CoreCivic Inc (CXW)
Cash conversion cycle
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | — | — | — | — | — | 3.59 | 3.37 | 5.29 | 5.09 | — | — | — | 4.93 | 3.02 | 2.38 | 78.98 | 78.63 | 2.87 | 4.79 | 4.27 |
| Days of sales outstanding (DSO) | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Cash conversion cycle | days | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 3.59 | 3.37 | 5.29 | 5.09 | 0.00 | 0.00 | 0.00 | 4.93 | 3.02 | 2.38 | 78.98 | 78.63 | 2.87 | 4.79 | 4.27 |
December 31, 2024 calculation
Cash conversion cycle = DOH + DSO – Number of days of payables
= — + — – —
= 0.00
The cash conversion cycle of CoreCivic Inc has shown fluctuations over the years, reflecting the efficiency of its cash management. In March and June of 2020, the company had a relatively short cash conversion cycle of around 4-5 days. However, this period increased significantly by the end of December 2020, reaching a high of 78.63 days, indicating a longer time for the company to convert its investments in inventory and other resources into cash inflows.
The trend continued into early 2021, with the cash conversion cycle remaining high at almost 79 days. However, by June 2021, there was a drastic improvement in the cycle, dropping to 2.38 days, indicating a more efficient cash management process. This efficiency was maintained in the following quarters, with the company maintaining a relatively low cash conversion cycle of around 3-5 days.
Towards the end of 2022 and into 2023, the cash conversion cycle remained at a minimal level, showing that CoreCivic Inc managed its cash inflows and outflows effectively. However, by the end of March 2024, the cash conversion cycle dropped to zero days, suggesting a potential issue with the company's cash management processes.
Overall, the fluctuating cash conversion cycle of CoreCivic Inc highlights the importance of closely monitoring cash flow management to ensure optimal efficiency and financial performance.
Peer comparison
Dec 31, 2024