Perdoceo Education Corp (PRDO)

Return on assets (ROA)

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net income	US$ in thousands	147,590	147,652	95,867	109,637	124,264
Total assets	US$ in thousands	1,237,030	1,007,320	957,368	847,433	721,517
ROA		11.93%	14.66%	10.01%	12.94%	17.22%

December 31, 2024 calculation

ROA = Net income ÷ Total assets
= $147,590K ÷ $1,237,030K
= 11.93%

The Return on Assets (ROA) for Perdoceo Education Corp has shown fluctuations over the years based on the provided data.

- As of December 31, 2020, the ROA was 17.22%. This indicates that the company generated a return of 17.22% on its assets during that period, reflecting efficient asset utilization.

- By December 31, 2021, the ROA decreased to 12.94%, suggesting a decline in the company's ability to generate profits from its assets compared to the previous year.

- The ROA further decreased to 10.01% by December 31, 2022, signaling continued challenges in optimizing asset performance and profitability.

- However, the trend reversed by December 31, 2023, with the ROA increasing to 14.66%, indicating improved asset efficiency and profitability.

- Subsequently, by December 31, 2024, the ROA decreased again to 11.93%, showing some volatility in the company's ability to generate returns on its assets.

Overall, the ROA fluctuated over the years, indicating varying levels of asset efficiency and profitability for Perdoceo Education Corp. It is essential for the company to focus on effectively managing its assets to sustain and improve its financial performance in the future.