Perdoceo Education Corp (PRDO)

Net 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
Net income (ttm)	US$ in thousands	147,652	146,419	127,179	98,273	95,867	104,378	110,080	110,962	109,637	112,222	124,393	125,911	124,264	124,729	103,023	74,297	69,982	56,537	53,160	62,470
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
Net profit margin		20.79%	19.82%	17.48%	13.87%	13.78%	15.36%	16.07%	16.02%	15.81%	15.93%	17.76%	17.95%	18.03%	18.44%	15.55%	11.54%	11.11%	9.17%	8.76%	10.57%

December 31, 2023 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $147,652K ÷ $710,100K
= 20.79%

Perdoceo Education Corporation's net profit margin has shown fluctuations over the past eight quarters. In Q4 2023, the net profit margin reached 20.80%, which represents the highest profitability during this period. This improvement compared to the previous quarter can be seen as a positive sign of efficient cost management and revenue generation.

Prior to Q4 2023, there was a general upward trend in net profit margin from Q1 2022 to Q3 2023, peaking at 19.83% in Q3 2023. However, there was a slight decrease in Q4 2022 compared to the previous quarter. This indicates that the company may have experienced challenges in maintaining profitability during that period.

Overall, Perdoceo Education Corporation's net profit margin has been relatively healthy, staying above 13% consistently over the past eight quarters. This level of profitability suggests the company is effectively managing its expenses and generating sufficient revenue to achieve a strong bottom line. Continued monitoring of the net profit margin will be important to assess the company's financial performance and sustainability in the future.