CoreCivic (STU:PSRA) ROCE % : 4.05% (As of Mar. 2024)

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What is CoreCivic ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. CoreCivic's annualized ROCE % for the quarter that ended in Mar. 2024 was 4.05%.

CoreCivic ROCE % Historical Data

The historical data trend for CoreCivic's ROCE % 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.

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CoreCivic ROCE % Chart

CoreCivic Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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8.47

4.00

5.44

8.70

5.94

CoreCivic Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															5.66	5.35	5.46	7.73	4.05

CoreCivic ROCE % Calculation

CoreCivic's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	154.774	/	( ( (3063.062 - 425.509)	+	(2847.651 - 272.765) )	/ 2 )
	=	154.774	/	( (2637.553	+	2574.886)	/ 2 )
	=	154.774	/	2606.2195
	=	5.94 %

CoreCivic's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	101.776	/	( ( (2847.651 - 272.765)	+	(2785.169 - 335.389) )	/ 2 )
	=	101.776	/	( ( 2574.886	+	2449.78 )	/ 2 )
	=	101.776	/	2512.333
	=	4.05 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

CoreCivic (STU:PSRA) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

CoreCivic ROCE % Related Terms

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CoreCivic (STU:PSRA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » CoreCivic Inc (STU:PSRA) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

CXW:USA PSRA:Germany

Address

5501 Virginia Way, Suite 110, Brentwood, TN, USA, 37027

Website

https://www.corecivic.com

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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