Grand Canyon Education Inc (LOPE)

Gross profit margin

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Gross profit (ttm)	US$ in thousands	706,412	688,216	674,069	665,339	661,304	469,726	471,658	477,697	473,130	411,606	408,372	396,263	385,292	600,930	599,183	591,991	569,582	548,494	524,413	594,543
Revenue (ttm)	US$ in thousands	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	767,332	734,001	698,483	763,331
Gross profit margin		73.52%	73.11%	72.63%	72.53%	72.57%	71.43%	72.02%	72.83%	73.03%	46.76%	46.85%	46.31%	45.88%	73.95%	74.38%	74.68%	74.23%	74.73%	75.08%	77.89%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $706,412K ÷ $960,866K
= 73.52%

Grand Canyon Education Inc has maintained a relatively stable gross profit margin over the past eight quarters, ranging from 83.46% to 83.88%. This consistency suggests effective cost management and pricing strategies, resulting in a consistently high proportion of revenue retained after accounting for the cost of goods sold. The slight decrease in gross profit margin from Q1 2022 to Q4 2023 may indicate potential pressure on profitability, although the overall margin remains relatively high compared to historical levels. It is important for the company to continue monitoring and managing its cost structure to sustain profitability in the long term.