Grand Canyon Education Inc (LOPE)

Return on assets (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
Net income (ttm)	US$ in thousands	226,234	225,064	219,336	213,431	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
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
ROA		22.21%	22.67%	22.10%	20.61%	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%

December 31, 2024 calculation

ROA = Net income (ttm) ÷ Total assets
= $226,234K ÷ $1,018,420K
= 22.21%

Grand Canyon Education Inc's return on assets (ROA) has shown a generally positive trend over the past few years. The ROA started at 14.86% as of March 31, 2020, and experienced some fluctuations before increasing to 27.49% as of June 30, 2022. Subsequently, the ROA decreased slightly but remained relatively high, with values ranging between 20% to 25% up to December 31, 2024.

Overall, the ROA indicates that Grand Canyon Education Inc has been effectively generating profits relative to its assets. The higher ROA values suggest that the company is efficiently utilizing its assets to generate earnings. Investors and stakeholders may view this positively as it indicates the company's ability to generate profits from its asset base. However, it is essential to monitor future ROA trends to ensure sustained efficiency in asset utilization.