Adtalem Global Education Inc (ATGE)

Return on assets (ROA)

		Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020
Net income	US$ in thousands	136,777	93,358	310,991	70,027	-85,334
Total assets	US$ in thousands	2,741,420	2,810,540	3,030,240	3,084,840	2,258,060
ROA		4.99%	3.32%	10.26%	2.27%	-3.78%

June 30, 2024 calculation

ROA = Net income ÷ Total assets
= $136,777K ÷ $2,741,420K
= 4.99%

Adtalem Global Education Inc's Return on Assets (ROA) has fluctuated over the past five years. In June 2024, the company's ROA stood at 4.99%, representing an improvement from the previous year's 3.32%. The ROA in 2024 indicates that the company generated a profit of approximately 4.99 cents on each dollar of assets it owns.

Compared to the peak ROA of 10.26% in June 2022, the current ROA of 4.99% is lower but still shows a positive trend. The positive ROA values from 2021 onwards suggest that the company has been effectively utilizing its assets to generate profits.

On the other hand, the negative ROA of -3.78% in June 2020 indicates that the company experienced a loss relative to its asset base in that year. This negative performance may have been influenced by various factors such as economic downturns or operational challenges.

Overall, Adtalem Global Education Inc's improving ROA in recent years demonstrates the company's ability to generate profits from its assets, although there may still be room for further optimization and efficiency enhancement.