Adtalem Global Education Inc (ATGE)

Number of days of payables

		Jun 30, 2025	Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021
Payables turnover		6.85	6.81	7.93	11.55	11.53
Number of days of payables	days	53.28	53.62	46.05	31.61	31.65

June 30, 2025 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 6.85
= 53.28

The number of days of payables for Adtalem Global Education Inc. demonstrates a noticeable upward trend over the observed period. As of June 30, 2021, the company maintained approximately 31.65 days of payables, which remained relatively stable through June 30, 2022, at around 31.61 days. However, this metric experienced a significant increase by June 30, 2023, reaching approximately 46.05 days. The growth in the payable period continued into the subsequent years, with the figure rising to roughly 53.62 days by June 30, 2024, and slightly decreasing to about 53.28 days by June 30, 2025.

This progression indicates that the company has extended its average payables period over time, potentially reflecting changes in its payment policies, supplier negotiation strategies, or cash flow management practices. The increase from roughly 31.6 days in 2021–2022 to over 53 days in 2024–2025 suggests a deliberate or strategic elongation of the time taken to settle liabilities. Such an extended payables period can improve current liquidity by conserving cash in the short term but may also impact the company's relationships with suppliers or its creditworthiness if perceived as delaying payments excessively. Overall, the trend points toward a strategic shift toward lengthening payment durations over the analyzed timeframe.