Geo Group Inc (GEO)
Total asset 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 |
| Total assets | US$ in thousands | 3,696,410 | 3,724,380 | 3,671,890 | 3,701,980 | 3,760,380 | 3,704,510 | 4,555,320 | 4,608,880 | 4,537,410 | 4,588,800 | 4,563,610 | 4,427,450 | 4,460,130 | 4,247,840 | 4,242,710 | 4,187,850 | 4,317,530 | 4,282,880 | 4,308,140 | 4,384,070 |
| 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 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $4,609,468K ÷ $3,696,410K
= 1.25
Geo Group, Inc.'s total asset turnover has shown relative consistency in recent quarters, ranging between 0.48 to 0.66. The ratio hovered around the 0.65 mark in the last two quarters of 2023, indicating that the company generated $0.65 in revenue for every $1 in total assets. This suggests that Geo Group is effectively utilizing its assets to generate sales. The improvement from the previous year's average of around 0.56 indicates an enhancement in asset utilization efficiency. However, it is worth noting a significant jump in Q2 and Q3 of 2022, which could have been due to specific factors impacting the business during that period. Overall, Geo Group's total asset turnover appears stable and demonstrates a consistent ability to generate revenue relative to its asset base.
Peer comparison
Dec 31, 2023