Stride Inc (LRN)
Operating return on assets (Operating ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 249,600 | 229,868 | 213,754 | 197,538 | 165,499 | 157,649 | 146,044 | 134,886 | 156,628 | 131,919 | 109,878 | 91,415 | 110,456 | 96,110 | 72,056 | 63,909 | 32,457 | 28,097 | 36,865 | 39,850 |
| 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 |
| Operating ROA | 13.00% | 12.15% | 11.99% | 11.18% | 9.40% | 9.27% | 9.02% | 8.32% | 9.53% | 8.38% | 7.20% | 5.82% | 7.00% | 6.26% | 4.90% | 4.55% | 3.02% | 2.71% | 4.46% | 4.90% |
June 30, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $249,600K ÷ $1,920,460K
= 13.00%
Operating ROA measures how efficiently a company generates operating income relative to its total assets. Stride Inc's operating ROA has shown a positive trend over the past few quarters, with a notable increase from 7.20% in Q1 2022 to 13.00% in Q2 2024. This indicates that the company has been able to improve its operational efficiency and profitability in utilizing its assets.
The increasing trend in operating ROA suggests that Stride Inc has been able to enhance its operational performance and generate higher returns from its assets. This could be due to improved cost management, increased productivity, or higher revenue generation. A higher operating ROA is generally considered a positive indicator of a company's financial health and performance.
It is important for Stride Inc to sustain and potentially improve its operating ROA over time to continue maximizing its profitability and efficiently utilizing its assets. Monitoring this ratio consistently can help assess the company's operational efficiency and effectiveness in generating returns for its investors.
Peer comparison
Jun 30, 2024