Grand Canyon Education Inc (LOPE)

Return on assets (ROA)

		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
Net income (ttm)	US$ in thousands	204,985	195,303	189,572	186,161	184,675	198,761	216,411	240,310	260,344	261,986	266,374	263,923	257,196	247,110	253,215	257,317	259,175	258,037	233,647	228,573
Total assets	US$ in thousands	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	1,690,290	1,760,670	1,677,520	1,619,470
ROA		22.03%	22.63%	22.40%	21.30%	22.18%	25.33%	27.49%	26.17%	21.29%	15.59%	14.42%	14.00%	13.94%	13.72%	14.14%	14.86%	15.33%	14.66%	13.93%	14.11%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $204,985K ÷ $930,463K
= 22.03%

Grand Canyon Education Inc has maintained a consistently strong return on assets (ROA) over the past 8 quarters, with values ranging from 21.30% to 27.49%. The company's ROA peaked at 27.49% in Q2 2022 and has since shown minor fluctuations but has generally stayed above 20%. This indicates that Grand Canyon Education Inc has been effective in generating profits relative to its total assets, reflecting strong operational efficiency and effective asset utilization. Overall, the company's ROA performance suggests a solid foundation for generating returns for its shareholders.