Adtalem Global Education Inc (ATGE)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 237,065 | 232,272 | 208,261 | 172,296 | 136,777 | 109,602 | 118,650 | 103,412 | 98,612 | 78,832 | 38,820 | 32,020 | -31,830 | -25,282 | -6,487 | -1,025 | 76,909 | -188,155 | -61,975 | -79,765 |
| 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 |
| ROA | 8.61% | 8.33% | 7.65% | 6.11% | 4.99% | 4.04% | 4.39% | 3.70% | 3.51% | 2.75% | 1.37% | 1.07% | -1.05% | -0.72% | -0.18% | -0.03% | 2.52% | -6.21% | -2.76% | -3.42% |
June 30, 2025 calculation
ROA = Net income (ttm) ÷ Total assets
= $237,065K ÷ $2,752,350K
= 8.61%
The analysis of Adtalem Global Education Inc.'s return on assets (ROA) over the period from September 2020 to June 2025 indicates a significant transformation in the company's profitability efficiency. Initially, the company's ROA exhibited negative values, with a notable figure of -3.42% as of September 30, 2020, which reflects asset utilization challenges and net losses in that period.
Despite a modest improvement by the end of 2020, with ROA rising to -2.76% in December 2020, the company experienced fluctuations throughout the subsequent quarters. During 2021, ROA remained predominantly negative, reaching as low as -6.21% in March 2021, indicating continued difficulties in generating sufficient net income relative to total assets. However, a turning point occurred in June 2021, when ROA shifted positively to 2.52%, suggesting an initial phase of improved efficiency or increased profitability, although this was followed by fluctuations that kept ROA near break-even levels—such as -0.03% and -0.18% in the latter quarters of 2021.
Throughout 2022, ROA demonstrated a gradual recovery, moving from slight negatives towards modest positives, reaching 1.07% by September 2022 and climbing to 1.37% at year's end. This upward trend continued into 2023, with ROA progressively increasing to 2.75% in March and further rising throughout the year, culminating at 3.70% by September 2023 and reaching 4.39% at December 2023.
The trajectory of increasing ROA persisted into 2024 and 2025, reflecting sustained improvement in asset efficiency and profitability. Notably, by June 2024, ROA had risen to nearly 5%, and by September 2024, it reached 6.11%. The trend continued with the March 2025 figure at 8.33%, and further increased to 8.61% by June 2025. This consistent upward movement indicates an ongoing enhancement in the company's ability to generate net income from its assets.
Overall, the data depicts a period of initial challenge marked by negative ROA, followed by gradual recovery and sustained growth. The trend suggests effective strategic initiatives, operational improvements, or favorable market conditions contributing to enhanced asset utilization and profitability over the analyzed timeframe.
Peer comparison
Jun 30, 2025