Strategic Education Inc (STRA)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,219,930 | 1,132,920 | 1,065,480 | 1,131,690 | 1,027,650 |
| Property, plant and equipment | US$ in thousands | — | — | 258,093 | 300,176 | 158,854 |
| Fixed asset turnover | — | — | 4.13 | 3.77 | 6.47 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $1,219,930K ÷ $—K
= —
The fixed asset turnover ratio of Strategic Education Inc has shown fluctuations over the years. As of December 31, 2020, the ratio was 6.47, indicating that the company generated $6.47 in revenue for every dollar invested in fixed assets. However, there was a significant decrease in this ratio by December 31, 2021, where it decreased to 3.77. This suggests that the company's efficiency in utilizing its fixed assets to generate revenue declined during this period.
Subsequently, by December 31, 2022, the fixed asset turnover ratio improved to 4.13, showing a partial recovery in asset utilization efficiency. Unfortunately, the data for December 31, 2023 and December 31, 2024 is unavailable (denoted as "—"), making it difficult to gauge the company's performance in those years.
In conclusion, the trend in the fixed asset turnover ratio of Strategic Education Inc reflects varying levels of efficiency in utilizing fixed assets to generate revenue over the years, with a notable decline in 2021 followed by some improvement in 2022. Further insights could be gained with complete data for 2023 and 2024 to better assess the company's asset management performance.
Peer comparison
Dec 31, 2024