CoreCivic (STU:PSRA) Days Payable : 39.32 (As of Mar. 2024)

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What is CoreCivic Days Payable?

CoreCivic's average Accounts Payable for the three months ended in Mar. 2024 was €150 Mil. CoreCivic's Cost of Goods Sold for the three months ended in Mar. 2024 was €348 Mil. Hence, CoreCivic's Days Payable for the three months ended in Mar. 2024 was 39.32.

The historical rank and industry rank for CoreCivic's Days Payable or its related term are showing as below:

STU:PSRA' s Days Payable Range Over the Past 10 Years
Min: 15.06 Med: 20.49 Max: 55.82
Current: 55.82

During the past 13 years, CoreCivic's highest Days Payable was 55.82. The lowest was 15.06. And the median was 20.49.

STU:PSRA's Days Payable is ranked better than
56.88% of 923 companies
in the Business Services industry
Industry Median: 47.39 vs STU:PSRA: 55.82

CoreCivic's Days Payable declined from Mar. 2023 (45.05) to Mar. 2024 (39.32). It may suggest that CoreCivic accelerated paying its suppliers.

CoreCivic Days Payable Historical Data

The historical data trend for CoreCivic's Days Payable 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 Days Payable Chart

CoreCivic Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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21.75

23.22

22.57

20.51

CoreCivic Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															45.05	65.91	66.13	45.65	39.32

Competitive Comparison of CoreCivic's Days Payable

For the Security & Protection Services subindustry, CoreCivic's Days Payable, along with its competitors' market caps and Days Payable 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 Days Payable Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, CoreCivic's Days Payable distribution charts can be found below:

* The bar in red indicates where CoreCivic's Days Payable falls into.

CoreCivic Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

CoreCivic's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (84.661	+	66.042)	/	2 )	/	1341.048	*	365
=	75.3515					/	1341.048	*	365
=	20.51

CoreCivic's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (66.042	+	233.741)	/	2 )	/	347.855	*	365 / 4
=	149.8915					/	347.855	*	365 / 4
=	39.32

CoreCivic Days Payable Related Terms

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CoreCivic (STU:PSRA) Business Description

Industry

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

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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