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Grand Canyon Education inc   (LOPE)
Other Ticker:  
 
    Sector  Services    Industry Educational Services
   Industry Educational Services
   Sector  Services

Grand Canyon Education Inc 's Working Capital Ratio

LOPE's quarterly Working Capital Ratio and Current Assets, Current Liabilities growth


Grand Canyon Education Inc 's Current Assets grew by 22.85 % in the IV Quarter 2023 sequentially, while Current Liabilities decreased, this led to improvement in Grand Canyon Education Inc 's Working Capital Ratio to 3.48, above Grand Canyon Education inc average Working Capital Ratio.

Within Educational Services industry 4 other companies have achieved higher Working Capital Ratio than Grand Canyon Education Inc in forth quarter 2023. While Working Capital Ratio total ranking has improved so far during the IV Quarter 2023 to 536, from total ranking in the third quarter 2023 at 1642.

Explain Working Capital Ratio
How much in Current Assets LOPE´s has?
What is the value of LOPE´s Current Liabilities?


LOPE Working Capital Ratio (Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
Y / Y Current Liabilities Change -2.68 % 4.11 % -3.15 % -9.84 % 1.8 %
Y / Y Current Assets Change 23.51 % 23.07 % 11.89 % -16.95 % -59.87 %
Working Capital Ratio MRQ 3.48 2.76 2.78 2.64 2.74
LOPE's Total Ranking # 536 # 1642 # 1086 # 1745 # 845
Seq. Current Liabilities Change -2.49 % -0.93 % -16.05 % 20 % 4.31 %
Seq. Current Assets Change 22.85 % -1.72 % -11.5 % 15.59 % 22.42 %



Working Capital Ratio forth quarter 2023 Company Ranking
Within: No.
Educational Services Industry # 5
Services Sector # 40
Overall Market # 536


Working Capital Ratio Statistics
High Average Low
15.13 2.15 0.85
(Jun 30 2018)   (Sep 30 2021)




Financial Statements
Grand Canyon Education Inc 's Current Liabilities $ 97 Millions Visit LOPE's Balance sheet
Grand Canyon Education Inc 's Current Assets $ 338 Millions Visit LOPE's Balance sheet
Source of LOPE's Sales Visit LOPE's Sales by Geography


Cumulative Grand Canyon Education Inc 's Working Capital Ratio

LOPE's Working Capital Ratio for the trailling 12 Months

LOPE Working Capital Ratio

(Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
Y / Y Current Liabilities TTM Growth -2.68 % 4.11 % -3.15 % -9.84 % 1.8 %
Y / Y Current Assets TTM Growth 23.51 % 23.07 % 11.89 % -16.95 % -59.87 %
Working Capital Ratio TTM 2.9 2.73 2.63 2.54 2.61
Total Ranking TTM # 2370 # 1279 # 2304 # 4090 # 267
Seq. Current Liabilities TTM Growth -2.49 % -0.93 % -16.05 % 20 % 4.31 %
Seq. Current Assets TTM Growth 22.85 % -1.72 % -11.5 % 15.59 % 22.42 %


On the trailing twelve months basis LOPE Current Assets grew by 23.51 % in IV Quarter 2023 year on year, while Current Liabilities decreased to $97 millions, this led to increase in in Grand Canyon Education Inc 's Working Capital Ratio to 2.9, above LOPE average Working Capital Ratio.
Working Capital Ratio is the average cumulative value over the last four quarters.

Among companies operating within Educational Services industry 12 other companies have achieved higher Working Capital Ratio than Grand Canyon Education Inc . While Working Capital Ratio total ranking has deteriorated compared to the previous twelve months ending in the third quarter 2023 from 1279 to 2370.

Explain Working Capital Ratio
How much in Current Assets LOPE´s has?
What is the value of LOPE´s Current Liabilities?

TTM Working Capital Ratio Company Ranking
Within: No.
Within the Educational Services Industry # 13
Services Sector # 344
Within the Market # 2370


trailing twelve months Working Capital Ratio Statistics
High Average Low
4.21 1.96 0.94
(Mar 31 2019)   (Dec 31 2016)




Companies with similar Working Capital Ratio in the quarter ending Dec 31 2023, within Educational Services Industry Working Capital RatioDec 31 2023 MRQ Current AssetsDec 31 2023 MRQ Current Liabilities
Pcs Edventures Inc   8.05 $ 4.950  Millions$ 0.615  Millions
Nerdy Inc   6.28 $ 95.037  Millions$ 15.125  Millions
Stride Inc   4.52 $ 1,088.872  Millions$ 240.902  Millions
Exceed World Inc   3.85 $ 21.833  Millions$ 5.666  Millions
Grand Canyon Education inc   3.48 $ 337.522  Millions$ 97.033  Millions
Boxlight Corporation  2.17 $ 100.378  Millions$ 46.232  Millions
Udemy Inc   1.66 $ 632.328  Millions$ 380.132  Millions
Graham Holdings Co  1.50 $ 1,849.296  Millions$ 1,229.679  Millions
Mynd ai Inc   1.27 $ 226.172  Millions$ 178.562  Millions
Universal Technical Institute Inc  1.09 $ 197.442  Millions$ 181.935  Millions
Adtalem Global Education inc   1.03 $ 378.099  Millions$ 366.977  Millions
Chegg Inc   0.90 $ 414.835  Millions$ 463.126  Millions

Date modified: 2024-02-16T22:16:33+00:00



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