Adtalem Global Education Inc (ATGE)

Operating 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
Operating income (ttm)	US$ in thousands	217,054	188,088	185,792	172,730	168,170	173,142	146,662	125,846	80,149	62,696	65,708	70,038	118,052	407,120	322,158	229,650	111,713	271,239	256,594	293,420
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
Operating profit margin		13.70%	12.22%	12.42%	11.79%	11.59%	11.96%	10.17%	8.67%	5.78%	5.02%	5.90%	7.17%	13.02%	43.17%	32.73%	22.60%	10.62%	25.67%	24.58%	28.45%

June 30, 2024 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $217,054K ÷ $1,584,652K
= 13.70%

The operating profit margin of Adtalem Global Education Inc has shown fluctuations over the historical periods provided. From December 2019 to June 2020, the operating profit margin ranged from 24.58% to 43.17%, indicating a strong performance during this period.

However, there was a significant drop in the operating profit margin in the subsequent quarters, reaching as low as 5.02% in March 2022. This decrease could suggest challenges or changes impacting the company's profitability during this time.

From March 2022 onwards, there was a gradual improvement in the operating profit margin, with slight fluctuations until June 2024. The operating profit margin ranged from 11.59% to 13.70% during this period, showing some stability in the company's profitability.

Overall, the operating profit margin of Adtalem Global Education Inc has displayed variability in recent periods, with a mix of strong performances and lower margins. It is essential for investors and stakeholders to closely monitor the company's operational efficiency and profitability trends to assess its financial health and performance.