Strategic Education Inc (STRA)

Gross profit margin

		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
Gross profit (ttm)	US$ in thousands	508,344	485,705	465,310	456,247	464,957	479,792	477,222	465,553	431,631	694,928	656,787	647,245	702,270	698,548	730,617	740,695	721,506	699,837	593,481	508,849
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
Gross profit margin		44.85%	44.00%	43.04%	42.76%	43.49%	44.77%	44.25%	42.54%	38.71%	62.82%	61.72%	63.54%	69.92%	69.80%	72.01%	72.91%	72.36%	71.74%	66.34%	66.58%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $508,344K ÷ $1,133,551K
= 44.85%

Based on the data provided, Strategic Education Inc has consistently maintained a gross profit margin of 100% throughout the quarters indicated. This implies that the company is effectively controlling its cost of goods sold and generating significant profits from its sales revenue. A gross profit margin of 100% indicates that the company is able to sell its products or services at a price significantly higher than the cost of producing them. This high level of gross profit margin may suggest efficient operations, pricing strategies, or a unique competitive advantage within the industry. Overall, Strategic Education Inc's consistent gross profit margin of 100% reflects strong financial performance in terms of profitability and cost management.