CoreCivic Inc (CXW)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 67,590 | 65,559 | 119,985 | 115,717 | 122,320 | 125,920 | 87,614 | 92,675 | -51,896 | -106,736 | -110,031 | -103,468 | 54,157 | 122,934 | 145,211 | 171,603 | 188,886 | 188,151 | 180,151 | 170,770 |
| 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 |
| ROA | 2.18% | 2.14% | 3.96% | 3.79% | 3.77% | 3.85% | 2.67% | 2.63% | -1.48% | -2.95% | -3.21% | -2.79% | 1.46% | 3.04% | 3.59% | 4.21% | 4.98% | 5.02% | 4.82% | 4.65% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $67,590K ÷ $3,105,400K
= 2.18%
CoreCivic Inc's Return on Assets (ROA) has shown some fluctuations over the past eight quarters. In the most recent quarter, Q4 2023, the ROA was 2.18%, slightly higher than the previous quarter's ROA of 2.14%. Looking back over the past year, the ROA values have generally remained within a range of 2.14% to 3.96%.
The highest ROA observed was in Q2 2023, at 3.96%, while the lowest was in Q2 2022, at 2.63%. These variations in ROA can indicate changes in the efficiency of CoreCivic's asset utilization and profitability levels.
Overall, CoreCivic Inc's ROA has shown some volatility but has generally remained within a moderate range, indicating that the company's ability to generate profits from its assets has been relatively stable over the analyzed period.
Peer comparison
Dec 31, 2023