Adtalem Global Education Inc (ATGE)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 1,369,140 | 1,457,340 | 1,491,390 | 1,293,520 | 1,309,750 |
| ROE | 9.99% | 6.41% | 20.85% | 5.41% | -6.52% |
June 30, 2024 calculation
ROE = Net income ÷ Total stockholders’ equity
= $136,777K ÷ $1,369,140K
= 9.99%
Adtalem Global Education Inc's return on equity (ROE) has exhibited fluctuations over the past five years. In 2024, the ROE stands at 9.99%, showing an improvement compared to the previous year's 6.41%. This suggests that the company generated a profit of 9.99% for each dollar of shareholders' equity in 2024.
Looking back, the ROE was notably higher in 2022 at 20.85%, indicating a strong performance in that year. However, there was a significant drop in 2021 with an ROE of 5.41%, reflecting a decrease in profitability relative to the company's equity base.
The most concerning figure among the data is the negative ROE of -6.52% in 2020, signaling that the company experienced a loss in that year relative to shareholders' equity.
Overall, the fluctuations in Adtalem Global Education Inc's ROE demonstrate varying levels of profitability and efficiency in utilizing shareholder equity over the past five years. Further analysis of the company's financial performance and operational strategies would be necessary to understand the drivers behind these changes in ROE.
Peer comparison
Jun 30, 2024