Perdoceo Education Corp (PRDO)

Net profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	147,652	95,867	109,637	124,264	69,982
Revenue	US$ in thousands	732,186	695,895	693,473	689,494	631,716
Net profit margin		20.17%	13.78%	15.81%	18.02%	11.08%

December 31, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $147,652K ÷ $732,186K
= 20.17%

The net profit margin of Perdoceo Education Corporation has shown some fluctuations over the past five years. In 2023, the net profit margin increased to 20.80%, marking a significant improvement compared to the previous year's 13.79%. This suggests that the company was able to generate more profit relative to its revenue in 2023.

When compared to 2021 and 2020 with net profit margins of 15.82% and 18.08% respectively, the 2023 figure indicates a notable recovery and improvement in profitability. However, it is lower than the net profit margin of 2019, which stood at 11.15%.

Overall, the upward trend in the net profit margin of Perdoceo Education Corporation from 2022 to 2023 indicates a positive financial performance in terms of profitability. It would be beneficial for the company to continue monitoring and improving its operational efficiency to sustain or further enhance its profitability levels in the future.