Perdoceo Education Corp (PRDO)

Return on assets (ROA)

		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
Total assets	US$ in thousands	1,007,320	957,368	847,433	721,517	599,146
ROA		14.66%	10.01%	12.94%	17.22%	11.68%

December 31, 2023 calculation

ROA = Net income ÷ Total assets
= $147,652K ÷ $1,007,320K
= 14.66%

Perdoceo Education Corporation's return on assets (ROA) has exhibited fluctuations over the past five years. The ROA was 14.66% in 2023, representing an increase from the previous year's 10.01%. This improvement suggests that the company generated more profit relative to its assets in 2023. However, when compared to the ROA of 2019 and 2020, which were 11.68% and 17.22% respectively, the current ROA remains within a reasonable range.

Overall, Perdoceo Education Corporation's ROA has demonstrated variability, with the company achieving a peak ROA in 2020. It is essential for stakeholders to closely monitor future ROA trends to assess the company's efficiency in generating profits from its assets.