Perdoceo Education Corp (PRDO)

Return on assets (ROA)

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Net income (ttm)	US$ in thousands	147,590	133,314	136,366	152,610	147,652	146,419	127,179	98,273	95,867	104,378	110,080	110,962	109,637	112,222	124,393	125,911	124,264	124,729	103,023	74,297
Total assets	US$ in thousands	1,237,030	1,116,760	1,078,240	1,051,960	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
ROA		11.93%	11.94%	12.65%	14.51%	14.66%	14.27%	12.55%	10.20%	10.01%	11.61%	12.86%	13.15%	12.94%	13.42%	15.82%	16.78%	17.22%	18.24%	15.73%	12.25%

December 31, 2024 calculation

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

Perdoceo Education Corp's return on assets (ROA) is a key financial metric that indicates the company's efficiency in generating profits from its assets. Analyzing the provided ROA data from March 31, 2020, to December 31, 2024, we observe fluctuations in the ROA figures over time.

The ROA increased from 12.25% on March 31, 2020, to a peak of 18.24% on September 30, 2020, demonstrating an improving trend in the company's ability to generate profits relative to its assets. However, the ROA fluctuated between 15.82% and 10.01% during the subsequent quarters, indicating some variability in the company's asset efficiency.

Overall, the ROA stabilized around 12% to 14% from March 31, 2023, to December 31, 2024, suggesting that Perdoceo Education Corp has maintained a moderate level of profitability relative to its asset base during this period. It is important for the company to monitor its ROA closely to ensure that it continues to effectively utilize its assets to drive profitability and sustainable growth in the future.