Geo Group Inc (GEO)
Operating return on assets (Operating ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 352,389 | 377,010 | 391,542 | 394,236 | 383,102 | 350,739 | 326,637 | 303,979 | 288,083 | 250,078 | 240,792 | 233,193 | 223,725 | 252,014 | 265,440 | 281,798 | 300,413 | 297,595 | 289,216 | 274,992 |
| 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 |
| Operating ROA | 9.53% | 10.12% | 10.66% | 10.65% | 10.19% | 9.47% | 7.17% | 6.60% | 6.35% | 5.45% | 5.28% | 5.27% | 5.02% | 5.93% | 6.26% | 6.73% | 6.96% | 6.95% | 6.71% | 6.27% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $352,389K ÷ $3,696,410K
= 9.53%
Geo Group, Inc.'s operating return on assets (operating ROA) has shown a generally positive trend over the past eight quarters, with a gradual increase from 6.60% in Q1 2022 to 10.66% in Q2 2023. This indicates that the company has been able to generate more operating income relative to its total assets over this period. The relatively consistent improvement in operating ROA reflects efficient management of assets to generate profits, suggesting effective operational performance and potentially enhanced efficiency in asset utilization. However, it is important to monitor this trend over time to assess the sustainability of this positive performance and its impact on the company's overall financial health.
Peer comparison
Dec 31, 2023