CoreCivic Inc (CXW)
Operating return on assets (Operating ROA)
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 31,711 | 32,205 | 29,098 | 36,675 | 43,839 | 53,138 | 77,587 | 93,270 | 85,680 | 78,512 | 99,044 | 110,182 | 162,662 | 209,669 | 235,598 | 267,319 | 281,564 | 279,962 | 273,286 | 264,044 |
| Total assets | US$ in thousands | 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 | 3,791,630 | 3,748,840 | 3,738,890 | 3,670,380 |
| Operating ROA | 1.02% | 1.05% | 0.96% | 1.20% | 1.35% | 1.62% | 2.37% | 2.64% | 2.45% | 2.17% | 2.89% | 2.97% | 4.39% | 5.19% | 5.83% | 6.55% | 7.43% | 7.47% | 7.31% | 7.19% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $31,711K ÷ $3,105,400K
= 1.02%
CoreCivic Inc's operating return on assets (operating ROA) has experienced fluctuations over the past eight quarters. The trend shows a gradual decline from Q1 2022 to Q2 2023, with some fluctuations in between. The highest operating ROA was recorded in Q1 2022 at 6.82%, followed by a peak in Q2 2022 at 6.73%. However, there has been a general downward trend since then, with Q4 2023 reporting an operating ROA of 5.50%.
The variability in operating ROA over the quarters could be attributed to changes in the company's operating income and total assets. A decreasing trend in operating ROA may indicate challenges in generating profits relative to the assets employed in the business. It is essential for management to closely monitor and analyze the factors influencing this ratio to identify areas for improvement and maintain a sustainable level of profitability.
Overall, the fluctuating operating ROA of CoreCivic Inc suggests the need for strategic adjustments to enhance operational efficiency and maximize returns on assets in the future.
Peer comparison
Dec 31, 2023