Adtalem Global Education Inc (ATGE)

Return on assets (ROA)

		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
Net income (ttm)	US$ in thousands	136,777	109,602	118,650	103,412	93,358	79,128	380,999	374,199	315,603	316,601	-6,487	-1,025	76,909	-188,155	-61,975	-79,765	-85,334	220,216	107,289	119,059
Total assets	US$ in thousands	2,741,420	2,715,030	2,700,920	2,794,160	2,810,540	2,867,120	2,843,040	2,996,050	3,030,240	3,519,920	3,659,770	3,799,060	3,084,840	3,061,780	2,274,880	2,329,900	2,258,060	2,444,020	2,390,610	2,460,320
ROA		4.99%	4.04%	4.39%	3.70%	3.32%	2.76%	13.40%	12.49%	10.42%	8.99%	-0.18%	-0.03%	2.49%	-6.15%	-2.72%	-3.42%	-3.78%	9.01%	4.49%	4.84%

June 30, 2024 calculation

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

Adtalem Global Education Inc's return on assets (ROA) has shown fluctuations over the past few quarters. ROA measures a company's efficiency in generating profits from its assets. The trend indicates that the company's profitability relative to its total assets has varied significantly.

In the recent quarter ended June 30, 2024, Adtalem Global Education Inc's ROA was 4.99%, showing an increase compared to the previous quarter. This suggests that the company is generating more profit from its assets in the most recent period.

Looking at the historical data, there has been volatility in ROA numbers. The company experienced a sharp increase in ROA in the quarter ended December 31, 2022, with a high ROA of 13.40%. This could be a result of improved operational efficiency or better asset utilization during that period.

Conversely, the company faced challenges in generating profits from its assets in some quarters, such as the negative ROA in the quarters ended September 30, 2021, and June 30, 2021. A negative ROA indicates that the company's assets may not be effectively contributing to its profitability.

Overall, Adtalem Global Education Inc's ROA performance has been mixed, with fluctuations indicating varying levels of efficiency in utilizing its assets to generate profits. Investors and analysts may want to further investigate the factors influencing these fluctuations to make informed decisions about the company's financial performance and future prospects.