Stride Inc (LRN)

Operating return on assets (Operating ROA)

		Jun 30, 2025	Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021
Operating income	US$ in thousands	360,094	249,600	165,499	156,628	110,456
Total assets	US$ in thousands	2,293,960	1,920,460	1,760,670	1,643,540	1,577,300
Operating ROA		15.70%	13.00%	9.40%	9.53%	7.00%

June 30, 2025 calculation

Operating ROA = Operating income ÷ Total assets
= $360,094K ÷ $2,293,960K
= 15.70%

The operating return on assets (ROA) for Stride Inc. demonstrates a consistent upward trend over the analyzed period from June 30, 2021, to June 30, 2025. In the fiscal year ending June 30, 2021, the operating ROA was approximately 7.00%, indicating the company's efficiency in generating operating income relative to its assets during this period. By June 30, 2022, this ratio increased to approximately 9.53%, reflecting improved operational efficiency or better asset utilization.

The upward trajectory continued into the subsequent year, with the operating ROA reaching approximately 9.40% by June 30, 2023, suggesting a stabilization or slight decline compared to the previous year but remaining higher than the 2021 level. The fiscal year ending June 30, 2024, marked a significant increase in operating ROA to approximately 13.00%, signifying substantial improvement in the company's ability to generate operating income from its assets. This positive movement persisted, with the ratio climbing further to approximately 15.70% by June 30, 2025, indicating a strong enhancement in operational efficiency or asset productivity.

Overall, the data reflects a progressively stronger operating performance, with the operating ROA nearly more than doubling from 7.00% in 2021 to 15.70% in 2025. This trend suggests that Stride Inc. has been increasingly effective at converting its assets into operating income, likely due to operational improvements, strategic management, or favorable market conditions over the period.