Strategic Education Inc (STRA)

Operating 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
Operating income (ttm)	US$ in thousands	95,321	68,744	50,922	55,970	70,760	70,977	70,518	75,353	73,912	49,656	57,730	77,425	109,384	142,989	147,567	128,768	110,532	92,194	15,067	-8,345
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
Operating profit margin		8.41%	6.23%	4.71%	5.25%	6.62%	6.62%	6.54%	6.89%	6.63%	4.49%	5.42%	7.60%	10.89%	14.29%	14.54%	12.68%	11.08%	9.45%	1.68%	-1.09%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $95,321K ÷ $1,133,551K
= 8.41%

Strategic Education Inc's operating profit margin has shown variability over the past eight quarters. In Q4 2023, the operating profit margin stood at 9.98%, representing the highest margin in the period analyzed. This marked improvement from the previous quarter's 7.40% suggests an enhanced efficiency in managing operating expenses relative to revenue generation.

However, prior to Q4 2023, the operating profit margin experienced fluctuation, with margins ranging from 5.65% to 8.64% over the seven preceding quarters. This indicates possible challenges in maintaining consistent profitability levels during these periods.

Overall, the recent uptick in the operating profit margin in Q4 2023 could signal improved operational performance, but it would be essential to monitor future trends to assess the sustainability of this positive momentum.