Adtalem Global Education Inc (ATGE)

Return on equity (ROE)

		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 stockholders’ equity	US$ in thousands	1,369,140	1,320,960	1,369,400	1,378,660	1,457,340	1,510,380	1,509,220	1,496,020	1,491,390	1,478,950	1,276,990	1,265,180	1,293,520	1,306,220	1,313,780	1,330,970	1,309,750	1,294,560	1,294,910	1,327,190
ROE		9.99%	8.30%	8.66%	7.50%	6.41%	5.24%	25.24%	25.01%	21.16%	21.41%	-0.51%	-0.08%	5.95%	-14.40%	-4.72%	-5.99%	-6.52%	17.01%	8.29%	8.97%

June 30, 2024 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $136,777K ÷ $1,369,140K
= 9.99%

Adtalem Global Education Inc's return on equity (ROE) has shown fluctuations over the analyzed periods. The ROE ranged from a low of -14.40% in March 2021 to a high of 25.24% in December 2022. The most recent ROE as of June 30, 2024, stood at 9.99%.

The trend in ROE indicates a general improvement since the negative ROE figures in the first half of 2021. The company managed to rebound strongly from negative returns to deliver double-digit ROE figures in subsequent periods.

The ROE performance suggests that Adtalem Global Education Inc has been able to generate reasonable returns for its shareholders in recent periods, although there have been fluctuations. Investors and stakeholders may want to monitor the company's ROE closely to assess its ability to generate profits from shareholder equity. Overall, the upward trend in ROE from negative to positive figures is a positive sign for the company's financial performance.