Adtalem Global Education Inc (ATGE)

Days of sales outstanding (DSO)

		Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020
Receivables turnover		12.49	14.12	16.93	13.23	9.95
DSO	days	29.21	25.85	21.56	27.60	36.67

June 30, 2024 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 12.49
= 29.21

Adtalem Global Education Inc's days of sales outstanding (DSO) have fluctuated over the past five years. In particular, the DSO increased from 21.56 days in June 2022 to 36.67 days in June 2020 before decreasing to 29.21 days in June 2024. This indicates that the company's efficiency in collecting accounts receivable improved in 2024 compared to 2020 but was still higher than the level seen in 2022. The trend suggests that Adtalem Global Education Inc may have made efforts to streamline its accounts receivable processes in recent years, resulting in quicker collection of sales proceeds. However, ongoing monitoring of DSO is recommended to ensure continued efficiency in managing receivables.