CoreCivic Inc (CXW)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 68,868 | 76,061 | 68,857 | 64,733 | 67,590 | 65,559 | 119,985 | 115,717 | 122,320 | 125,920 | 87,614 | 92,675 | -51,896 | -106,736 | -110,031 | -103,468 | 55,338 | 124,115 | 146,392 | 172,784 |
| 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 |
| ROA | 2.35% | 2.61% | 2.37% | 2.14% | 2.18% | 2.14% | 3.96% | 3.79% | 3.77% | 3.85% | 2.67% | 2.63% | -1.48% | -2.95% | -3.21% | -2.79% | 1.49% | 3.07% | 3.62% | 4.24% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $68,868K ÷ $2,931,890K
= 2.35%
CoreCivic Inc's return on assets (ROA) has displayed some fluctuations over the past few years, ranging from as high as 4.24% on March 31, 2020, to as low as -3.21% on June 30, 2021.
The trend in ROA seems to have improved since then, with the metric showing a positive growth from March 31, 2022, onwards, reaching 3.77% by December 31, 2022. However, there were some slight dips in ROA in the following periods before stabilizing around 2-3% from June 30, 2023, to December 31, 2024.
Overall, CoreCivic Inc's ROA highlights the company's ability to generate profits relative to its total assets, with some variability in performance observed during the period under consideration. Investors and stakeholders may want to continue monitoring these ratios to assess the company's efficiency in utilizing its assets effectively to generate returns.
Peer comparison
Dec 31, 2024