Perdoceo Education Corp (PRDO)

Total asset turnover

		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
Revenue (ttm)	US$ in thousands	710,100	738,611	727,380	708,577	695,895	679,743	684,837	692,577	693,473	704,470	700,359	701,320	689,033	676,325	662,738	643,733	629,803	616,857	606,556	591,042
Total assets	US$ in thousands	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	599,146	598,807	561,799	530,156
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

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $710,100K ÷ $1,007,320K
= 0.70

Perdoceo Education Corporation's total asset turnover has exhibited a decreasing trend throughout the current year, ranging from 0.70 in Q4 2023 to 0.74 in Q1 2023. The company's ability to generate sales revenue relative to its total assets has slightly declined over this period. Comparing to the previous year, the total asset turnover has also decreased gradually from 0.73 in Q4 2022 to 0.82 in Q1 2022. This indicates that Perdoceo Education Corporation is utilizing its assets less efficiently to generate sales revenue than it did in the previous year. Further analysis and exploration of operational and financial strategies may be required to address this declining trend in total asset turnover.