Geo Group Inc (GEO)
Days of inventory on hand (DOH)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 12.61 | — | — | — | 15.94 | — | — | — | 46.16 | — | — | — | — | — | — | — | — | — | — | — | |
| DOH | days | 28.94 | — | — | — | 22.90 | — | — | — | 7.91 | — | — | — | — | — | — | — | — | — | — | — |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 12.61
= 28.94
To analyze Geo Group, Inc.'s days of inventory on hand (DOH) for Q4 2023, it is essential to calculate the metric using the information provided in the table. DOH represents the number of days a company holds its average inventory before selling it. A lower DOH indicates that inventory is being managed efficiently, while a higher DOH may suggest slow-moving inventory or potential obsolescence.
To calculate DOH, the formula is:
DOH = (Average Inventory / Cost of Goods Sold) x Number of Days in the Period
Without the specific data for average inventory and cost of goods sold, a detailed analysis of Geo Group, Inc.'s DOH for Q4 2023 cannot be provided. It is important to compare the Q4 2023 DOH with historical data to identify any trends or deviations. Additionally, benchmarking against industry peers can provide valuable insights into the company's inventory management efficiency.
Further examination of the factors driving inventory turnover, such as sales trends, production levels, and supply chain management, will be necessary to fully assess the implications of Geo Group, Inc.'s DOH for Q4 2023. An in-depth analysis of inventory management practices and their impact on the company's financial performance would be critical for stakeholders evaluating the company's operational effectiveness.
Peer comparison
Dec 31, 2023