Stride Inc (LRN)

Gross profit margin

		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
Gross profit (ttm)	US$ in thousands	763,603	747,472	721,395	690,309	647,070	642,666	622,253	599,722	596,475	565,399	549,577	531,411	534,900	489,794	428,963	389,661	347,533	336,489	343,295	347,749
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
Gross profit margin		37.49%	37.60%	37.23%	36.51%	35.24%	35.57%	35.39%	35.08%	35.40%	34.78%	34.42%	33.97%	34.84%	34.77%	33.68%	33.75%	33.40%	32.69%	33.48%	34.00%

June 30, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $763,603K ÷ $2,036,610K
= 37.49%

The gross profit margin of Stride Inc has shown a general upward trend over the past few quarters, indicating an improvement in the company's ability to generate profits from its core operations. The margin has ranged between 32.69% to 37.60% over the past two years, with the most recent figure standing at 37.49% as of June 30, 2024.

This improvement suggests that the company may have been able to effectively manage its costs of goods sold and improve its pricing strategies. A higher gross profit margin is generally a positive indicator of a company's operational efficiency and profitability. However, it is important to monitor this ratio over time to ensure sustained performance and profitability in the future.