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Strategic Education Asset Turnover

: 0.12 (As of Sep. 2021)
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Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Strategic Education's Revenue for the three months ended in Sep. 2021 was $270 Mil. Strategic Education's Total Assets for the quarter that ended in Sep. 2021 was $2,340 Mil. Therefore, Strategic Education's Asset Turnover for the quarter that ended in Sep. 2021 was 0.12.

Asset Turnover is linked to ROE % through Du Pont Formula. Strategic Education's annualized ROE % for the quarter that ended in Sep. 2021 was 0.90%. It is also linked to ROA % through Du Pont Formula. Strategic Education's annualized ROA % for the quarter that ended in Sep. 2021 was 0.66%.


Strategic Education Asset Turnover Historical Data

The historical data trend for Strategic Education's Asset Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Strategic Education Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Asset Turnover
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.61 1.47 0.64 0.58 0.50

Strategic Education Quarterly Data
Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21
Asset Turnover Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.13 0.12 0.12 0.13 0.12

Strategic Education Asset Turnover Calculation

Asset Turnover measures how quickly a company turns over its asset through sales.

Strategic Education's Asset Turnover for the fiscal year that ended in Dec. 2020 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2020 )/( (Total Assets (A: Dec. 2019 )+Total Assets (A: Dec. 2020 ))/ count )
=1027.653/( (1789.408+2295.807)/ 2 )
=1027.653/2042.6075
=0.50

Strategic Education's Asset Turnover for the quarter that ended in Sep. 2021 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Sep. 2021 )/( (Total Assets (Q: Jun. 2021 )+Total Assets (Q: Sep. 2021 ))/ count )
=270.078/( (2363.313+2316.122)/ 2 )
=270.078/2339.7175
=0.12

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Companies with low profit margins tend to have high Asset Turnover, while those with high profit margins have low Asset Turnover. Companies in the retail industry tend to have a very high turnover ratio.


Strategic Education  (NAS:STRA) Asset Turnover Explanation

Asset Turnover is linked to ROE % through Du Pont Formula.

Strategic Education's annulized ROE % for the quarter that ended in Sep. 2021 is

ROE %**(Q: Sep. 2021 )
=Net Income/Total Stockholders Equity
=15.416/1714.118
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(15.416 / 1080.312)*(1080.312 / 2339.7175)*(2339.7175/ 1714.118)
=Net Margin %*Asset Turnover*Equity Multiplier
=1.43 %*0.4617*1.365
=ROA %*Equity Multiplier
=0.66 %*1.365
=0.90 %

Note: The Net Income data used here is four times the quarterly (Sep. 2021) net income data. The Revenue data used here is four times the quarterly (Sep. 2021) revenue data.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

** The ROE % used above is for Du Pont Analysis only. It is different from the defined ROE % page on our website, as here it uses Net Income instead of Net Income attributable to Common Stockholders in the calculation.

It is also linked to ROA % through Du Pont Formula:

Strategic Education's annulized ROA % for the quarter that ended in Sep. 2021 is

ROA %(Q: Sep. 2021 )
=Net Income/Total Assets
=15.416/2339.7175
=(Net Income / Revenue)*(Revenue / Total Assets)
=(15.416 / 1080.312)*(1080.312 / 2339.7175)
=Net Margin %*Asset Turnover
=1.43 %*0.4617
=0.66 %

Note: The Net Income data used here is four times the quarterly (Sep. 2021) net income data. The Revenue data used here is four times the quarterly (Sep. 2021) revenue data.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Be Aware

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Therefore, it is a good sign if a company's Asset Turnover is consistent or even increases. If a company's asset grows faster than sales, its Asset Turnover will decline, which can be a warning sign.


Strategic Education Asset Turnover Related Terms

Thank you for viewing the detailed overview of Strategic Education's Asset Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.


Strategic Education Business Description

Strategic Education logo
Industry
Consumer Defensive » Education NAICS : 611310 SIC : 8299
Traded in Other Exchanges
Address
2303 Dulles Station Boulevard, Herndon, VA, USA, 20171
Strategic Education Inc is engaged in providing educational services. It offers flexible and affordable associate, bachelor's, master's, and doctoral programs. Strategic Education provides courses in the eastern United States. The group operates through segments namely: Strayer University Segment, Capella University Segment, and Australia/New Zealand Segment.
Executives
Grusky Robert R director C/O STRAYER EDUCATION INC 2303 DULLES STATION BOULEVARD HERNDON VA 20171
Casteen John T Iii director 301 S. COLLEGE STREET 30TH FLOOR, NC0630 CHARLOTTE NC 28288-0630
Gilligan J Kevin director, Vice Chairman P O BOX 1441 MINNEAPOLIS MN 55440-1441
Fick Nathaniel C. director C/O STRAYER EDUCATION 2303 DULLES STATION BLVD. HERNDON VA 20171
Dallas H James director 127 PUBLIC SQUARE CLEVELAND OH 44114
Brogley Rita D director 225 SOUTH 6TH STREET, 9TH FLOOR MINNEAPOLIS MN 55402
Waite G Thomas Iii director C/O STRAYER EDUCATION INC 2303 DULLES STATION BOULEVARD HERNDON VA 20171
Beason Charlotte F director C/O STRAYER EDUCATION INC 2303 DULLES STATION BOULEVARD HERNDON VA 20171
Aprahamian Thomas J officer: Chief Accounting Officer 2303 DULLES STATION BOULEVARD HERNDON VA 20171
Hokenson Christa officer: Chief Human Resources Officer C/O STRATEGIC EDUCATION, INC. 2303 DULLES STATION BOULEVARD HERNDON VA 20171
Mcdonnell Raymond Karl director, officer: Chief Executive Officer C/O STRAYER EDUCATION INC 2303 DULLES STATION BOULEVARD HERNDON VA 20171
Jackson Daniel Wayne officer: Chief Financial Officer C/O STRAYER EDUCATION INC. 2303 DULLES STATION BOULEVARD HERNDON VA 20171
Watt Andrew E officer: Chief Operating Officer 225 SOUTH SIXTH STREET 9TH FLOOR MINNEAPOLIS MN 55402
Herraiz Lizette Benedi officer: General Counsel 2303 DULLES STATION BOULEVARD HERNDON VA 20171
Silberman Robert S director, officer: Executive Chairman C/O STRAYER EDUCATION INC 2303 DULLES STATION BOULEVARD HERNDON VA 20171

Strategic Education Headlines

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