Geo Group Inc (GEO)
Working capital 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 current assets | US$ in thousands | 500,179 | 484,498 | 490,413 | 531,490 | 528,505 | 538,659 | 451,976 | 501,248 | 555,008 | 515,727 | 1,023,410 | 1,022,820 | 943,908 | 932,989 | 868,640 | 700,963 | 711,323 | 500,073 | 510,320 | 476,526 |
| Total current liabilities | US$ in thousands | 340,223 | 441,638 | 388,863 | 420,929 | 437,464 | 433,326 | 347,208 | 396,098 | 437,212 | 427,425 | 389,205 | 408,371 | 378,842 | 420,605 | 385,732 | 423,056 | 411,296 | 421,877 | 400,921 | 385,319 |
| Working capital turnover | 15.15 | 56.56 | 23.87 | 21.80 | 26.51 | 23.03 | 23.28 | 23.15 | 20.18 | 26.20 | 3.55 | 3.63 | 3.99 | 4.44 | 4.76 | 8.35 | 7.83 | 30.61 | 22.36 | 27.11 |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $2,423,702K ÷ ($500,179K – $340,223K)
= 15.15
The working capital turnover for Geo Group Inc has shown fluctuations over the time period provided. It started at a relatively high level of 27.11 as of March 31, 2020, indicating that the company was able to efficiently generate revenue using its working capital. However, this ratio steadily decreased over the following quarters, dropping to 3.55 as of June 30, 2022. This declining trend suggests potential inefficiencies in utilizing working capital to generate sales.
Nevertheless, there was a significant spike in the working capital turnover to 56.56 as of September 30, 2024, indicating a sudden improvement in the company's ability to generate revenue relative to its working capital. This exceptional increase may point to a more effective management of working capital during that specific quarter.
Overall, the working capital turnover ratio for Geo Group Inc has been volatile, with both highs and lows observed throughout the period. This ratio is crucial as it reflects how efficiently the company is utilizing its working capital to support its operations and generate revenue. Further analysis of the company's financial health and operational efficiency would be necessary to better understand the implications of these fluctuations in the working capital turnover ratio.
Peer comparison
Dec 31, 2024