Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. CoreCivic's annualized net income for the quarter that ended in Mar. 2024 was $38 Mil. CoreCivic's average shareholder tangible equity for the quarter that ended in Mar. 2024 was $1,452 Mil. Therefore, CoreCivic's annualized Return-on-Tangible-Equity for the quarter that ended in Mar. 2024 was 2.63%.
The historical rank and industry rank for CoreCivic's Return-on-Tangible-Equity or its related term are showing as below:
CXW'
s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -3.8 Med: 12.41 Max: 15.91
Current: 4.49
During the past 13 years, CoreCivic's highest Return-on-Tangible-Equity was 15.91%. The lowest was -3.80%. And the median was 12.41%.
CXW's Return-on-Tangible-Equity is ranked worse than 69.63% of 1001
companies
in the Business Services industry
Industry Median: 12.09
vs CXW: 4.49
CoreCivic Return-on-Tangible-Equity Historical Data
The historical data trend for CoreCivic's Return-on-Tangible-Equity can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Competitive Comparison of CoreCivic's Return-on-Tangible-Equity
For the Security & Protection Services subindustry, CoreCivic's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
CoreCivic's Return-on-Tangible-Equity Distribution in the Business Services Industry
For the Business Services industry and Industrials sector, CoreCivic's Return-on-Tangible-Equity distribution charts can be found below:
* The bar in red indicates where CoreCivic's Return-on-Tangible-Equity falls into.
CoreCivic Return-on-Tangible-Equity Calculation
CoreCivic's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
In the calculation of annual Return-on-Tangible-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data,
the net income data used here is four times the quarterly (Mar. 2024) net income data.
Return-on-Tangible-Equity is displayed in the 10-year financial page.
Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.
Be Aware
Net Income is used.
Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.
CoreCivic Return-on-Tangible-Equity Related Terms
Thank you for viewing the detailed overview of CoreCivic's Return-on-Tangible-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.
CoreCivic Inc is an owner and operator of private prisons and detention centers in the United States. It operates in three segments: Safety, Community, and Properties. The Safety segment operates roughly 50 facilities and owns majority of them. The Community segment owns and operates close to 30 residential reentry centers. The Properties segment owns approximately 15 properties for lease to third parties and government agencies. The vast majority of the company's revenue comes from the Safety segment. Its customers are federal, state, and local government agencies. Commercial contracts are typically 3-5 years long with multiple renewal options. CoreCivic operated as a Real Estate Investment Trust until January 2021 when it was reorganized as a taxable C Corporation.
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