Perdoceo Education Corp (PRDO)

Fixed asset turnover

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	US$ in thousands	681,263	710,004	695,208	693,034	687,314
Property, plant and equipment	US$ in thousands	—	—	26,038	28,355	27,761
Fixed asset turnover		—	—	26.70	24.44	24.76

December 31, 2024 calculation

Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $681,263K ÷ $—K
= —

Fixed asset turnover measures how efficiently a company is utilizing its fixed assets to generate revenue. In the case of Perdoceo Education Corp, the trend in fixed asset turnover has been relatively stable and high over the past few years.

The ratio was 24.76 in December 31, 2020, indicating that the company generated $24.76 in revenue for every dollar invested in fixed assets. This ratio slightly decreased to 24.44 by December 31, 2021, but remained at a high level overall.

By December 31, 2022, the fixed asset turnover ratio improved to 26.70, suggesting a more efficient utilization of fixed assets to generate revenue. However, it's worth noting that the data for December 31, 2023 and 2024 is missing, which limits the ability to assess the trend over a longer period.

Overall, Perdoceo Education Corp has demonstrated a strong ability to generate revenue relative to its investment in fixed assets, indicating efficient operational performance in utilizing its long-term assets. It will be important to monitor future data to assess the sustainability of this efficiency.