Geo Group Inc (GEO)
Activity ratios
Short-term
Turnover ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 12.61 | — | — | — | 15.94 | — | — | — | 46.16 | — | — | — | — | — | — | — | — | — | — | — |
| Receivables turnover | 11.82 | 12.95 | 13.13 | 13.26 | 11.05 | 11.50 | 11.83 | 12.20 | 12.08 | 6.73 | 7.13 | 6.52 | 6.27 | 6.10 | 6.53 | 6.30 | 5.47 | 6.17 | 5.79 | 5.34 |
| 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 |
| Working capital turnover | 50.63 | 43.83 | 43.97 | 44.05 | 39.07 | 49.98 | 6.94 | 7.12 | 7.81 | 4.31 | 4.63 | 8.14 | 7.58 | 29.64 | 21.55 | 25.92 | 16.16 | 21.41 | 18.53 | — |
Inventory turnover is not provided in the table, indicating that Geo Group, Inc. does not have inventory or the data is unavailable.
Receivables turnover has shown a relatively stable trend over the past eight quarters, ranging between 5.71 and 6.97 times. This ratio measures how efficiently the company is collecting its accounts receivable during a period. A higher turnover indicates that Geo Group, Inc. is collecting its receivables more quickly, which is generally favorable.
Payables turnover is consistently reported as 0.00, suggesting that either the company does not have accounts payable or the data is not available for analysis. Payables turnover ratio indicates how many times a company pays off its accounts payable during a period.
Working capital turnover has shown significant fluctuations, with a notable increase in Q4 2023 to 26.51 from 20.18 in Q4 2022. This ratio reflects how effectively the company is utilizing its working capital to generate revenue. A higher turnover indicates that Geo Group, Inc. is efficiently using its working capital to support its operations and drive sales.
Average number of days
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | 28.94 | — | — | — | 22.90 | — | — | — | 7.91 | — | — | — | — | — | — | — | — | — | — | — |
| Days of sales outstanding (DSO) | days | 30.88 | 28.18 | 27.81 | 27.53 | 33.02 | 31.73 | 30.85 | 29.93 | 30.22 | 54.22 | 51.19 | 55.96 | 58.20 | 59.85 | 55.90 | 57.97 | 66.76 | 59.11 | 63.08 | 68.37 |
| Number of days of payables | days | 74.31 | 77.18 | 83.48 | 87.89 | 87.75 | 78.11 | 86.77 | 85.87 | 56.29 | 56.85 | 63.99 | 73.29 | 89.75 | 103.69 | 96.96 | 104.33 | 114.35 | 110.18 | 105.09 | 107.92 |
Geo Group, Inc.'s Days of Sales Outstanding (DSO) has shown a decreasing trend over the past eight quarters, indicating that the company is collecting its accounts receivable more efficiently. In Q4 2023, the DSO was 58.99 days compared to 63.95 days in Q4 2022. This suggests an improvement in the company's ability to collect payments from customers in a timely manner.
On the other hand, the Days of Inventory on Hand (DOH) data is not available for analysis in the given table. Without this information, it is challenging to assess how effectively Geo Group, Inc. is managing its inventory levels and turnover.
Additionally, the table does not provide data on the Number of Days of Payables, which is crucial for evaluating the company's payment practices and liquidity management.
In conclusion, while the decrease in DSO is a positive indication of Geo Group, Inc.'s efficiency in collecting receivables, a complete analysis of the activity ratios, including DOH and payables turnover, is needed for a comprehensive assessment of the company's operational efficiency.
Long-term
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Total asset turnover | 1.25 | 1.24 | 1.25 | 1.25 | 1.22 | 1.19 | 0.97 | 0.95 | 0.97 | 0.48 | 0.49 | 0.51 | 0.51 | 0.55 | 0.56 | 0.56 | 0.55 | 0.54 | 0.53 | 0.52 |
Geo Group, Inc.'s fixed asset turnover ratio has been fairly stable over the past eight quarters, ranging between 1.11 and 1.24. This indicates that the company generates revenue efficiently from its fixed assets. The slight increase in the ratio from Q1 2022 to Q4 2023 suggests a potential improvement in the utilization of fixed assets to generate sales.
In contrast, the total asset turnover ratio has also shown consistency, but at a lower level compared to the fixed asset turnover. It has ranged between 0.48 and 0.66 over the same period. This indicates that the company is less effective in generating sales from its total assets, which include both fixed and current assets.
Overall, the analysis of Geo Group, Inc.'s long-term activity ratios reveals that the company has been managing its fixed assets efficiently to generate revenue. However, there may be room for improvement in optimizing the utilization of total assets to further enhance overall efficiency and profitability.