Adtalem Global Education Inc (ATGE)
Days of inventory on hand (DOH)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | — | — | 426.20 | 668.56 | 951.66 | 730.19 | 601.67 | — | — | — | — | — | — | — | — | — | — | — | — | — | |
| DOH | days | — | — | 0.86 | 0.55 | 0.38 | 0.50 | 0.61 | — | — | — | — | — | — | — | — | — | — | — | — | — |
June 30, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ —
= —
The Days of Inventory on Hand (DOH) for Adtalem Global Education Inc has shown fluctuations over the periods presented. The trend indicates a relatively low and stable DOH, with a range of 0.38 days to 0.86 days. This suggests that the company is efficient in managing its inventory levels, turning inventory into sales quickly. A low DOH typically signifies effective inventory management, reduced carrying costs, and potentially lower risk of obsolete inventory. However, it is essential to consider industry benchmarks and the company's specific operations to gain a better understanding of the effectiveness of its inventory management practices.
Peer comparison
Jun 30, 2024