CoreCivic Inc (CXW)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 68,868 | 67,590 | 122,320 | -51,896 | 55,338 |
| Total assets | US$ in thousands | 2,931,890 | 3,105,400 | 3,244,770 | 3,498,940 | 3,709,320 |
| ROA | 2.35% | 2.18% | 3.77% | -1.48% | 1.49% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $68,868K ÷ $2,931,890K
= 2.35%
CoreCivic Inc's return on assets (ROA) has fluctuated over the past five years.
- In December 31, 2020, the ROA was 1.49%, indicating that the company generated a profit of 1.49 cents for every dollar of assets it owned.
- By December 31, 2021, the ROA had turned negative at -1.48%, suggesting that the company was not effectively utilizing its assets to generate profits.
- However, by December 31, 2022, the ROA had significantly improved to 3.77%, reflecting a strong performance in terms of asset utilization and profitability.
- In December 31, 2023, the ROA decreased slightly to 2.18%, indicating a slight dip in profitability compared to the previous year.
- By December 31, 2024, CoreCivic Inc's ROA had increased again to 2.35%, suggesting a continued positive trend in effectively generating profits from its assets.
Overall, CoreCivic Inc's ROA has shown some variability, with ups and downs over the years. It is important for the company to maintain a consistent and positive ROA to demonstrate efficient management of its assets and sustainable profitability.
Peer comparison
Dec 31, 2024