Strategic Education Inc (STRA)

Total asset turnover

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Revenue (ttm)	US$ in thousands	1,133,551	1,103,905	1,081,092	1,066,976	1,069,225	1,071,595	1,078,450	1,094,322	1,114,981	1,106,284	1,064,163	1,018,617	1,004,460	1,000,738	1,014,628	1,015,848	997,137	975,468	894,666	764,224
Total assets	US$ in thousands	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	1,789,410	1,781,200	1,784,570	1,775,390
Total asset turnover		0.53	0.52	0.50	0.49	0.49	0.48	0.48	0.46	0.48	0.48	0.45	0.43	0.44	0.49	0.57	0.57	0.56	0.55	0.50	0.43

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,133,551K ÷ $2,125,210K
= 0.53

Over the past eight quarters, Strategic Education Inc's total asset turnover ratio has shown a stable pattern, hovering around the range of 0.46 to 0.53. This ratio indicates the company's efficiency in generating revenue relative to its total assets.

The consistency in total asset turnover suggests that Strategic Education Inc has been effectively utilizing its assets to drive revenue across multiple quarters. A ratio above 1 implies that the company is generating more revenue per dollar of assets, which is essential for profitability and operational efficiency.

With total asset turnover ratios in the range of 0.46 to 0.53, Strategic Education Inc seems to be achieving a moderate level of efficiency in utilizing its assets to generate revenues. This stability in the ratio can indicate a consistent strategy in managing and utilizing assets effectively over time.

It is important for the company to continue monitoring and improving its total asset turnover ratio to ensure that it remains competitive and efficient in its operations. By optimizing asset utilization, Strategic Education Inc can enhance its financial performance and create value for its stakeholders.