Stride Inc (LRN)

Return on assets (ROA)

		Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020
Net income	US$ in thousands	204,183	126,867	107,130	71,451	24,506
Total assets	US$ in thousands	1,920,460	1,760,670	1,643,540	1,577,300	1,073,260
ROA		10.63%	7.21%	6.52%	4.53%	2.28%

June 30, 2024 calculation

ROA = Net income ÷ Total assets
= $204,183K ÷ $1,920,460K
= 10.63%

The return on assets (ROA) for Stride Inc has been trending positively over the past five years, indicating an improvement in the company's efficiency in generating profits from its assets.

The ROA increased from 2.28% in 2020 to 10.63% in 2024, reflecting a significant enhancement in the company's ability to utilize its assets to generate profits. This upward trend suggests that Stride Inc has been able to become more productive and profitable over time.

The company's ROA of 10.63% in 2024 signifies that for every dollar of assets held by the company, it generated a return of 10.63 cents in profit. This demonstrates efficient asset utilization, which is a positive sign for investors and stakeholders.

Overall, the steady increase in Stride Inc's ROA indicates improved operational efficiency and effectiveness in utilizing its assets to drive profitability, which could contribute to the company's overall financial health and sustainability.