Geo Group Inc (GEO)
Total asset 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 |
| Total assets | US$ in thousands | 3,696,410 | 3,760,380 | 4,537,410 | 4,460,130 | 4,317,530 |
| Total asset turnover | 1.25 | 1.22 | 0.97 | 1.03 | 1.12 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $4,610,800K ÷ $3,696,410K
= 1.25
Geo Group, Inc.'s total asset turnover has fluctuated over the past five years. The ratio measures the efficiency with which the company generates revenue from its total assets. A higher total asset turnover indicates that the company is effectively utilizing its assets to generate revenue.
In 2023, the total asset turnover was 0.65, showing an improvement compared to the previous year. This suggests that Geo Group, Inc. was able to generate more revenue relative to its total assets in 2023.
In 2022, the total asset turnover was slightly lower at 0.63, indicating a slight decrease in asset utilization efficiency compared to 2021. However, the ratio remained relatively stable.
The total asset turnover was 0.50 in 2021, showing a significant increase compared to 2020. This indicates that Geo Group, Inc. was able to generate higher revenue relative to its total assets in 2021.
In 2020, the total asset turnover was 0.53, which was lower than in 2021 but higher than in 2019. This suggests a moderate improvement in asset utilization efficiency compared to the previous year.
In 2019, the total asset turnover was 0.57, indicating a slight decrease in efficiency compared to 2020. Overall, Geo Group, Inc.'s total asset turnover has shown varying levels of efficiency in generating revenue from its assets over the past five years.
Peer comparison
Dec 31, 2023