Adtalem Global Education Inc (ATGE)
Number of days of payables
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 13.37 | 16.11 | 23.70 | 22.81 | 19.90 | |
| Number of days of payables | days | 27.29 | 22.65 | 15.40 | 16.00 | 18.35 |
June 30, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 13.37
= 27.29
The number of days of payables for Adtalem Global Education Inc has shown an increasing trend over the past five years. In June 2020, the company took approximately 18.35 days to pay its suppliers, which then decreased slightly to 16.00 days in June 2021. However, there was a significant jump to 15.40 days in June 2022, indicating that the company was taking longer to pay its payables.
The trend continued with a further increase to 22.65 days in June 2023, and the most recent data in June 2024 shows the number of days of payables at 27.29 days. This suggests that Adtalem Global Education Inc is taking even longer to settle its payables compared to the previous years, which may have implications for its cash flow management and relationships with suppliers. It is important for the company to monitor and manage its payables effectively to ensure continued financial health and stability.
Peer comparison
Jun 30, 2024