its assets into cash.
Peer comparison
Dec 31, 2024