Adtalem Global Education Inc (ATGE)

Receivables turnover

		Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019
Revenue (ttm)	US$ in thousands	1,584,652	1,539,386	1,495,810	1,465,402	1,450,826	1,447,416	1,442,615	1,450,979	1,385,780	1,248,015	1,113,947	977,145	906,901	943,164	984,438	1,016,214	1,052,001	1,056,512	1,043,728	1,031,517
Receivables	US$ in thousands	126,833	140,909	133,666	147,752	102,749	113,284	99,542	111,858	81,635	96,064	92,744	163,211	67,996	77,559	91,051	99,536	87,042	98,732	93,394	116,212
Receivables turnover		12.49	10.92	11.19	9.92	14.12	12.78	14.49	12.97	16.98	12.99	12.01	5.99	13.34	12.16	10.81	10.21	12.09	10.70	11.18	8.88

June 30, 2024 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $1,584,652K ÷ $126,833K
= 12.49

The receivables turnover ratio for Adtalem Global Education Inc has shown variability over the past few quarters. The ratio measures how efficiently the company is collecting its accounts receivable during a specific period. A higher receivables turnover ratio indicates that the company is collecting its outstanding credit sales more quickly.

Based on the data provided, the receivables turnover ratio has fluctuated between 5.99 and 16.98 over the past 20 quarters. In general, the trend appears to have increased from the low of 5.99 in the first quarter of 2022 to the high of 16.98 in the third quarter of 2022. However, there are periods of fluctuations in between.

It is important to note that a sudden decrease in the receivables turnover ratio could indicate potential issues with collecting accounts receivable efficiently or a change in the company's credit policies. On the other hand, a consistent and increasing trend in the ratio may suggest improved collection efforts and financial health.

Further analysis and comparison with industry benchmarks or historical data would provide more insights into Adtalem Global Education Inc's effectiveness in managing its accounts receivable and overall financial performance.