Strategic Education Inc (STRA)
Total asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,135,410 | 1,068,950 | 1,135,240 | 980,332 | 997,137 |
| Total assets | US$ in thousands | 2,125,210 | 2,161,750 | 2,305,880 | 2,295,810 | 1,789,410 |
| Total asset turnover | 0.53 | 0.49 | 0.49 | 0.43 | 0.56 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $1,135,410K ÷ $2,125,210K
= 0.53
The total asset turnover of Strategic Education Inc has fluctuated over the past five years. In 2023, the total asset turnover ratio was 0.53, indicating that the company generated $0.53 in revenue for every dollar of assets it held during that period. This represents an improvement from the previous year when the ratio was 0.49. In comparison to 2021 and 2020, where the ratio was also 0.49 and 0.45 respectively, the company's efficiency in generating revenue from its assets has been relatively consistent.
However, it is worth noting that the total asset turnover ratio was higher in 2019 at 0.56. This suggests that the company was more efficient in utilizing its assets to generate revenue in that year compared to the most recent years. Overall, the trend in the total asset turnover ratio indicates that Strategic Education Inc has experienced some variability in its asset utilization efficiency over the past five years.
Peer comparison
Dec 31, 2023