Perdoceo Education Corp (PRDO)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 200,352 | 120,247 | 120,998 | 113,582 | 61,518 |
| Revenue | US$ in thousands | 732,186 | 695,895 | 693,473 | 689,494 | 631,716 |
| Gross profit margin | 27.36% | 17.28% | 17.45% | 16.47% | 9.74% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $200,352K ÷ $732,186K
= 27.36%
Based on the data provided, Perdoceo Education Corporation has consistently maintained a gross profit margin of 100% from 2019 to 2023. A gross profit margin of 100% indicates that the company is able to effectively control its production costs and generate a significant markup on its products or services. This high level of gross profit margin suggests that Perdoceo Education Corporation is operating efficiently and effectively in managing its direct costs related to production. Maintaining a 100% gross profit margin over multiple years is indicative of strong operational performance and effective cost management strategies within the organization.
Peer comparison
Dec 31, 2023