Stride Inc (LRN)

Fixed asset turnover

		Jun 30, 2025	Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021
Revenue	US$ in thousands	2,405,320	2,040,070	1,837,360	1,686,670	1,536,760
Property, plant and equipment	US$ in thousands	—	105,359	52,332	61,537	166,740
Fixed asset turnover		—	19.36	35.11	27.41	9.22

June 30, 2025 calculation

Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $2,405,320K ÷ $—K
= —

The fixed asset turnover ratio for Stride Inc. demonstrates notable fluctuations over the analyzed period. As of June 30, 2021, the ratio was 9.22, indicating the company generated approximately $9.22 in revenue for every dollar invested in fixed assets. This ratio increased substantially by June 30, 2022, reaching 27.41, which reflects a more efficient utilization of fixed assets in generating sales. The upward trend persisted into June 30, 2023, with the ratio further ascending to 35.11, suggesting continued improvements in asset efficiency and possibly enhanced operational performance or strategic investments that optimized fixed asset usage.

However, a decline is observed by June 30, 2024, where the ratio decreased to 19.36. This reduction may indicate a period of reduced asset utilization efficiency or increased fixed asset investments not yet translating into proportionate revenue increases. The data for June 30, 2025, is unavailable, which precludes any further trend analysis or conclusions for that fiscal year.

Overall, the pattern reflects a significant improvement in fixed asset efficiency from 2021 to 2023, followed by a notable decline in 2024. These shifts suggest that Stride Inc. experienced a phase of optimizing or restructuring its asset base, with potential implications for operational efficiency and future growth prospects.