Geo Group Inc (GEO)
Inventory turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 316,550 | 329,897 | 339,483 | 349,198 | 316,751 |
| Inventory | US$ in thousands | 25,100 | 20,700 | 9,000 | 26,740 | 63,819 |
| Inventory turnover | 12.61 | 15.94 | 37.72 | 13.06 | 4.96 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $316,550K ÷ $25,100K
= 12.61
To calculate Geo Group, Inc.'s inventory turnover for the years provided, we need the cost of goods sold (COGS) and the average inventory for each respective year. Without access to this specific data, it is not possible to compute the inventory turnover ratio. However, inventory turnover is a crucial metric indicating how efficiently a company manages its inventory levels. A higher turnover ratio typically suggests strong sales or effective inventory management, while a lower ratio may indicate overstocking or slow-moving inventory. It is recommended to gather the necessary financial information to calculate and monitor Geo Group, Inc.'s inventory turnover for a more detailed analysis of its operational efficiency.
Peer comparison
Dec 31, 2023