Perdoceo Education Corp (PRDO)

Return on equity (ROE)

		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 stockholders’ equity	US$ in thousands	841,421	829,659	792,432	761,172	725,845	706,222	692,760	678,380	650,110	645,385	613,612	588,345	555,907	521,671	478,684	445,143	431,295	401,944	381,248	380,322
ROE		17.55%	17.65%	16.05%	12.91%	13.21%	14.78%	15.89%	16.36%	16.86%	17.39%	20.27%	21.40%	22.35%	23.91%	21.52%	16.69%	16.23%	14.07%	13.94%	16.43%

December 31, 2023 calculation

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

Perdoceo Education Corporation's return on equity (ROE) has shown variability over the past eight quarters. ROE measures the company's efficiency in generating profits from shareholders' equity.

In Q4 2023, the ROE was 17.55%, slightly lower than the previous quarter's ROE of 17.65%. This indicates that the company's profitability relative to its equity improved marginally.

Comparing the current ROE with the figures from earlier quarters, we observe a general upward trend since Q1 2023, where the ROE was 12.91%, showing a steady improvement in the company's ability to generate returns for shareholders.

However, Q2 2023 had a dip to 16.05%, followed by recovery in Q3 and Q4. Overall, the ROE has exhibited fluctuations but remains relatively stable above 13%, with recent quarters reflecting improved performance.

It is essential for stakeholders to continue monitoring Perdoceo Education Corporation's ROE to assess the company's profitability and effectiveness in utilizing shareholders' equity.