Strategic Education Inc (STRA)

Return on equity (ROE)

		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 stockholders’ equity	US$ in thousands	1,652,520	1,594,750	1,598,610	1,610,430	1,635,790	1,598,480	1,651,920	1,724,310	1,713,990	1,695,060	1,733,180	1,735,920	1,748,320	1,705,060	1,484,550	1,459,150	1,462,710	1,444,660	1,437,880	1,423,440
ROE		4.22%	3.07%	2.29%	2.34%	2.85%	3.13%	2.89%	3.05%	3.21%	2.32%	2.68%	3.49%	4.93%	6.39%	7.72%	7.19%	5.55%	5.20%	0.39%	-0.96%

December 31, 2023 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $69,791K ÷ $1,652,520K
= 4.22%

The return on equity (ROE) for Strategic Education Inc has shown a fluctuating trend over the past eight quarters. In Q4 2023, the ROE was 4.22%, which represented an increase from the previous quarter's 3.07%. However, the ROE remains relatively low compared to historical levels observed over the last two years. Despite some quarterly variations, the company's ROE has generally been within the range of 2.29% to 4.22%. This suggests that the company's profitability relative to its equity has been moderate and somewhat inconsistent. Further analysis into the factors driving these fluctuations would be necessary to fully understand the dynamics of Strategic Education Inc's ROE performance.