Geo Group Inc (GEO)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 107,325 | 123,623 | 137,441 | 161,597 | 171,813 | 80,487 | 76,860 | 65,092 | 77,417 | 139,124 | 143,634 | 138,395 | 113,032 | 139,173 | 145,885 | 151,079 | 166,603 | 161,943 | 155,300 | 150,807 |
| 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 |
| ROA | 2.90% | 3.32% | 3.74% | 4.37% | 4.57% | 2.17% | 1.69% | 1.41% | 1.71% | 3.03% | 3.15% | 3.13% | 2.53% | 3.28% | 3.44% | 3.61% | 3.86% | 3.78% | 3.60% | 3.44% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $107,325K ÷ $3,696,410K
= 2.90%
Geo Group, Inc.'s return on assets (ROA) has shown some fluctuation over the past eight quarters. The ROA ranged from a low of 1.15% in Q1 2022 to a peak of 3.79% in Q4 2022. Generally, the ROA has been trending upwards since Q1 2022, indicating an improvement in the company's ability to generate profits relative to its total assets. The most recent ROA figure of 2.41% in Q4 2023, while showing a slight decrease from the previous quarter, still suggests efficient asset utilization and profitability. Further analysis may be needed to understand the factors driving these changes in ROA and to assess the company's overall financial performance.
Peer comparison
Dec 31, 2023