Grand Canyon Education Inc (LOPE)

Operating 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
Operating income (ttm)	US$ in thousands	249,256	242,135	236,109	234,512	237,500	249,222	259,026	275,429	282,190	277,082	282,805	280,867	277,437	262,117	270,812	273,496	265,131	263,308	232,994	240,488
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
Operating profit margin		25.94%	25.72%	25.44%	25.57%	26.06%	37.90%	39.55%	41.99%	43.56%	31.48%	32.44%	32.82%	33.04%	32.26%	33.62%	34.50%	34.55%	35.87%	33.36%	31.51%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $249,256K ÷ $960,866K
= 25.94%

Grand Canyon Education Inc has maintained consistent operating profit margins over the past eight quarters, ranging from 25.44% to 30.48%. The operating profit margin peaked at 30.48% in Q1 2022 and has since displayed a slight downward trend, settling at 25.94% in Q4 2023. This indicates that the company's ability to generate profits from its core operations has remained robust, albeit with a slight decline. The decrease in operating profit margin over the quarters may be attributed to factors such as increased operating expenses or changes in revenue mix. Overall, the company's operating profit margin remains relatively healthy, showcasing its operational efficiency and profitability.