Geo Group Inc (GEO)
Fixed asset turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 4,609,468 | 4,616,848 | 4,606,381 | 4,632,051 | 4,602,201 | 4,413,311 | 4,400,195 | 4,374,056 | 4,414,967 | 2,206,263 | 2,237,828 | 2,262,240 | 2,274,336 | 2,317,930 | 2,357,239 | 2,364,065 | 2,356,221 | 2,333,941 | 2,283,952 | 2,261,249 |
| Property, plant and equipment | US$ in thousands | 1,944,280 | 1,951,520 | 1,963,880 | 1,972,860 | 2,002,020 | 2,012,680 | 2,007,640 | 2,017,320 | 2,037,840 | 2,055,410 | 2,074,350 | 2,114,060 | 2,122,200 | 2,126,440 | 2,130,130 | 2,142,530 | 2,144,720 | 2,155,500 | 2,148,220 | 2,150,630 |
| Fixed asset turnover | 2.37 | 2.37 | 2.35 | 2.35 | 2.30 | 2.19 | 2.19 | 2.17 | 2.17 | 1.07 | 1.08 | 1.07 | 1.07 | 1.09 | 1.11 | 1.10 | 1.10 | 1.08 | 1.06 | 1.05 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $4,609,468K ÷ $1,944,280K
= 2.37
Geo Group, Inc.'s fixed asset turnover has shown a consistent trend in the past eight quarters, ranging from 1.11 to 1.24. The fixed asset turnover ratio measures a company's efficiency in generating sales revenue from its investment in fixed assets. A higher ratio indicates that the company is more effective in utilizing its fixed assets to generate sales.
In the case of Geo Group, Inc., the fixed asset turnover ratio has been relatively stable, hovering around the 1.2 mark in recent quarters. This suggests that the company has been able to maintain a consistent level of sales relative to its investment in fixed assets. However, it is essential to compare this ratio with industry benchmarks or historical data to assess the company's performance in this aspect. Further analysis and comparison with other financial indicators would provide a more comprehensive understanding of Geo Group, Inc.'s operational efficiency and asset utilization.
Peer comparison
Dec 31, 2023