Adtalem Global Education (FRA:DVY) Accounts Receivable : €127 Mil (As of Mar. 2024)

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What is Adtalem Global Education Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Adtalem Global Education's accounts receivables for the quarter that ended in Mar. 2024 was €127 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Adtalem Global Education's Days Sales Outstanding for the quarter that ended in Mar. 2024 was 30.56.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Adtalem Global Education's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was €-27.06.

Adtalem Global Education Accounts Receivable Historical Data

The historical data trend for Adtalem Global Education's Accounts Receivable 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 Accounts Receivable Chart

Adtalem Global Education Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Accounts Receivable

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73.95

77.29

35.72

77.23

94.84

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
Accounts Receivable	Get a 7-Day Free Trial															103.33	94.84	136.03	120.21	127.15

Adtalem Global Education Accounts Receivable Calculation

Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.

Adtalem Global Education Accounts Receivable Explanation

1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's accounts receivables are being managed.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	127.153	/	379.645	*	91
=	30.56

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Adtalem Global Education's accounts receivable are only considered to be worth 75% of book value:

Adtalem Global Education's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2024 is calculated as:

	Net-Net Working Capital Per Share
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(165.381	+	0.75 * 127.153	+	0.5 * 0	-	1282.545
-	0	-	0)	/	37.765
=	-27.06

Be Aware

Net receivables tells us a great deal about the different competitors in the same industry. In competitive industries, some attempt to gain advantage by offering better credit terms, causing increase in sales and receivables.

If company consistently shows lower % Net receivables to gross sales than competitors, then it usually has some kind of competitive advantage which requires further digging.

Average Days Sales Outstanding is a good indicator for measuring a company's sales channel and customers. A company may book great revenue and earnings growth but never receive payment from their customers. This may force a write-off in the future and depress future earnings.

Adtalem Global Education Accounts Receivable Related Terms

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Adtalem Global Education (FRA:DVY) Business Description

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GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Adtalem Global Education Inc (FRA:DVY) » Definitions » Accounts Receivable

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ATGE:USA 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.