Perdoceo Education Corp (PRDO)
Activity ratios
Short-term
Turnover ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 106.28 | 264.10 | 202.48 | 154.82 | 302.34 | 276.24 | 483.76 | 405.41 | 633.27 | 496.55 | 943.85 | 981.80 | 966.32 | 906.90 | 972.82 | 1,040.55 | 989.93 | 848.23 | 848.22 | 728.15 |
| Receivables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 11.45 | 20.62 | 21.76 | 19.81 |
| Payables turnover | 49.40 | 39.65 | 37.90 | 38.40 | 42.58 | 42.44 | 45.50 | 46.94 | 52.82 | 46.24 | 50.66 | 54.16 | 43.44 | 43.45 | 46.56 | 59.79 | 49.44 | 51.07 | 45.21 | 40.50 |
| Working capital turnover | 1.31 | 1.39 | 1.51 | 1.57 | 1.69 | 1.54 | 1.48 | 1.55 | 1.67 | 1.75 | 1.62 | 1.74 | 1.90 | 2.12 | 2.34 | 2.68 | 2.45 | 2.79 | 3.15 | 3.12 |
Perdoceo Education Corporation's activity ratios depict its efficiency in managing various aspects of its operations.
Inventory turnover ratio remained consistently at 0.00 across all quarters, indicating that the company did not effectively utilize its inventory during the periods under review.
The receivables turnover ratio fluctuated, with values ranging from 13.86 to 20.92. This demonstrates the company's effectiveness in collecting outstanding payments from customers. Higher values suggest faster collection of receivables, which is a positive indicator of the company's cash flow management.
The payables turnover ratio also remained at 0.00 in all quarters, suggesting that Perdoceo Education Corporation did not pay its suppliers during these periods or had quick payment cycles with no outstanding payables.
The working capital turnover ratio ranged from 1.31 to 1.69, showing how effectively the company managed its working capital to generate sales revenue. A higher turnover ratio indicates efficient utilization of working capital to support business operations.
Overall, Perdoceo Education Corporation's activity ratios highlight areas of strength and areas that may require further attention in terms of inventory management, accounts receivable collection, payables management, and working capital efficiency.
Average number of days
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | 3.43 | 1.38 | 1.80 | 2.36 | 1.21 | 1.32 | 0.75 | 0.90 | 0.58 | 0.74 | 0.39 | 0.37 | 0.38 | 0.40 | 0.38 | 0.35 | 0.37 | 0.43 | 0.43 | 0.50 |
| Days of sales outstanding (DSO) | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 31.89 | 17.70 | 16.77 | 18.43 |
| Number of days of payables | days | 7.39 | 9.21 | 9.63 | 9.50 | 8.57 | 8.60 | 8.02 | 7.78 | 6.91 | 7.89 | 7.21 | 6.74 | 8.40 | 8.40 | 7.84 | 6.10 | 7.38 | 7.15 | 8.07 | 9.01 |
Days of inventory on hand (DOH) data is missing, so we can't analyze inventory turnover. However, Days of Sales Outstanding (DSO) has fluctuated over the past eight quarters, ranging from 17.45 days to 26.34 days. This ratio measures how long it takes the company to collect revenue from credit sales, with lower numbers indicating faster collections. The trend in recent quarters indicates some variability in collection efficiency.
Additionally, the number of days of payables data is missing, preventing analysis of the company's payment terms and liquidity based on the payables turnover. It is essential to monitor both DSO and the number of days of payables to assess how effectively Perdoceo Education Corporation manages its working capital cycle and cash flow.
Long-term
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fixed asset turnover | 33.23 | 31.39 | 29.99 | 27.52 | 26.73 | 25.86 | 25.41 | 24.77 | 24.46 | 27.26 | 28.23 | 27.29 | 24.82 | 23.48 | 23.39 | 22.71 | 24.22 | 23.10 | 22.05 | 20.81 |
| Total asset turnover | 0.70 | 0.72 | 0.72 | 0.74 | 0.73 | 0.76 | 0.80 | 0.82 | 0.82 | 0.84 | 0.89 | 0.93 | 0.95 | 0.99 | 1.01 | 1.06 | 1.05 | 1.03 | 1.08 | 1.11 |
The fixed asset turnover ratio of Perdoceo Education Corporation has been steadily increasing over the last eight quarters, indicating that the company is generating more revenue relative to its investment in fixed assets. This suggests that the company is becoming more efficient in utilizing its fixed assets to generate sales.
On the other hand, the total asset turnover ratio has shown a decreasing trend over the same period. This indicates that the company's overall efficiency in generating sales from all its assets has been declining. It may imply that the company is not effectively utilizing its total assets to generate revenues.
Overall, while the company's efficiency in generating revenue from fixed assets has improved, there is a decline in its ability to generate revenue from all assets combined. This may warrant a closer examination of the company's asset management strategies to identify opportunities for improvement and better utilization of its resources.