CoreCivic Inc (CXW)
Operating return on assets (Operating ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 188,197 | 203,730 | 228,479 | 249,247 | 234,603 | 233,365 | 194,316 | 164,944 | 171,472 | 181,659 | 213,081 | 185,380 | 145,647 | 102,257 | 82,963 | 110,182 | 162,662 | 209,669 | 235,598 | 267,319 |
| 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 |
| Operating ROA | 6.42% | 6.99% | 7.87% | 8.23% | 7.55% | 7.60% | 6.42% | 5.40% | 5.28% | 5.55% | 6.50% | 5.25% | 4.16% | 2.82% | 2.42% | 2.97% | 4.39% | 5.19% | 5.83% | 6.55% |
December 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $188,197K ÷ $2,931,890K
= 6.42%
CoreCivic Inc's operating return on assets (Operating ROA) is a key financial ratio that shows the company's ability to generate operating profits from its assets. Analyzing the trend of CoreCivic Inc's Operating ROA from March 31, 2020, to December 31, 2024, reveals several insights.
The ratio demonstrates a fluctuating pattern over the given period, starting at 6.55% in March 2020 and reaching a peak of 8.23% by March 31, 2024. The Operating ROA experienced a gradual decline until March 2021, dropping to 2.97%, before showing signs of improvement and stabilization thereafter.
The decline observed in the ratio from March 2020 to March 2021 could indicate potential challenges or inefficiencies faced by CoreCivic Inc in utilizing its assets to generate operating profits during that period. However, the subsequent increase in the Operating ROA suggests that the company may have implemented strategies to enhance operational efficiency and profitability.
Overall, CoreCivic Inc's Operating ROA trend highlights the importance of closely monitoring asset utilization and profitability metrics to assess the company's operational performance and financial health.
Peer comparison
Dec 31, 2024