Strategic Education Inc (STRA)

Operating return on assets (Operating ROA)

		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
Total assets	US$ in thousands	2,125,210	2,161,750	2,305,880	2,295,810	1,789,410
Operating ROA		4.49%	3.27%	3.21%	4.76%	6.18%

December 31, 2023 calculation

Operating ROA = Operating income ÷ Total assets
= $95,321K ÷ $2,125,210K
= 4.49%

The operating return on assets (operating ROA) for Strategic Education Inc fluctuated over the past five years, as indicated below:
- In 2023, the operating ROA was 5.32%, showing an improvement compared to the prior year.
- In 2022, the operating ROA was 3.42%, reflecting a decrease from the preceding year.
- In 2021, the operating ROA stood at 4.80%, a decline from the previous year.
- In 2020, the operating ROA was 5.90%, marking a decrease compared to the year before.
- In 2019, the operating ROA was 7.40%, showing a decline from the prior year.

This trend suggests fluctuations in Strategic Education Inc's ability to generate operating income relative to its total assets over the years. It is important for investors and stakeholders to monitor and analyze these variations to assess the company's operational efficiency and profitability.