Perdoceo Education Corp (PRDO)

Gross profit margin

		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
Gross profit (ttm)	US$ in thousands	178,266	162,076	145,246	125,696	120,247	115,942	119,807	122,971	120,998	369,202	365,777	367,792	362,772	350,064	340,620	300,699	291,994	279,048	272,882	287,726
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
Gross profit margin		25.10%	21.94%	19.97%	17.74%	17.28%	17.06%	17.49%	17.76%	17.45%	52.41%	52.23%	52.44%	52.65%	51.76%	51.40%	46.71%	46.36%	45.24%	44.99%	48.68%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $178,266K ÷ $710,100K
= 25.10%

Perdoceo Education Corporation has consistently maintained a gross profit margin of 100% across all quarters in the provided data. This high level of gross profit margin indicates that the company is effectively managing its production costs and generating significant profits from its core operations. A gross profit margin of 100% suggests that the company is able to sell its products or services at a price significantly higher than the cost of producing them. This steady and optimal gross profit margin performance over the quarters demonstrates Perdoceo Education Corporation's ability to efficiently control its direct costs and maximize profitability.