Adtalem Global Education Inc (ATGE)

Inventory turnover

		Jun 30, 2025	Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021
Cost of revenue	US$ in thousands	719,413	698,548	648,486	659,776	489,233
Inventory	US$ in thousands	—	0	1,386	—	—
Inventory turnover		—	—	467.88	—	—

June 30, 2025 calculation

Inventory turnover = Cost of revenue ÷ Inventory
= $719,413K ÷ $—K
= —

The inventory turnover ratio for Adtalem Global Education Inc. exhibits significant fluctuations over the specified periods. For June 30, 2021, and June 30, 2022, the inventory turnover data is unavailable or not reported, indicating either the absence of inventory or that the ratio was not deemed relevant for those years. By June 30, 2023, the inventory turnover ratio is reported at 467.88, which signifies a highly rapid inventory liquidation cycle. This unusually high figure suggests an exceptional efficiency in inventory management, potentially indicating minimal inventory holdings relative to sales volume or a quick turnover process. The subsequent periods, June 30, 2024, and June 30, 2025, again lack reported data, which could imply either a discontinuation of inventory or reporting anomalies. Overall, the notable spike in the inventory turnover ratio as of June 30, 2023, highlights a period where inventory management was exceptionally efficient, although the absence of data for other years limits a comprehensive trend analysis.