Perdoceo Education Corp (PRDO)

Return on assets (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
Net income (ttm)	US$ in thousands	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	69,982	56,537	53,160	62,470
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
ROA		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%	11.68%	9.44%	9.46%	11.78%

December 31, 2023 calculation

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

Perdoceo Education Corporation's return on assets (ROA) has shown a positive trend over the past eight quarters. The ROA increased steadily from Q1 2022 to Q4 2023, indicating an improvement in the company's ability to generate profit relative to its total assets.

The ROA was at the highest level in Q4 2023 at 14.66%, compared to the lowest level in Q1 2023 at 10.20%. This demonstrates an upward trajectory in the company's efficiency in utilizing its assets to generate earnings.

Overall, the consistent improvement in ROA suggests that Perdoceo Education Corporation has been effectively managing its assets to generate increasing returns for its shareholders over the analyzed period.