Perdoceo Education Corp (PRDO)

Return on equity (ROE)

		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 stockholders’ equity	US$ in thousands	841,421	725,845	650,110	555,907	431,295
ROE		17.55%	13.21%	16.86%	22.35%	16.23%

December 31, 2023 calculation

ROE = Net income ÷ Total stockholders’ equity
= $147,652K ÷ $841,421K
= 17.55%

Perdoceo Education Corporation's return on equity (ROE) has displayed some fluctuations over the past five years. The ROE for the most recent year, Dec 31, 2023, stands at 17.55%, showing an improvement compared to the previous year's ROE of 13.21% as of Dec 31, 2022. However, it is lower than the ROE reported on Dec 31, 2020, which was 22.35%.

Looking at the trend over the five-year period, Perdoceo Education Corporation has generally maintained a moderate to high level of ROE. The highest ROE was seen on Dec 31, 2020, at 22.35%, indicating strong profitability generated from shareholders' equity during that year. On the other hand, the lowest ROE in the period was recorded on Dec 31, 2019, at 16.23%.

Overall, Perdoceo Education Corporation's ROE has experienced some variability, but it has consistently reflected a respectable return on the shareholders' equity investment in the company. Further analysis of the underlying factors influencing the ROE fluctuations would provide deeper insights into the company's operational and financial performance.