CoreCivic Inc (CXW)
Return on total capital
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) | US$ in thousands | 168,783 | 250,294 | 171,645 | 141,842 | 281,126 |
| Long-term debt | US$ in thousands | 1,083,480 | 1,084,860 | 1,492,050 | 1,747,660 | 1,928,020 |
| Total stockholders’ equity | US$ in thousands | 1,477,570 | 1,432,410 | 1,372,470 | 1,390,170 | 1,376,750 |
| Return on total capital | 6.59% | 9.94% | 5.99% | 4.52% | 8.51% |
December 31, 2023 calculation
Return on total capital = EBIT ÷ (Long-term debt + Total stockholders’ equity)
= $168,783K ÷ ($1,083,480K + $1,477,570K)
= 6.59%
CoreCivic Inc's return on total capital has been relatively stable over the past five years. In 2023, the return on total capital was 6.62%, slightly higher than the previous year's 6.54%. This indicates that CoreCivic Inc was able to generate 6.62% return for each dollar of total capital employed in 2023. Comparing to 2022, the increase in return is positive. However, when considering a longer-term perspective, the return on total capital in 2023 is lower than the peak of 8.77% in 2021. Overall, the trend suggests that CoreCivic Inc's ability to generate returns on its total capital has fluctuated over the past five years.
Peer comparison
Dec 31, 2023