Adtalem Global Education Inc (ATGE)
Operating return on assets (Operating ROA)
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 217,054 | 168,170 | 76,746 | 110,399 | 110,067 |
| Total assets | US$ in thousands | 2,741,420 | 2,810,540 | 3,030,240 | 3,084,840 | 2,258,060 |
| Operating ROA | 7.92% | 5.98% | 2.53% | 3.58% | 4.87% |
June 30, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $217,054K ÷ $2,741,420K
= 7.92%
Adtalem Global Education Inc's operating return on assets (ROA) has shown a positive trend over the past five years. The company's operating ROA increased from 4.87% in 2020 to 7.92% in 2024, demonstrating improved efficiency in generating operating income relative to its assets. This indicates that the company has been effectively utilizing its assets to generate operating profits. The significant increase in operating ROA from 2020 to 2024 suggests that Adtalem Global Education Inc has implemented strategies to enhance operational efficiency and profitability. Overall, the improving trend in operating ROA reflects positively on the company's performance in utilizing its assets to generate operating earnings.
Peer comparison
Jun 30, 2024