Geo Group Inc (GEO)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,423,700 | 2,413,170 | 2,376,730 | 2,256,610 | 2,350,100 |
| Total assets | US$ in thousands | 3,632,080 | 3,696,410 | 3,760,380 | 4,537,410 | 4,460,130 |
| Total asset turnover | 0.67 | 0.65 | 0.63 | 0.50 | 0.53 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $2,423,700K ÷ $3,632,080K
= 0.67
The total asset turnover of Geo Group Inc has demonstrated a fluctuating trend over the past five years, ranging from 0.50 to 0.67. The company's ability to generate revenue from its total assets has improved gradually from 2020 to 2024. This indicates that Geo Group Inc has managed to utilize its assets more efficiently in generating sales over the years. The upward trend in total asset turnover signifies improved operational efficiency and effectiveness in utilizing the company's assets to drive revenue generation. Overall, the increasing trend in total asset turnover reflects positively on Geo Group Inc's operational performance and asset utilization efficiency.
Peer comparison
Dec 31, 2024