Perdoceo Education Corp (PRDO)

Return on equity (ROE)

		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 stockholders’ equity	US$ in thousands	959,536	935,431	899,524	866,106	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
ROE		15.38%	14.25%	15.16%	17.62%	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%

December 31, 2024 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $147,590K ÷ $959,536K
= 15.38%

Perdoceo Education Corp's Return on Equity (ROE) has shown fluctuating trends over the periods presented in the data. The ROE was at a moderate level of 16.69% as of March 31, 2020, and gradually increased to reach its peak of 23.91% by September 30, 2020. Subsequently, the ROE saw some fluctuations but generally remained around the 20% mark until March 31, 2022.

From March 31, 2022, the ROE started to decline, dropping to 12.91% by March 31, 2023. This downward trend continued until June 30, 2023, with a notably low ROE of 15.16%. However, there was a slight recovery by December 31, 2023, where the ROE stood at 17.55%.

Throughout the latter half of 2024, the ROE fluctuated between 14.25% and 15.38%. It is important to further investigate the reasons behind these fluctuations to understand the company's performance better and the factors impacting its return on equity.