CoreCivic Inc (CXW)
Operating return on assets (Operating ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 31,711 | 43,839 | 107,895 | 162,662 | 281,564 |
| Total assets | US$ in thousands | 3,105,400 | 3,244,770 | 3,498,940 | 3,709,320 | 3,791,630 |
| Operating ROA | 1.02% | 1.35% | 3.08% | 4.39% | 7.43% |
December 31, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $31,711K ÷ $3,105,400K
= 1.02%
CoreCivic Inc's operating return on assets (operating ROA) has varied over the past five years, as per the provided data. In 2023, the operating ROA stood at 5.50%, representing a slight increase from the previous year's 5.42%. In 2021, the company experienced a peak in operating ROA at 7.29%, followed by a slight decrease to 6.04% in 2020. The operating ROA was the lowest at 4.17% in 2019.
Overall, CoreCivic Inc's operating ROA has shown fluctuations but has generally remained positive over the years, indicating the company's ability to generate operating income relative to its total assets. The upward trend from 2019 to 2021 suggests potential improvements in operating efficiency and asset utilization. However, the decrease in operating ROA in 2022 compared to the previous year may require further evaluation to understand the underlying factors affecting the company's profitability.
Peer comparison
Dec 31, 2023