Stride Inc (LRN)

Total asset turnover

		Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020
Revenue	US$ in thousands	2,035,790	1,835,280	1,684,900	1,535,650	1,040,700
Total assets	US$ in thousands	1,920,460	1,760,670	1,643,540	1,577,300	1,073,260
Total asset turnover		1.06	1.04	1.03	0.97	0.97

June 30, 2024 calculation

Total asset turnover = Revenue ÷ Total assets
= $2,035,790K ÷ $1,920,460K
= 1.06

The total asset turnover ratio for Stride Inc has been steadily increasing over the past five years, indicating an improvement in the company's efficiency in generating sales from its total assets. In June 2024, the total asset turnover ratio reached 1.06, which means that the company generated $1.06 in sales for every $1 of total assets.

This improvement suggests that Stride Inc has been able to utilize its assets more effectively to generate revenue, potentially through better inventory management, asset utilization, or sales strategies. A higher total asset turnover ratio is generally favorable as it signifies a more efficient use of company resources to generate sales.

Overall, the increasing trend in total asset turnover for Stride Inc indicates a positive sign of operational efficiency and effective management of assets to drive revenue growth over the past five years.