Perdoceo Education Corp (PRDO)

Operating return on assets (Operating ROA)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating income	US$ in thousands	150,446	129,637	149,016	142,934	86,462
Total assets	US$ in thousands	1,007,320	957,368	847,433	721,517	599,146
Operating ROA		14.94%	13.54%	17.58%	19.81%	14.43%

December 31, 2023 calculation

Operating ROA = Operating income ÷ Total assets
= $150,446K ÷ $1,007,320K
= 14.94%

Perdoceo Education Corporation's operating return on assets (operating ROA) has fluctuated over the past five years, ranging from 13.85% to 19.90%. In 2023, the operating ROA was 16.35%, indicating that for each dollar of assets employed in the company's operations, it generated a return of 16.35 cents.

The trend shows a slight increase from 2022 to 2023, although it remains below the peak achieved in 2020. This suggests that the company may have improved its operational efficiency in generating profits from its assets in the most recent year. However, it should be noted that the operating ROA is subject to various internal and external factors that can influence its performance, such as changes in the industry landscape, operational effectiveness, and economic conditions.

Further analysis and comparison with industry benchmarks and competitors' performance would provide additional insights into Perdoceo Education Corporation's operating ROA and its relative efficiency in utilizing its assets to generate profits.