Grand Canyon Education Inc (LOPE)

Operating return on assets (Operating ROA)

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
Operating income (ttm) US$ in thousands 275,399 273,171 266,534 259,257 249,256 242,135 236,109 234,512 237,500 249,222 259,026 275,429 282,190 277,082 282,805 280,867 277,437 262,117 270,812 273,496
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
Operating ROA 27.04% 27.51% 26.85% 25.04% 26.79% 28.05% 27.90% 26.83% 28.52% 31.77% 32.90% 29.99% 23.08% 16.49% 15.31% 14.90% 15.04% 14.56% 15.13% 15.79%

December 31, 2024 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $275,399K ÷ $1,018,420K
= 27.04%

Grand Canyon Education Inc's operating return on assets (operating ROA) has displayed fluctuations over the period from March 31, 2020, to December 31, 2024. The operating ROA started at 15.79% in March 2020, decreased slightly to 14.56% by September 2020, but then gradually increased to 15.31% by June 2021.

There was a significant spike in operating ROA to 23.08% by December 2021, followed by a substantial increase to 32.90% by June 2022. The operating ROA remained relatively high, hovering between 26.79% to 31.77% from September 2022 to September 2024. The ratio peaked at 32.90% in June 2022, but saw a gradual decline thereafter.

Overall, the trend in Grand Canyon Education Inc's operating ROA shows variability with periods of both increases and decreases. The company experienced notable improvements in operating efficiency during certain quarters, as evidenced by the higher operating ROA percentages. However, the fluctuations in the ratio indicate changes in the company's operating performance and profitability over the analyzed period.