Adtalem Global Education Inc (ATGE)

Gross profit margin

		Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020
Gross profit	US$ in thousands	212,087	132,635	33,077	144,886	127,181
Revenue	US$ in thousands	1,584,650	1,450,830	1,381,840	899,248	866,427
Gross profit margin		13.38%	9.14%	2.39%	16.11%	14.68%

June 30, 2024 calculation

Gross profit margin = Gross profit ÷ Revenue
= $212,087K ÷ $1,584,650K
= 13.38%

Adtalem Global Education Inc's gross profit margin has displayed fluctuations over the past five years. The margin significantly increased in Jun 30, 2021, reaching 16.11%, which was higher than in the two subsequent years. However, in Jun 30, 2022, the gross profit margin notably declined to a relatively low level of 2.39%. The margin then increased to 9.14% in Jun 30, 2023, showing some recovery. In the most recent period ending Jun 30, 2024, the gross profit margin further improved to 13.38%, indicating a positive trend in profitability. Overall, the company's gross profit margin has shown variability, with fluctuations reflecting changes in the company's cost structure, pricing strategies, and efficiency in managing production costs.