Grand Canyon Education Inc (LOPE)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,033,060 | 960,866 | 911,304 | 897,963 | 839,694 |
| Total assets | US$ in thousands | 1,018,420 | 930,463 | 832,749 | 1,222,740 | 1,844,580 |
| Total asset turnover | 1.01 | 1.03 | 1.09 | 0.73 | 0.46 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $1,033,060K ÷ $1,018,420K
= 1.01
Grand Canyon Education Inc's total asset turnover has shown a notable upward trend over the past five years. It increased from 0.46 at the end of December 31, 2020, to 1.01 at the end of December 31, 2024. This indicates that the company has become more efficient in generating revenue from its total assets.
The substantial improvement in total asset turnover suggests that Grand Canyon Education Inc has been able to utilize its assets more effectively to generate sales. A total asset turnover of 1.01 at the end of December 31, 2024, implies that the company generated $1.01 in revenue for every $1 of total assets it held.
Overall, the increasing trend in total asset turnover reflects positively on Grand Canyon Education Inc's operational efficiency and the ability to maximize the utilization of its assets to drive revenue growth. This improvement can potentially enhance the company's profitability and shareholder value in the long run.
Peer comparison
Dec 31, 2024