Adtalem Global Education Inc (ATGE)

Total asset turnover

		Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020
Revenue	US$ in thousands	1,584,650	1,450,830	1,381,840	899,248	866,427
Total assets	US$ in thousands	2,741,420	2,810,540	3,030,240	3,084,840	2,258,060
Total asset turnover		0.58	0.52	0.46	0.29	0.38

June 30, 2024 calculation

Total asset turnover = Revenue ÷ Total assets
= $1,584,650K ÷ $2,741,420K
= 0.58

The total asset turnover ratio for Adtalem Global Education Inc has shown a fluctuating trend over the past five years. In particular, the ratio has improved from 0.38 in Jun 30, 2020, to 0.58 in Jun 30, 2024, indicating an increasing efficiency in generating sales from the company's total assets. This suggests that Adtalem Global Education Inc has been more effective in utilizing its assets to generate revenue in the most recent year. However, it is important to note that there was a significant increase in the ratio from Jun 30, 2020, to Jun 30, 2021, which may indicate a one-time event or change in business operations that impacted the ratio. Overall, the increasing trend in total asset turnover reflects positively on the company's asset utilization efficiency.