Grand Canyon Education Inc (LOPE)
Operating return on assets (Operating ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 275,399 | 249,256 | 237,500 | 282,190 | 277,437 |
| Total assets | US$ in thousands | 1,018,420 | 930,463 | 832,749 | 1,222,740 | 1,844,580 |
| Operating ROA | 27.04% | 26.79% | 28.52% | 23.08% | 15.04% |
December 31, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $275,399K ÷ $1,018,420K
= 27.04%
Grand Canyon Education Inc's operating return on assets (operating ROA) has shown a positive trend over the years. Starting at 15.04% on December 31, 2020, it increased to 23.08% by December 31, 2021, reflecting improved efficiency in generating operating income relative to its assets. This positive trend continued with operating ROA reaching 28.52% on December 31, 2022, indicating enhanced operational performance and asset utilization.
Although there was a slight dip to 26.79% on December 31, 2023, the metric remained relatively high, suggesting that the company continued to effectively generate operating income from its assets. By December 31, 2024, the operating ROA slightly increased to 27.04%, demonstrating the company's ability to maintain strong efficiency in its operations and asset management.
Overall, the increasing trend in operating ROA from 2020 to 2024 signifies Grand Canyon Education Inc's effective management of assets to generate operating income, highlighting the company's operational efficiency and effectiveness in utilizing its resources.
Peer comparison
Dec 31, 2024