Perdoceo Non Currrent Assets Other vs Total Stockholder Equity Analysis

PRDO Stock  USD 27.62  0.09  0.33%   
Perdoceo Education financial indicator trend analysis is much more than just breaking down Perdoceo Education Corp prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Perdoceo Education Corp is a good investment. Please check the relationship between Perdoceo Education Non Currrent Assets Other and its Total Stockholder Equity accounts. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Perdoceo Education Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

Non Currrent Assets Other vs Total Stockholder Equity

Non Currrent Assets Other vs Total Stockholder Equity Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Perdoceo Education Corp Non Currrent Assets Other account and Total Stockholder Equity. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Perdoceo Education's Non Currrent Assets Other and Total Stockholder Equity is 0.13. Overlapping area represents the amount of variation of Non Currrent Assets Other that can explain the historical movement of Total Stockholder Equity in the same time period over historical financial statements of Perdoceo Education Corp, assuming nothing else is changed. The correlation between historical values of Perdoceo Education's Non Currrent Assets Other and Total Stockholder Equity is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Non Currrent Assets Other of Perdoceo Education Corp are associated (or correlated) with its Total Stockholder Equity. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Stockholder Equity has no effect on the direction of Non Currrent Assets Other i.e., Perdoceo Education's Non Currrent Assets Other and Total Stockholder Equity go up and down completely randomly.

Correlation Coefficient

0.13
Relationship DirectionPositive 
Relationship StrengthInsignificant

Non Currrent Assets Other

Assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents.

Total Stockholder Equity

The total equity held by shareholders, calculated as the difference between a company's total assets and total liabilities. It represents the net value of the company owned by shareholders.
Most indicators from Perdoceo Education's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Perdoceo Education Corp current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Perdoceo Education Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.
At this time, Perdoceo Education's Selling General Administrative is very stable compared to the past year. As of the 12th of December 2024, Tax Provision is likely to grow to about 46.7 M, while Discontinued Operations is likely to drop (20.5 K).
 2021 2022 2023 2024 (projected)
Gross Profit584.3M578.5M579.7M764.3M
Total Revenue693.0M695.2M710.0M1.1B

Perdoceo Education fundamental ratios Correlations

-0.450.630.740.930.66-0.690.790.710.710.910.240.780.750.430.650.770.670.530.750.92-0.130.750.570.590.85
-0.45-0.43-0.31-0.39-0.280.54-0.37-0.43-0.44-0.32-0.07-0.42-0.29-0.13-0.44-0.51-0.45-0.21-0.38-0.480.31-0.35-0.24-0.25-0.38
0.63-0.430.710.460.56-0.290.390.740.360.610.170.310.60.220.60.60.40.260.690.56-0.460.510.260.230.66
0.74-0.310.710.450.84-0.610.270.940.610.880.290.230.750.310.870.850.160.460.970.530.220.620.450.320.84
0.93-0.390.460.450.4-0.560.870.420.590.730.130.940.580.470.340.520.790.510.440.95-0.260.630.560.670.65
0.66-0.280.560.840.4-0.670.280.910.680.830.540.210.760.290.920.850.220.220.870.460.080.760.140.030.86
-0.690.54-0.29-0.61-0.56-0.67-0.41-0.6-0.96-0.62-0.42-0.55-0.7-0.35-0.67-0.64-0.39-0.39-0.64-0.66-0.14-0.6-0.38-0.33-0.71
0.79-0.370.390.270.870.28-0.410.280.510.590.160.770.390.020.320.50.860.090.360.77-0.420.710.190.320.6
0.71-0.430.740.940.420.91-0.60.280.590.860.360.20.750.310.920.90.220.370.950.490.020.650.320.20.85
0.71-0.440.360.610.590.68-0.960.510.590.620.450.560.770.250.690.630.450.30.650.690.040.650.310.270.74
0.91-0.320.610.880.730.83-0.620.590.860.620.240.50.70.40.790.870.480.450.870.690.050.790.440.390.92
0.24-0.070.170.290.130.54-0.420.160.360.450.240.050.390.030.450.46-0.04-0.010.360.19-0.040.28-0.04-0.070.34
0.78-0.420.310.230.940.21-0.550.770.20.560.50.050.490.490.150.30.760.480.210.94-0.270.480.530.670.44
0.75-0.290.60.750.580.76-0.70.390.750.770.70.390.490.440.740.640.280.510.760.70.00.560.490.410.72
0.43-0.130.220.310.470.29-0.350.020.310.250.40.030.490.440.060.10.160.850.180.480.03-0.010.740.70.27
0.65-0.440.60.870.340.92-0.670.320.920.690.790.450.150.740.060.910.220.140.940.430.110.740.120.00.83
0.77-0.510.60.850.520.85-0.640.50.90.630.870.460.30.640.10.910.30.220.910.550.060.760.240.190.84
0.67-0.450.40.160.790.22-0.390.860.220.450.48-0.040.760.280.160.220.30.080.220.71-0.580.660.110.220.57
0.53-0.210.260.460.510.22-0.390.090.370.30.45-0.010.480.510.850.140.220.080.360.540.23-0.070.980.910.28
0.75-0.380.690.970.440.87-0.640.360.950.650.870.360.210.760.180.940.910.220.360.510.160.680.360.230.87
0.92-0.480.560.530.950.46-0.660.770.490.690.690.190.940.70.480.430.550.710.540.51-0.230.620.590.670.66
-0.130.31-0.460.22-0.260.08-0.14-0.420.020.040.05-0.04-0.270.00.030.110.06-0.580.230.16-0.23-0.190.240.13-0.11
0.75-0.350.510.620.630.76-0.60.710.650.650.790.280.480.56-0.010.740.760.66-0.070.680.62-0.19-0.06-0.050.88
0.57-0.240.260.450.560.14-0.380.190.320.310.44-0.040.530.490.740.120.240.110.980.360.590.24-0.060.970.26
0.59-0.250.230.320.670.03-0.330.320.20.270.39-0.070.670.410.70.00.190.220.910.230.670.13-0.050.970.19
0.85-0.380.660.840.650.86-0.710.60.850.740.920.340.440.720.270.830.840.570.280.870.66-0.110.880.260.19
Click cells to compare fundamentals

Perdoceo Education Account Relationship Matchups

Perdoceo Education fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets599.1M721.5M847.4M957.4M1.0B945.8M
Other Current Liab55.8M47.4M54.3M82.2M62.7M67.8M
Total Current Liabilities103.8M103.8M140.2M163.4M111.0M166.3M
Total Stockholder Equity431.3M555.9M650.1M725.8M841.4M621.4M
Property Plant And Equipment Net76.4M72.5M65.0M52.2M40.5M38.4M
Net Debt(44.5M)(52.5M)(275.0M)(75.6M)(91.0M)(95.5M)
Retained Earnings18.1M142.3M252.0M347.8M480.6M504.6M
Accounts Payable11.5M13.3M10.8M13.5M10.8M17.6M
Cash108.7M105.7M320.0M109.4M118.0M159.8M
Non Current Assets Total238.8M254.5M293.0M382.2M352.4M369.9M
Non Currrent Assets Other5.7M6.4M6.7M(110.5M)9.5M8.2M
Cash And Short Term Investments294.2M406.4M494.2M508.7M603.1M317.1M
Net Receivables56.4M47.6M44.7M46.0M33.9M41.8M
Common Stock Shares Outstanding72.1M71.3M70.9M69.0M67.8M62.2M
Liabilities And Stockholders Equity599.1M721.5M847.4M957.4M1.0B945.8M
Non Current Liabilities Total64.0M61.8M57.1M68.1M54.9M95.8M
Inventory576K596K904K1.9M5.0M5.6M
Other Current Assets1.9M12.6M14.6M18.5M12.9M13.5M
Other Stockholder Equity412.0M412.3M397.3M382.6M360.6M357.0M
Total Liab167.9M165.6M197.3M231.5M165.9M324.4M
Total Current Assets360.4M467.1M554.5M575.1M655.0M437.1M
Accumulated Other Comprehensive Income344K364K(96K)(5.4M)(666K)(632.7K)
Short Term Debt11.8M19.6M18.8M13.1M11.4M10.8M
Common Stock860K873K887K894K903K948.2K
Common Stock Total Equity860K873K887K894K1.0M876.3K
Current Deferred Revenue24.6M34.5M70.6M71.6M37.2M70.3M
Short Term Investments185.5M300.7M174.2M399.3M485.1M509.4M
Net Tangible Assets336.0M422.1M455.3M428.7M385.9M273.8M
Retained Earnings Total Equity18.1M142.3M252.0M347.8M313.1M328.7M
Capital Surpluse639.3M658.4M674.2M684.2M786.8M685.5M
Treasury Stock(227.3M)(246.1M)(276.9M)(301.6M)(271.5M)(285.0M)
Non Current Liabilities Other64.0M61.8M57.1M40.9M33.5M39.1M
Property Plant Equipment26.0M27.8M28.4M26.0M23.4M22.3M

Pair Trading with Perdoceo Education

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Perdoceo Education position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Perdoceo Education will appreciate offsetting losses from the drop in the long position's value.

Moving against Perdoceo Stock

  0.68WAFU Wah Fu EducationPairCorr
  0.67YQ 17 Education TechnologyPairCorr
  0.67VSTA Vasta PlatformPairCorr
  0.63GOTU Gaotu Techedu DRCPairCorr
  0.6LXEH Lixiang Education HoldingPairCorr
The ability to find closely correlated positions to Perdoceo Education could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Perdoceo Education when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Perdoceo Education - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Perdoceo Education Corp to buy it.
The correlation of Perdoceo Education is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Perdoceo Education moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Perdoceo Education Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Perdoceo Education can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether Perdoceo Education Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Perdoceo Education's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Perdoceo Education Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Perdoceo Education Corp Stock:
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Perdoceo Education Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in unemployment.
You can also try the Portfolio Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.
Is Diversified Consumer Services space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Perdoceo Education. If investors know Perdoceo will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Perdoceo Education listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.08)
Dividend Share
0.11
Earnings Share
1.99
Revenue Per Share
9.948
Quarterly Revenue Growth
(0.06)
The market value of Perdoceo Education Corp is measured differently than its book value, which is the value of Perdoceo that is recorded on the company's balance sheet. Investors also form their own opinion of Perdoceo Education's value that differs from its market value or its book value, called intrinsic value, which is Perdoceo Education's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Perdoceo Education's market value can be influenced by many factors that don't directly affect Perdoceo Education's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Perdoceo Education's value and its price as these two are different measures arrived at by different means. Investors typically determine if Perdoceo Education is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Perdoceo Education's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.