CoreCivic Inc (CXW)

Return on equity (ROE)

		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 stockholders’ equity	US$ in thousands	1,477,570	1,458,300	1,439,140	1,419,730	1,432,410	1,402,180	1,368,940	1,391,520	1,372,470	1,339,360	1,286,960	1,266,960	1,390,170	1,412,720	1,381,910	1,355,400	1,376,750	1,383,200	1,382,590	1,382,410
ROE		4.57%	4.50%	8.34%	8.15%	8.54%	8.98%	6.40%	6.66%	-3.78%	-7.97%	-8.55%	-8.17%	3.90%	8.70%	10.51%	12.66%	13.72%	13.60%	13.03%	12.35%

December 31, 2023 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $67,590K ÷ $1,477,570K
= 4.57%

CoreCivic Inc's return on equity (ROE) has been fluctuating over the past eight quarters, ranging from a low of 4.50% in Q3 2023 to a high of 8.98% in Q3 2022. The ROE for Q4 2023 stands at 4.57%. Although the company's ROE has shown some variability, it has generally remained in the range of 4.50% to 8.98% over the period analyzed. This indicates that CoreCivic Inc has been able to generate a moderate level of return on the equity investment of its shareholders, although there may be some room for improvement in order to achieve higher profitability levels.

Peer comparison

Dec 31, 2023

Company name

Symbol

ROE

CoreCivic Inc

CXW

4.57%

Community Healthcare Trust Inc