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.
Peer comparison
Dec 31, 2023