Strategic Education Inc (STRA)

Fixed asset turnover

		Dec 31, 2024	Sep 30, 2024	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
Revenue (ttm)	US$ in thousands	1,219,930	1,211,176	1,191,154	1,166,568	1,132,924	1,100,160	1,077,347	1,063,231	1,065,480	1,067,641	1,074,596	1,100,205	1,131,686	1,127,081	1,096,029	1,052,687	1,027,653	1,023,931	1,026,652	1,015,931
Property, plant and equipment	US$ in thousands	—	—	—	—	—	—	121,066	124,298	258,093	136,073	141,736	299,250	300,176	147,246	287,881	164,277	158,854	115,607	117,247	117,284
Fixed asset turnover		—	—	—	—	—	—	8.90	8.55	4.13	7.85	7.58	3.68	3.77	7.65	3.81	6.41	6.47	8.86	8.76	8.66

December 31, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,219,930K ÷ $—K
= —

Fixed asset turnover measures how efficiently a company generates revenue from its fixed assets. A higher fixed asset turnover ratio indicates that the company is using its fixed assets more effectively to generate sales.

Analyzing the fixed asset turnover of Strategic Education Inc over the past few years reveals fluctuations in the efficiency of their fixed asset utilization. The ratio has shown a general increasing trend from March 31, 2020, to June 30, 2021, indicating improved efficiency in utilizing fixed assets to generate revenue.

However, there was a significant drop in fixed asset turnover from June 30, 2021, to December 31, 2021, which continued into the first half of 2022. This decline suggests a potential decline in the company's ability to generate revenue from its fixed assets effectively during this period.

From March 31, 2022, to June 30, 2023, there was an uptick in the fixed asset turnover ratio, indicating a possible improvement in the company's efficiency in utilizing fixed assets for revenue generation.

The data for the latter part of 2023 and the entirety of 2024 is not provided, so it is difficult to provide a detailed analysis for these periods.

Overall, Strategic Education Inc's fixed asset turnover has shown fluctuations over the past few years, highlighting the importance of monitoring this ratio to assess the company's efficiency in utilizing its fixed assets effectively.