Stride Inc (LRN)

Total asset turnover

		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	Dec 31, 2019	Sep 30, 2019
Revenue (ttm)	US$ in thousands	2,036,610	1,987,713	1,937,438	1,890,964	1,836,068	1,806,731	1,758,305	1,709,439	1,684,896	1,625,762	1,596,760	1,564,135	1,535,397	1,408,686	1,273,532	1,154,604	1,040,639	1,029,236	1,025,395	1,022,758
Total assets	US$ in thousands	1,920,460	1,892,210	1,782,200	1,767,640	1,760,670	1,699,850	1,619,290	1,622,100	1,643,540	1,574,530	1,525,740	1,570,360	1,577,300	1,534,170	1,471,950	1,404,480	1,073,260	1,036,000	826,950	813,497
Total asset turnover		1.06	1.05	1.09	1.07	1.04	1.06	1.09	1.05	1.03	1.03	1.05	1.00	0.97	0.92	0.87	0.82	0.97	0.99	1.24	1.26

June 30, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $2,036,610K ÷ $1,920,460K
= 1.06

The total asset turnover ratio for Stride Inc has fluctuated over the past few quarters, ranging from 0.82 to 1.26. A total asset turnover ratio of 1.00 or higher indicates that the company is generating a sufficient level of sales relative to its total assets.

In the most recent quarter, Jun 30, 2024, the total asset turnover ratio was 1.06, showing a slight increase from the previous quarter. This indicates that the company was able to generate $1.06 in revenue for every dollar of total assets it holds.

Over the trend observed, total asset turnover has generally been above 1.00, suggesting that Stride Inc has been efficient in utilizing its assets to generate revenue. However, there have been fluctuations in the ratio, which could be indicative of changes in the company's sales volume or asset base.

Overall, the trend in Stride Inc's total asset turnover indicates a relatively stable performance in utilizing its assets to generate sales, with occasional variations seen in the ratio over the quarters.