Geo Group Inc (GEO)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 4,610,800 | 4,600,290 | 4,409,520 | 4,593,970 | 4,823,380 |
| Receivables | US$ in thousands | 390,023 | 416,399 | 365,573 | 362,668 | 430,982 |
| Receivables turnover | 11.82 | 11.05 | 12.06 | 12.67 | 11.19 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $4,610,800K ÷ $390,023K
= 11.82
The receivables turnover ratio for Geo Group, Inc. has exhibited fluctuations over the past five years, ranging from 5.60 to 6.37 times. The ratios indicate that the company collected its accounts receivables approximately 5.71 to 6.37 times per year on average.
The trend shows a general improvement in the efficiency of collecting receivables from 2019 to 2020, with a peak turnover ratio of 6.37 in 2020. However, the ratio decreased in 2021 to 6.06 before increasing again to 6.19 in 2023.
Overall, the receivables turnover ratio of Geo Group, Inc. suggests that the company has been effectively managing its accounts receivables and converting them into cash, although further analysis would be needed to determine the underlying causes of the fluctuations in the ratio over the years.
Peer comparison
Dec 31, 2023