Strategic Education Inc (STRA)

Return on assets (ROA)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	69,791	46,670	55,087	86,268	81,138
Total assets	US$ in thousands	2,125,210	2,161,750	2,305,880	2,295,810	1,789,410
ROA		3.28%	2.16%	2.39%	3.76%	4.53%

December 31, 2023 calculation

ROA = Net income ÷ Total assets
= $69,791K ÷ $2,125,210K
= 3.28%

The return on assets (ROA) of Strategic Education Inc has fluctuated over the past five years. In 2023, the ROA was 3.28%, an increase from the previous year's 2.16%. However, compared to 2019 and 2020 when the ROA was 4.53% and 3.76% respectively, the 2023 ROA is lower. The 2021 ROA of 2.39% was slightly lower than the 2020 ROA. Overall, the trend in ROA indicates some variations in the company's ability to generate profits relative to its total assets during the reviewed years. Factors impacting this ratio may include changes in profitability, asset efficiency, and financial leverage.