Adtalem Global Education Inc (ATGE)

Operating return on assets (Operating ROA)

Jun 30, 2025 Mar 31, 2025 Dec 31, 2024 Sep 30, 2024 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
Operating income (ttm) US$ in thousands 341,542 337,387 308,603 263,345 221,301 188,088 160,673 148,088 168,034 150,425 149,379 128,086 75,215 93,507 104,457 120,046 161,483 142,964 153,237 153,225
Total assets US$ in thousands 2,752,350 2,789,760 2,722,960 2,817,710 2,741,420 2,715,030 2,700,920 2,794,160 2,810,540 2,867,120 2,843,040 2,996,050 3,029,180 3,518,460 3,659,770 3,768,190 3,053,840 3,031,000 2,244,660 2,329,900
Operating ROA 12.41% 12.09% 11.33% 9.35% 8.07% 6.93% 5.95% 5.30% 5.98% 5.25% 5.25% 4.28% 2.48% 2.66% 2.85% 3.19% 5.29% 4.72% 6.83% 6.58%

June 30, 2025 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $341,542K ÷ $2,752,350K
= 12.41%

The operating return on assets (ROA) for Adtalem Global Education Inc exhibits notable fluctuations and a general upward trend over the analyzed period. Starting from 6.58% on September 30, 2020, the metric saw a gradual increase, reaching 6.83% by December 31, 2020. A decline followed, with the ROA dropping to 4.72% on March 31, 2021, and further decreasing to 3.19% by September 30, 2021. This downward trajectory persisted through the first quarter of 2022, with the figure at 2.66%, and continued into mid-2022, reaching 2.48% on June 30, 2022.

Nevertheless, a trend reversal began in late 2022, with the ROA increasing to 4.28% as of September 30, 2022, and rising further to 5.25% by December 31, 2022, maintaining similar levels in March 2023. The metric continued its ascent into 2023, attaining 5.98% on June 30, 2023, and slightly declining to 5.30% on September 30, 2023. Subsequently, the ROA demonstrated a more pronounced upward momentum, reaching 5.95% at the close of 2023. The positive trend persisted into early 2024, with the ROA increasing significantly to 6.93% by March 31, 2024, and further rising to 8.07% on June 30, 2024, culminating at 9.35% on September 30, 2024. The strongest value recorded within the period occurred on December 31, 2024, at 11.33%, followed by continued growth to 12.09% on March 31, 2025, and reaching 12.41% by June 30, 2025.

Overall, the data indicates that Adtalem Global Education Inc experienced initial periods of decline in operational efficiency relative to its assets during 2021 and early 2022, followed by a sustained improvement starting in late 2022 through mid-2025. The observed trend suggests strategic or operational adjustments contributed to enhanced asset utilization and profitability over the recent periods.