Strategic Education Inc (STRA)

Return on assets (ROA)

		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
Net income (ttm)	US$ in thousands	69,791	48,991	36,624	37,613	46,670	50,021	47,783	52,539	55,087	39,324	46,430	60,606	86,268	108,888	114,620	104,877	81,138	75,056	5,583	-13,638
Total assets	US$ in thousands	2,125,210	2,114,100	2,142,110	2,165,770	2,161,750	2,215,250	2,260,260	2,367,880	2,305,880	2,316,120	2,363,310	2,369,440	2,295,810	2,047,320	1,791,560	1,783,820	1,789,410	1,781,200	1,784,570	1,775,390
ROA		3.28%	2.32%	1.71%	1.74%	2.16%	2.26%	2.11%	2.22%	2.39%	1.70%	1.96%	2.56%	3.76%	5.32%	6.40%	5.88%	4.53%	4.21%	0.31%	-0.77%

December 31, 2023 calculation

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

The return on assets (ROA) for Strategic Education Inc has shown variability over the past eight quarters. In Q4 2023, the ROA increased to 3.28% from 2.32% in the previous quarter, indicating improved efficiency in generating profits relative to its total assets. This marks a positive trend compared to the ROA in the first three quarters of 2023, which were 1.71%, 1.74%, and 2.16% respectively.

Looking back at Q4 2022 and Q3 2022, the ROA was relatively stable around 2.26% and 2.11% respectively. However, there was a slight increase in Q2 2022 to 2.22%.

Overall, the upward trend in ROA from Q1 2023 to Q4 2023 suggests that Strategic Education Inc has been more effective in utilizing its assets to generate earnings, indicating potential improvements in operational efficiency and profitability over this period. It will be important to monitor future ROA figures to assess the company's ongoing performance in generating returns from its assets.