Perdoceo Education Corp (PRDO)

Operating return on assets (Operating ROA)

		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
Operating income (ttm)	US$ in thousands	150,446	157,177	143,428	129,280	129,637	141,539	150,076	152,092	149,016	150,629	144,842	146,248	142,934	138,758	130,978	93,794	86,462	74,632	69,621	80,740
Total assets	US$ in thousands	1,007,320	1,026,030	1,013,670	963,012	957,368	899,203	856,061	843,827	847,433	836,419	786,419	750,365	721,517	683,751	655,099	606,526	599,146	598,807	561,799	530,156
Operating ROA		14.94%	15.32%	14.15%	13.42%	13.54%	15.74%	17.53%	18.02%	17.58%	18.01%	18.42%	19.49%	19.81%	20.29%	19.99%	15.46%	14.43%	12.46%	12.39%	15.23%

December 31, 2023 calculation

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

Perdoceo Education Corporation's operating return on assets (operating ROA) has shown fluctuations over the past eight quarters. The Q4 2023 operating ROA of 16.35% decreased slightly compared to the prior quarter at 16.44% in Q3 2023. This decline follows a trend of varying performance, as the ratio ranged from 13.79% to 17.56% over the past two years. While the company's operating ROA has exhibited some volatility, it has generally remained above 13%, indicating a consistent ability to generate operating profits relative to its asset base. The recent decline in operating ROA from the previous quarter could be an area of focus for further analysis to understand the underlying factors driving this trend.