Geo Group Inc (GEO)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 107,325 | 171,813 | 77,418 | 113,032 | 166,603 |
| Total assets | US$ in thousands | 3,696,410 | 3,760,380 | 4,537,410 | 4,460,130 | 4,317,530 |
| ROA | 2.90% | 4.57% | 1.71% | 2.53% | 3.86% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $107,325K ÷ $3,696,410K
= 2.90%
Geo Group, Inc.'s return on assets (ROA) has exhibited fluctuations over the past five years. In 2023, the ROA decreased to 2.41% from 3.79% in 2022, indicating a decline in the company's ability to generate profit relative to its total assets. This downward trend follows a similar pattern from 2021 to 2022 when the ROA also decreased. However, the ROA in 2021 was comparatively lower at 1.55% before experiencing a rebound in 2020 at 2.53%. The highest ROA in the past five years was recorded in 2019 at 3.86%, reflecting a period of stronger profitability relative to asset utilization. Overall, the fluctuating trend in Geo Group, Inc.'s ROA suggests varying levels of efficiency in generating profits from its assets over the years.
Peer comparison
Dec 31, 2023