Adtalem Global Education Inc (ATGE)
Inventory turnover
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 1,372,560 | 1,318,190 | 1,354,040 | 967,494 | 924,820 |
| Inventory | US$ in thousands | 0 | 1,386 | — | — | 0 |
| Inventory turnover | — | 951.08 | — | — | — |
June 30, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $1,372,560K ÷ $0K
= —
The inventory turnover ratio for Adtalem Global Education Inc was reported as 951.08 in June 2023. However, there were no data available for the inventory turnover ratio in June 2024, 2022, 2021, or 2020. This implies that the company may have experienced a significant improvement in efficiently managing its inventory in June 2023 compared to the previous and subsequent years. The high inventory turnover ratio of 951.08 indicates that Adtalem Global Education Inc was able to sell and replace its inventory more than 900 times during the fiscal year, which suggests effective inventory management practices and optimization of working capital. Further analysis and comparison with industry benchmarks would provide a better understanding of the company's inventory turnover performance.
Peer comparison
Jun 30, 2024