Adtalem Global Education (FRA:DVY) ROCE % : 11.01% (As of Mar. 2024)

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What is Adtalem Global Education ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Adtalem Global Education's annualized ROCE % for the quarter that ended in Mar. 2024 was 11.01%.

Adtalem Global Education ROCE % Historical Data

The historical data trend for Adtalem Global Education's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Adtalem Global Education ROCE % Chart

Adtalem Global Education Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

ROCE %

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8.30

11.79

4.99

2.11

6.94

Adtalem Global Education Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															10.09	7.69	4.99	10.27	11.01

Adtalem Global Education ROCE % Calculation

Adtalem Global Education's annualized ROCE % for the fiscal year that ended in Jun. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jun. 2023 )		(A: Jun. 2022 )		(A: Jun. 2023 )
	=	161.701	/	( ( (2866.607 - 400.77)	+	(2594.129 - 398) )	/ 2 )
	=	161.701	/	( (2465.837	+	2196.129)	/ 2 )
	=	161.701	/	2330.983
	=	6.94 %

Adtalem Global Education's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	227.944	/	( ( (2476.748 - 365.491)	+	(2497.831 - 468.381) )	/ 2 )
	=	227.944	/	( ( 2111.257	+	2029.45 )	/ 2 )
	=	227.944	/	2070.3535
	=	11.01 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

Adtalem Global Education (FRA:DVY) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Adtalem Global Education ROCE % Related Terms

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Adtalem Global Education (FRA:DVY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Adtalem Global Education Inc (FRA:DVY) » Definitions » ROCE %

Comparable Companies

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ATGE:USA DVY:Germany

Address

500 West Monroe Street, Suite 28, Chicago, IL, USA, 60661

Website

https://www.adtalem.com

Adtalem Global Education Inc is an American for-profit educational company that operates various university and educational programs. The company runs eight colleges and universities that specialize in business, medicine, education, and nursing degree programs. DeVry Education Group has over 90 campuses as well as online courses that offer associate, bachelor, and postgraduate degrees. Enrollment in its business colleges represents almost half of overall student enrollment, followed by technology and healthcare. The company derives the majority of its revenue from student enrollment fees using federal financial aid programs such as Pell Fund grants.