Perdoceo Education Corp (PRDO)

Total 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
Total assets	US$ in thousands	1,237,030	1,116,760	1,078,240	1,051,960	1,007,320	1,026,030	1,013,670	963,012	957,368	899,203	856,061	843,827	847,433	836,419	786,419	750,365	721,517	683,751	655,099	606,526
Total asset turnover		0.55	0.58	0.61	0.65	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

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $681,263K ÷ $1,237,030K
= 0.55

Perdoceo Education Corp's total asset turnover has been showing a decreasing trend over the past several quarters, starting at 1.06 in March 2020 and declining to 0.55 by December 2024. This indicates that the company's ability to generate revenue from its assets has weakened over time. A decreasing total asset turnover may suggest inefficiency in asset utilization or declining sales relative to the size of the asset base. It could also point to potential issues with inventory management, accounts receivable collection, or overall operational inefficiencies. Further analysis of the company's operations and financial performance is recommended to understand the underlying reasons for the declining total asset turnover and to identify potential areas for improvement.