Stride Inc (LRN)

Return on assets (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
Net income (ttm)	US$ in thousands	204,183	184,773	170,548	154,417	126,867	111,585	99,042	90,341	107,130	89,535	70,405	52,902	71,451	65,844	50,809	46,902	24,506	22,935	32,643	35,761
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
ROA		10.63%	9.76%	9.57%	8.74%	7.21%	6.56%	6.12%	5.57%	6.52%	5.69%	4.61%	3.37%	4.53%	4.29%	3.45%	3.34%	2.28%	2.21%	3.95%	4.40%

June 30, 2024 calculation

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

The return on assets (ROA) of Stride Inc has shown a positive trend over the past few quarters, indicating increasing efficiency in generating profits from its assets. The ROA increased from 4.40% in December 2019 to 10.63% in June 2024, reaching its highest level in the most recent quarter.

This improvement in ROA is a positive sign, suggesting that the company is effectively utilizing its assets to generate profit. A higher ROA indicates better profitability relative to the total assets employed by the company.

It is important for investors and stakeholders to monitor the ROA trend over time to assess the company's performance in utilizing its assets efficiently. The increasing trend in Stride Inc's ROA suggests improved financial performance and operational effectiveness. Further analysis and comparison with industry benchmarks can provide additional insights into the company's overall financial health and efficiency in asset management.