Geo Group Inc (GEO)
Receivables 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 4,609,468 | 4,616,848 | 4,606,381 | 4,632,051 | 4,602,201 | 4,413,311 | 4,400,195 | 4,374,056 | 4,414,967 | 2,206,263 | 2,237,828 | 2,262,240 | 2,274,336 | 2,317,930 | 2,357,239 | 2,364,065 | 2,356,221 | 2,333,941 | 2,283,952 | 2,261,249 |
| Receivables | US$ in thousands | 390,023 | 356,501 | 350,961 | 349,337 | 416,399 | 383,694 | 371,851 | 358,648 | 365,573 | 327,723 | 313,831 | 346,817 | 362,668 | 380,072 | 361,030 | 375,453 | 430,982 | 377,984 | 394,720 | 423,596 |
| 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 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $4,609,468K ÷ $390,023K
= 11.82
Geo Group, Inc.'s receivables turnover ratio measures the efficiency with which the company collects outstanding receivables during a specific period. The trend analysis of the data indicates that there has been a relatively consistent improvement in receivables turnover from Q1 2022 to Q3 2023. This improvement suggests that the company has been managing its accounts receivables more effectively, converting them into cash at a faster rate.
The average receivables turnover ratio for the eight quarters is approximately 6.41, indicating that, on average, Geo Group, Inc. collects outstanding receivables approximately 6.41 times within a year. A higher receivables turnover ratio is generally favorable as it signifies that the company is efficient in collecting payments from its customers.
However, it is essential to consider the industry's average receivables turnover ratio for a meaningful comparison and evaluation of Geo Group, Inc.'s performance in managing its receivables. Any significant deviation from the industry average may require further investigation to identify the underlying reasons for the difference in efficiency in collecting receivables.
Peer comparison
Dec 31, 2023