Strategic Education Inc (STRA)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 1,652,520 | 1,635,790 | 1,713,990 | 1,748,320 | 1,462,710 |
| ROE | 4.22% | 2.85% | 3.21% | 4.93% | 5.55% |
December 31, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $69,791K ÷ $1,652,520K
= 4.22%
Strategic Education Inc's return on equity (ROE) has shown a fluctuating trend over the past five years. The ROE increased from 4.93% in 2020 to 5.55% in 2019, indicating a positive performance. However, in the subsequent years, there was a downward trend in ROE, with values of 3.21% in 2021, 2.85% in 2022, and 4.22% in 2023.
The variability in ROE suggests that the company's ability to generate profits from shareholders' equity has been inconsistent. It is important for stakeholders to further investigate the factors contributing to the fluctuations in ROE to assess the company's financial health and performance.
Peer comparison
Dec 31, 2023