Geo Group Inc (GEO)
Payables 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 316,550 | 315,704 | 319,527 | 327,456 | 329,897 | 333,697 | 334,703 | 341,385 | 415,483 | 432,788 | 429,702 | 420,685 | 349,198 | 323,686 | 324,321 | 324,967 | 316,751 | 318,909 | 316,946 | 316,084 |
| Payables | US$ in thousands | 64,447 | 66,758 | 73,076 | 78,851 | 79,312 | 71,408 | 79,569 | 80,313 | 64,073 | 67,411 | 75,329 | 84,469 | 85,861 | 91,955 | 86,155 | 92,887 | 99,232 | 96,263 | 91,257 | 93,458 |
| Payables turnover | 4.91 | 4.73 | 4.37 | 4.15 | 4.16 | 4.67 | 4.21 | 4.25 | 6.48 | 6.42 | 5.70 | 4.98 | 4.07 | 3.52 | 3.76 | 3.50 | 3.19 | 3.31 | 3.47 | 3.38 |
December 31, 2023 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $316,550K ÷ $64,447K
= 4.91
Based on the data provided, Geo Group, Inc.'s payables turnover ratio has consistently been reported as 0.00 across all quarters from Q1 2022 to Q4 2023. This indicates that the company is not effectively managing its accounts payable, as the ratio signifies the number of times a company pays off its trade payables in a given period. A payables turnover ratio of 0.00 suggests that the company is not utilizing its credit terms with suppliers efficiently or may be facing challenges in managing its accounts payable effectively. Further investigation and analysis into the company's payment practices and liquidity management are recommended to understand the reasons behind the consistently low or zero payables turnover ratio.
Peer comparison
Dec 31, 2023