Adtalem Global Education (Adtalem Global Education) Days Payable : 46.92 (As of Mar. 2024)

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What is Adtalem Global Education Days Payable?

Adtalem Global Education's average Accounts Payable for the three months ended in Mar. 2024 was $90 Mil. Adtalem Global Education's Cost of Goods Sold for the three months ended in Mar. 2024 was $175 Mil. Hence, Adtalem Global Education's Days Payable for the three months ended in Mar. 2024 was 46.92.

The historical rank and industry rank for Adtalem Global Education's Days Payable or its related term are showing as below:

ATGE' s Days Payable Range Over the Past 10 Years
Min: 19.93 Med: 35.62 Max: 44.28
Current: 44.28

During the past 13 years, Adtalem Global Education's highest Days Payable was 44.28. The lowest was 19.93. And the median was 35.62.

ATGE's Days Payable is ranked better than
54.72% of 212 companies
in the Education industry
Industry Median: 36.105 vs ATGE: 44.28

Adtalem Global Education's Days Payable increased from Mar. 2023 (39.76) to Mar. 2024 (46.92). It may suggest that Adtalem Global Education delayed paying its suppliers.

Adtalem Global Education Days Payable Historical Data

The historical data trend for Adtalem Global Education's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Adtalem Global Education Days Payable Chart

Adtalem Global Education Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

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39.02

39.87

35.43

27.54

39.10

Adtalem Global Education Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															39.76	43.23	42.94	43.74	46.92

Competitive Comparison of Adtalem Global Education's Days Payable

For the Education & Training Services subindustry, Adtalem Global Education's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Adtalem Global Education's Days Payable Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, Adtalem Global Education's Days Payable distribution charts can be found below:

* The bar in red indicates where Adtalem Global Education's Days Payable falls into.

Adtalem Global Education Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Adtalem Global Education's Days Payable for the fiscal year that ended in Jun. 2023 is calculated as

	Days Payable (A: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jun. 2022 )	+	Accounts Payable (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (57.14	+	81.812)	/	2 )	/	648.486	*	365
=	69.476					/	648.486	*	365
=	39.10

Adtalem Global Education's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (88.093	+	92.198)	/	2 )	/	175.321	*	365 / 4
=	90.1455					/	175.321	*	365 / 4
=	46.92

Adtalem Global Education Days Payable Related Terms

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Adtalem Global Education (Adtalem Global Education) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Adtalem Global Education Inc (NYSE:ATGE) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

DVY:Germany

Address

500 West Monroe Street, Suite 28, Chicago, IL, USA, 60661

Website

https://www.adtalem.com

Adtalem Global Education Inc is an American for-profit educational company that operates various university and educational programs. The company runs eight colleges and universities that specialize in business, medicine, education, and nursing degree programs. DeVry Education Group has over 90 campuses as well as online courses that offer associate, bachelor, and postgraduate degrees. Enrollment in its business colleges represents almost half of overall student enrollment, followed by technology and healthcare. The company derives the majority of its revenue from student enrollment fees using federal financial aid programs such as Pell Fund grants.

Executives

Maurice Herrera	officer: Chief Marketing Officer	500 W. MONROE, 28TH FLOOR, CHICAGO IL 60661
Blake Simpson	officer: SVP, Chief Comms Officer	500 W. MONROE, SUITE 1300, CHICAGO IL 60661
Lisa W Wardell	director	5900 RYLAND DRIVE, BETHESDA MD 20817
Manjunath Gangadharan	officer: VP, Chief Accounting Officer	600 WEST CHICAGO AVE., STE 400, CHICAGO IL 60654
William W Burke	director	3868 MOCKINGBIRD LN, DALLAS TX 75205
Lyle Logan	director	ONE TOWER LANE, OAKBROOK TERRACE IL 60181
Evan Trent	officer: SVP, Chief Strat. & Transform	500 W. MONROE, 28TH FLOOR, CHICAGO IL 60661
William V Krehbiel	director	500 W. MONROE, CHICAGO IL 60661
James Raymond Bartholomew	officer: President, DeVry University	2449 MARCY AVENUE, EVANSTON IL 60201
Michael Betz	officer: President, Walden University	500 W. MONROE, 28TH FLOOR, CHICAGO IL 60661
Cheryl James	officer: SVP, CHRO	500 W. MONROE, 28TH FLOOR, CHICAGO IL 60661
Sharon O'keefe	director	C/O VOCERA COMMUNICATIONS, INC., 525 RACE STREET, SAN JOSE CA 95126
Michael W Malafronte	director	INTERNATIONAL VALUE ADVISERS, LLC, 717 FIFTH AVE, 10TH FLOOR, NEW YORK NY 10022
Georgette D. Kiser	director	1001 PENNSYLVANIA AVENUE, NW, WASHINGTON DC 20004-2505
Kenneth J Phelan	director	HUNTINGTON BANCSHARES INCORPORATED, 41 S. HIGH STREET, COLUMBUS OH 43215