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.