CoreCivic Inc (CXW)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 67,590 | 122,320 | -51,896 | 54,157 | 188,886 |
| Total assets | US$ in thousands | 3,105,400 | 3,244,770 | 3,498,940 | 3,709,320 | 3,791,630 |
| ROA | 2.18% | 3.77% | -1.48% | 1.46% | 4.98% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $67,590K ÷ $3,105,400K
= 2.18%
CoreCivic Inc's return on assets (ROA) has shown a fluctuating trend over the past five years, with values of 2.18%, 3.77%, -1.48%, 1.46%, and 4.98% for the years 2023, 2022, 2021, 2020, and 2019 respectively. The decreasing trend from 2019 to 2021 indicates a decline in the company's ability to generate profits relative to its assets during this period. However, there was a slight improvement in 2022 and a further decrease in 2023.
The positive ROA values suggest that CoreCivic Inc has been able to generate profits from its assets, albeit at varying levels. The higher ROA values in 2019 and 2022 indicate better profitability relative to assets compared to 2020, 2021, and 2023. It is important for the company to closely monitor its asset utilization and profitability to ensure sustainable performance over time.
Peer comparison
Dec 31, 2023