Adtalem Global Education Inc (ATGE)

Net profit margin

		Jun 30, 2024	Mar 31, 2024	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
Net income (ttm)	US$ in thousands	136,777	109,602	118,650	103,412	93,358	79,128	380,999	374,199	315,603	316,601	-6,487	-1,025	76,909	-188,155	-61,975	-79,765	-85,334	220,216	107,289	119,059
Revenue (ttm)	US$ in thousands	1,584,652	1,539,386	1,495,810	1,465,402	1,450,826	1,447,416	1,442,615	1,450,979	1,385,780	1,248,015	1,113,947	977,145	906,901	943,164	984,438	1,016,214	1,052,001	1,056,512	1,043,728	1,031,517
Net profit margin		8.63%	7.12%	7.93%	7.06%	6.43%	5.47%	26.41%	25.79%	22.77%	25.37%	-0.58%	-0.10%	8.48%	-19.95%	-6.30%	-7.85%	-8.11%	20.84%	10.28%	11.54%

June 30, 2024 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $136,777K ÷ $1,584,652K
= 8.63%

The net profit margin of Adtalem Global Education Inc has displayed fluctuations over the most recent quarters. From December 2019 to June 2020, the company experienced negative net profit margins, reflecting challenges during this period. However, starting from September 2020, there was a consistent improvement in the net profit margin, reaching a peak of 26.41% in December 2022.

Subsequently, there was a decline in the net profit margin in the following quarters, with the margin fluctuating between 5.47% and 8.63% as of June 30, 2024. These fluctuations indicate that the company's profitability has been variable in recent quarters, with some quarters showing stronger performance compared to others.

Overall, while the net profit margin has shown improvement compared to negative figures in the past, it is important for Adtalem Global Education Inc to continue monitoring and managing its expenses and revenue generation to maintain and potentially increase its profitability in the future.