Perdoceo Education Corp (PRDO)

Fixed asset turnover

		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
Revenue (ttm)	US$ in thousands	681,263	652,751	662,846	682,670	710,004	738,230	726,727	707,847	695,208	678,922	684,500	692,355	693,034	704,334	699,462	699,958	687,314	674,606	660,439	640,845
Property, plant and equipment	US$ in thousands	—	—	—	—	—	—	47,362	25,752	26,038	26,290	59,395	27,956	28,355	25,838	65,628	25,696	27,761	75,858	28,335	28,349
Fixed asset turnover		—	—	—	—	—	—	15.34	27.49	26.70	25.82	11.52	24.77	24.44	27.26	10.66	27.24	24.76	8.89	23.31	22.61

December 31, 2024 calculation

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

Fixed asset turnover is a financial ratio that measures a company's efficiency in generating sales revenue from its investment in fixed assets. Perdoceo Education Corp's fixed asset turnover has exhibited some fluctuations over the years based on the provided data.

From March 31, 2020, to June 30, 2021, the fixed asset turnover showed a generally increasing trend, indicating that the company was generating more revenue per dollar invested in fixed assets during this period. This improvement suggests that Perdoceo was effectively utilizing its fixed assets to drive sales.

However, from June 30, 2021, to June 30, 2023, the fixed asset turnover ratio experienced significant fluctuations and a noticeable decline. The value dropped to a low of 10.66 on June 30, 2021, before rebounding and reaching a peak of 27.49 on March 31, 2023. Such fluctuations may indicate changes in the company's capital structure or operational efficiency affecting its ability to generate sales from its fixed assets.

The ratio remained relatively stable between March 31, 2023, and June 30, 2023, but there is missing data for the subsequent periods, making it challenging to assess the most recent performance.

Overall, the trend in Perdoceo Education Corp's fixed asset turnover reflects fluctuations in how efficiently the company generates sales from its fixed assets. Investors and analysts may want to monitor these fluctuations closely to evaluate the company's operational efficiency and performance over time.