CoreCivic Inc (CXW)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 1,477,570 | 1,432,410 | 1,372,470 | 1,390,170 | 1,376,750 |
| ROE | 4.57% | 8.54% | -3.78% | 3.90% | 13.72% |
December 31, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $67,590K ÷ $1,477,570K
= 4.57%
CoreCivic Inc's return on equity (ROE) has been fluctuating over the past five years. In 2019, the company achieved a significant ROE of 13.72%, indicating strong profitability relative to shareholders' equity. However, this performance declined in the following years, with ROE dropping to 3.90% in 2020 and turning negative (-3.78%) in 2021, suggesting a period of financial distress or inefficiency.
The company showed a slight improvement in 2022, with ROE increasing to 8.54%, but it remained below the levels seen in 2019. In 2023, CoreCivic Inc's ROE further decreased to 4.57%, indicating ongoing challenges in generating sufficient returns on shareholder investments.
Overall, CoreCivic Inc's ROE trends reflect some instability and a need for the company to focus on improving efficiency and profitability in order to enhance shareholder value.
Peer comparison
Dec 31, 2023