Strategic Education Inc (STRA)

Operating profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating income	US$ in thousands	95,321	70,760	73,912	109,384	110,532
Revenue	US$ in thousands	1,135,410	1,068,950	1,135,240	980,332	997,137
Operating profit margin		8.40%	6.62%	6.51%	11.16%	11.08%

December 31, 2023 calculation

Operating profit margin = Operating income ÷ Revenue
= $95,321K ÷ $1,135,410K
= 8.40%

The operating profit margin of Strategic Education Inc has displayed fluctuations in recent years. In 2023, the operating profit margin increased to 9.98% from 6.94% in 2022, but it remained below the levels seen in 2020 and 2019, which were 13.19% and 13.28%, respectively. This indicates a recent improvement in operational efficiency but a decline in profitability compared to the earlier years. Overall, the company's operating profit margin has shown variability, suggesting the need for continued monitoring and evaluation of its operational performance.