Grand Canyon Education Inc (LOPE)

Return on equity (ROE)

		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 stockholders’ equity	US$ in thousands	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	1,443,430	1,381,830	1,327,810	1,272,870
ROE		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%	17.96%	18.67%	17.60%	17.96%

December 31, 2023 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $204,985K ÷ $718,014K
= 28.55%

Grand Canyon Education Inc's return on equity (ROE) has demonstrated stability over the past eight quarters, ranging from a low of 28.24% in Q1 2023 to a high of 35.67% in Q3 2022. The company has consistently maintained ROE above 28%, indicating efficient utilization of equity to generate profits for shareholders. Although there was a slight decrease in ROE in the most recent quarter compared to the previous quarter, the overall trend suggests that Grand Canyon Education Inc has been effectively managing its assets and liabilities to generate returns for its investors. It is worth noting that the company's ROE remained relatively high across all quarters, reflecting a solid performance in terms of profitability and efficiency in utilizing shareholder equity.