Strategic Education Inc (STRA)

Total 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
Total assets	US$ in thousands	2,049,740	2,187,520	2,177,520	2,155,240	2,125,210	2,114,100	2,142,110	2,165,770	2,161,750	2,215,250	2,260,260	2,367,880	2,305,880	2,316,120	2,363,310	2,369,440	2,295,810	2,047,320	1,791,560	1,783,820
Total asset turnover		0.60	0.55	0.55	0.54	0.53	0.52	0.50	0.49	0.49	0.48	0.48	0.46	0.49	0.49	0.46	0.44	0.45	0.50	0.57	0.57

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,219,930K ÷ $2,049,740K
= 0.60

Total asset turnover measures how efficiently a company is using its assets to generate revenue. In the case of Strategic Education Inc, the total asset turnover has shown a fluctuating trend over the years.

From March 31, 2020, to December 31, 2020, the total asset turnover decreased from 0.57 to 0.45, indicating a decline in the company's efficiency in utilizing its assets to generate revenue. However, from March 31, 2021, to December 31, 2024, the total asset turnover gradually increased from 0.44 to 0.60, suggesting an improvement in asset utilization efficiency over this period.

The average total asset turnover ratio over this period was approximately 0.50. This indicates that, on average, Strategic Education Inc generated $0.50 in revenue for each dollar of total assets it held.

Overall, the trend in total asset turnover for Strategic Education Inc reflects fluctuations but shows a general improvement in asset utilization efficiency over time.