Grand Canyon Education Inc (LOPE)

Return on equity (ROE)

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 stockholders’ equity US$ in thousands 783,853 764,137 759,195 759,447 718,014 650,530 645,425 659,250 637,619 591,556 606,638 706,437 1,045,050 1,400,780 1,542,680 1,588,680 1,574,330 1,520,980 1,489,390 1,448,010
ROE 28.86% 29.45% 28.89% 28.10% 28.55% 30.02% 29.37% 28.24% 28.96% 33.60% 35.67% 34.02% 24.91% 18.70% 17.27% 16.61% 16.34% 16.25% 17.00% 17.77%

December 31, 2024 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $226,234K ÷ $783,853K
= 28.86%

Grand Canyon Education Inc's Return on Equity (ROE) has shown a generally upward trend over the period from March 31, 2020, to December 31, 2024. The ROE increased from 17.77% in March 2020 to a peak of 35.67% in June 2022 before experiencing some fluctuations.

The ROE values ranged between 16% and 35% during this period, indicating that the company has been effectively utilizing its equity to generate profits for shareholders. The highest ROE was recorded at 35.67% in June 2022, demonstrating a significant return on the shareholders' equity investment.

However, there were fluctuations in the ROE figures in the later periods, with values dropping to around 28%-30% by December 2024. These fluctuations could be attributed to changes in the company's financial performance, changes in capital structure, or other external factors impacting profitability.

Overall, Grand Canyon Education Inc's ROE performance indicates a strong ability to generate profits relative to shareholders' equity, although monitoring the trend and identifying factors influencing the fluctuations will be important for investors and analysts.