Geo Group Inc (GEO)
Total asset turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 2,423,702 | 2,424,265 | 2,423,925 | 2,410,631 | 2,413,168 | 2,425,567 | 2,439,465 | 2,433,751 | 2,376,727 | 2,313,584 | 2,254,178 | 2,231,420 | 2,256,612 | 2,277,189 | 2,299,048 | 2,321,458 | 2,350,098 | 2,393,692 | 2,446,135 | 2,472,272 |
| Total assets | US$ in thousands | 3,632,080 | 3,633,290 | 3,643,990 | 3,684,510 | 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 |
| Total asset turnover | 0.67 | 0.67 | 0.67 | 0.65 | 0.65 | 0.65 | 0.66 | 0.66 | 0.63 | 0.62 | 0.49 | 0.48 | 0.50 | 0.50 | 0.50 | 0.52 | 0.53 | 0.56 | 0.58 | 0.59 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $2,423,702K ÷ $3,632,080K
= 0.67
Geo Group Inc's total asset turnover has been fluctuating over the past few years. The ratio started at 0.59 in March 2020, decreased to 0.50 by June 2021, and then gradually improved to reach 0.67 by December 2024. This indicates that the company generated $0.59 in sales for every dollar of assets in March 2020 and improved its efficiency in utilizing assets to generate revenue over time. The recent increase in total asset turnover suggests that Geo Group Inc has become more effective in generating sales relative to its asset base. It is important for the company to maintain this trend to continue maximizing its asset utilization and profitability.
Peer comparison
Dec 31, 2024