Grand Canyon Education Inc (LOPE)

Total asset turnover

Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 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
Revenue (ttm) US$ in thousands 1,033,000 1,018,705 1,002,326 985,433 960,866 941,291 928,099 917,277 911,304 657,601 654,907 655,883 647,885 880,309 871,749 855,720 839,694 812,574 805,522 792,740
Total assets US$ in thousands 1,018,420 992,926 992,691 1,035,570 930,463 863,156 846,217 874,021 832,749 784,544 787,303 918,386 1,222,740 1,680,460 1,846,970 1,885,030 1,844,580 1,800,560 1,790,280 1,731,600
Total asset turnover 1.01 1.03 1.01 0.95 1.03 1.09 1.10 1.05 1.09 0.84 0.83 0.71 0.53 0.52 0.47 0.45 0.46 0.45 0.45 0.46

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,033,000K ÷ $1,018,420K
= 1.01

Total asset turnover measures how efficiently a company generates revenue from its assets. A higher total asset turnover indicates that the company is utilizing its assets more effectively to generate sales.

Analyzing the data provided for Grand Canyon Education Inc, we observe fluctuations in the total asset turnover ratio over the periods reported. From March 31, 2020, to December 31, 2021, the ratio ranged from 0.45 to 0.53, showing relatively consistent performance in asset utilization during this time frame.

However, starting from March 31, 2022, the total asset turnover ratio began to show significant improvement, reaching the highest point of 1.10 on June 30, 2023. This indicates that the company was able to generate more revenue relative to its total assets during this period, reflecting increased efficiency in asset management.

Although there was a slight decline in total asset turnover from March 31, 2023, to June 30, 2024, the ratio remained relatively high, ranging from 0.95 to 1.03. This suggests that Grand Canyon Education Inc continued to effectively utilize its assets to drive revenue growth during these quarters.

Overall, the trend in total asset turnover for Grand Canyon Education Inc shows periods of both stability and improvement, indicating varying degrees of efficiency in asset utilization over the reporting periods. It is essential for investors and stakeholders to monitor this ratio to assess the company's ability to maximize its asset base for revenue generation.