Grand Canyon Education Inc (LOPE)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 226,234 | 204,985 | 184,675 | 260,344 | 257,196 |
| Total assets | US$ in thousands | 1,018,420 | 930,463 | 832,749 | 1,222,740 | 1,844,580 |
| ROA | 22.21% | 22.03% | 22.18% | 21.29% | 13.94% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $226,234K ÷ $1,018,420K
= 22.21%
Grand Canyon Education Inc's return on assets (ROA) has shown a positive trend over the past five years, increasing from 13.94% as of December 31, 2020, to 22.21% as of December 31, 2024. This indicates that the company has been able to generate more profit relative to its total assets, reflecting improved efficiency and performance in utilizing its asset base to generate earnings. The steady increase in ROA suggests effective asset management and operational efficiency, which can be a positive sign for investors and stakeholders. It indicates that the company is making sound investment decisions and effectively converting its assets into profits over the years.
Peer comparison
Dec 31, 2024