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ATGE (Adtalem Global Education) Receivables Turnover : 2.86 (As of Dec. 2024)


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What is Adtalem Global Education Receivables Turnover?

The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. Adtalem Global Education's Revenue for the three months ended in Dec. 2024 was $448 Mil. Adtalem Global Education's average Accounts Receivable for the three months ended in Dec. 2024 was $157 Mil. Hence, Adtalem Global Education's Receivables Turnover for the three months ended in Dec. 2024 was 2.86.


Adtalem Global Education Receivables Turnover Historical Data

The historical data trend for Adtalem Global Education's Receivables Turnover 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 Receivables Turnover Chart

Adtalem Global Education Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Receivables Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10.16 13.83 22.17 15.74 13.80

Adtalem Global Education Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
Receivables Turnover Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.85 3.06 3.09 2.82 2.86

Competitive Comparison of Adtalem Global Education's Receivables Turnover

For the Education & Training Services subindustry, Adtalem Global Education's Receivables Turnover, along with its competitors' market caps and Receivables Turnover 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 Receivables Turnover Distribution in the Education Industry

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

* The bar in red indicates where Adtalem Global Education's Receivables Turnover falls into.


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Adtalem Global Education Receivables Turnover Calculation

Receivables Turnover measures the number of times a company collects its average accounts receivable balance.

Adtalem Global Education's Receivables Turnover for the fiscal year that ended in Jun. 2024 is calculated as

Receivables Turnover (A: Jun. 2024 )
=Revenue / Average Total Inventories
=Revenue (A: Jun. 2024 ) / ((Accounts Receivable (A: Jun. 2023 ) + Accounts Receivable (A: Jun. 2024 )) / count )
=1584.652 / ((102.749 + 126.833) / 2 )
=1584.652 / 114.791
=13.80

Adtalem Global Education's Receivables Turnover for the quarter that ended in Dec. 2024 is calculated as

Receivables Turnover (Q: Dec. 2024 )
=Revenue / Average Total Inventories
=Revenue (Q: Dec. 2024 ) / ((Accounts Receivable (Q: Sep. 2024 ) + Accounts Receivable (Q: Dec. 2024 )) / count )
=447.729 / ((168.919 + 144.351) / 2 )
=447.729 / 156.635
=2.86

* 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.


Adtalem Global Education  (NYSE:ATGE) Receivables Turnover Explanation

An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.


Adtalem Global Education Receivables Turnover Related Terms

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Adtalem Global Education Business Description

Traded in Other Exchanges
Address
500 West Monroe Street, Suite 28, Chicago, IL, USA, 60661
Adtalem Global Education Inc is an American for-profit educational company that operates various university and educational programs. The company has three segments namely Chamberlain; Walden; and Medical and Veterinary. It derives maximum revenue from Chamberlain segment.
Executives
Michael W Malafronte director INTERNATIONAL VALUE ADVISERS, LLC, 717 FIFTH AVE, 10TH FLOOR, NEW YORK NY 10022
Donna J Hrinak director C/O AOL LATIN AMERICA, 6600 N. ANDREWS AVE, SUITE 400, FT. LAUDERDALE FL 33309
Michael Betz officer: President, Walden University 500 W. MONROE, 28TH FLOOR, CHICAGO IL 60661
William W Burke director 3868 MOCKINGBIRD LN, DALLAS TX 75205
Lisa W Wardell director 5900 RYLAND DRIVE, BETHESDA MD 20817
Maurice Herrera officer: Chief Marketing Officer 500 W. MONROE, 28TH FLOOR, CHICAGO IL 60661
Manjunath Gangadharan officer: VP, Chief Accounting Officer 600 WEST CHICAGO AVE., STE 400, CHICAGO IL 60654
Blake Simpson officer: SVP, Chief Comms Officer 500 W. MONROE, SUITE 1300, CHICAGO IL 60661
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
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
Georgette D. Kiser director 1001 PENNSYLVANIA AVENUE, NW, WASHINGTON DC 20004-2505