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.