Geo Group Inc (GEO)
Payables 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 |
| Payables | US$ in thousands | 64,447 | 79,312 | 64,073 | 85,861 | 99,232 |
| Payables turnover | 4.91 | 4.16 | 5.30 | 4.07 | 3.19 |
December 31, 2023 calculation
Payables turnover = Cost of revenue ÷ Payables
= $316,550K ÷ $64,447K
= 4.91
The payables turnover ratio for Geo Group, Inc. has been consistently reported as 0.00 for the past five years. This indicates that the company's payables turnover is either very low or there are no payables being turned over during these years. A payables turnover ratio of 0.00 could suggest that the company is taking a longer time to pay its suppliers or that the company has negotiated extended payment terms with its suppliers. Further analysis and comparison with industry benchmarks would be necessary to gain a better understanding of the company's liquidity management and supplier relationships.
Peer comparison
Dec 31, 2023