Strategic Education Inc (STRA)

Inventory 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
Cost of revenue (ttm)	US$ in thousands	650,496	638,456	631,523	629,767	624,996	622,319	619,746	605,635	597,321	594,021	594,510	600,080	608,261	606,401	579,924	552,530	532,661	518,977	524,330	529,490
Inventory	US$ in thousands	—	—	0	0	—	0	0	3,793	0	0	—	—	0	2,167	5,801	—	—	—	0	0
Inventory turnover		—	—	—	—	—	—	—	159.67	—	—	—	—	—	279.83	99.97	—	—	—	—	—

December 31, 2024 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $650,496K ÷ $—K
= —

The inventory turnover ratio for Strategic Education Inc shows a varying trend over the provided periods. In June 2021, the inventory turnover ratio was 99.97, indicating that the company turned over its inventory nearly 100 times during that period. This suggests efficient management of inventory levels and timely sales.

The ratio saw a significant increase in September 2021, reaching 279.83, which indicates a further improvement in inventory management and sales efficiency. A higher turnover ratio is generally considered favorable as it signifies that inventory is being sold quickly.

In March 2023, the inventory turnover ratio decreased to 159.67, indicating that the company may have had a slight slowdown in inventory turnover compared to the previous periods. It is important to monitor changes in inventory turnover ratios to understand how efficiently the company is managing its inventory to meet customer demand and avoid overstocking.

Overall, while the inventory turnover ratio has shown fluctuations over the analyzed periods, the company has demonstrated a relatively effective utilization of its inventory to generate sales.