Adtalem Global Education Inc (ATGE)
Days of inventory on hand (DOH)
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | — | 951.08 | — | — | — | |
| DOH | days | — | 0.38 | — | — | — |
June 30, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ —
= —
Based on the provided data, Adtalem Global Education Inc's days of inventory on hand (DOH) was not calculated for the years ended June 30, 2021, 2022, and 2024. However, for the year ended June 30, 2023, the company had a DOH of 0.38 days.
The low DOH of 0.38 days in 2023 suggests that Adtalem Global Education Inc had very efficient inventory management during that period. A low DOH typically indicates that the company is able to quickly turn its inventory into sales, minimizing the risk of obsolete or excess inventory. This efficient inventory management can potentially lead to cost savings and improved cash flow for the company.
It is important to note that the absence of DOH calculations for the other years makes it challenging to form a consistent trend or comparison over multiple periods. Further analysis and context regarding the company's operations and industry benchmarks would be necessary to derive more meaningful insights into the efficiency of Adtalem Global Education Inc's inventory management.
Peer comparison
Jun 30, 2024