Geo Group Inc (GEO)
Working capital 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 current assets | US$ in thousands | 528,505 | 555,008 | 943,908 | 711,323 | 541,728 |
| Total current liabilities | US$ in thousands | 437,464 | 437,212 | 378,842 | 411,296 | 395,928 |
| Working capital turnover | 50.65 | 39.05 | 7.80 | 15.31 | 33.08 |
December 31, 2023 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $4,610,800K ÷ ($528,505K – $437,464K)
= 50.65
Geo Group, Inc.'s working capital turnover has shown fluctuations over the past five years. The ratio has ranged from the lowest of 3.99 in December 2021 to the highest of 26.51 in December 2023. This indicates that the company's efficiency in utilizing its working capital to generate revenue has varied significantly during this period. Specifically, there was a notable improvement in working capital turnover from 2021 to 2023, suggesting a more efficient management of working capital during those years. However, the ratio decreased in 2022 before rebounding in 2023. Overall, the trend in working capital turnover for Geo Group, Inc. demonstrates volatility and highlights the need for ongoing monitoring and analysis to ensure optimal utilization of resources.
Peer comparison
Dec 31, 2023