Stride Inc (LRN)

Return on equity (ROE)

		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 stockholders’ equity	US$ in thousands	1,176,020	1,103,210	1,032,680	958,493	947,296	899,361	841,899	786,823	812,581	780,570	734,233	719,906	804,648	786,779	752,429	719,021	675,329	664,628	651,096	624,712
ROE		17.36%	16.75%	16.52%	16.11%	13.39%	12.41%	11.76%	11.48%	13.18%	11.47%	9.59%	7.35%	8.88%	8.37%	6.75%	6.52%	3.63%	3.45%	5.01%	5.72%

June 30, 2024 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $204,183K ÷ $1,176,020K
= 17.36%

The return on equity (ROE) for Stride Inc has shown a generally positive trend over the past several quarters, indicating an improvement in the company's ability to generate profits from its shareholder's equity.

Starting from a ROE of 5.72% in the fourth quarter of 2019, there has been a consistent upward trajectory in ROE, with occasional fluctuations. The most recent ROE as of June 30, 2024, stands at 17.36%, reflecting a significant increase compared to previous periods.

The ROE figures suggest that Stride Inc has been effectively utilizing its equity to generate earnings for its shareholders, which is a positive sign of financial performance and efficiency. Overall, the trend indicates that the company's profitability and efficiency have been on an upward trend, showcasing improved performance and potential for sustained growth.