Geo Group Inc (GEO)
Inventory turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | — | 1,744,230 | 1,663,730 | 1,629,050 | 1,778,330 |
| Inventory | US$ in thousands | — | 0 | — | 20,161 | 26,740 |
| Inventory turnover | — | — | — | 80.80 | 66.50 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $—K ÷ $—K
= —
The inventory turnover ratio of Geo Group Inc has shown an increasing trend over the past years. As of December 31, 2020, the inventory turnover was at 66.50, indicating that the company's inventory was sold and replaced 66.50 times during that year. By December 31, 2021, the inventory turnover further improved to 80.80, suggesting that the company's inventory management became more efficient, with goods being sold and restocked 80.80 times in that year.
However, there is missing data for the inventory turnover ratio for the most recent years, December 31, 2022, 2023, and 2024. This limits the ability to fully assess the company's latest inventory turnover performance.
Overall, the increasing trend in inventory turnover from 2020 to 2021 indicates a more effective management of inventory levels and an efficient sales strategy. Nevertheless, the absence of data for the subsequent years prevents a comprehensive analysis of Geo Group Inc's recent inventory turnover performance.
Peer comparison
Dec 31, 2024