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Adtalem Global Education (Adtalem Global Education) Total Inventories : $0 Mil (As of Mar. 2024)


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What is Adtalem Global Education Total Inventories?

Adtalem Global Education's total inventories for the quarter that ended in Mar. 2024 was $0 Mil. Adtalem Global Education's average total inventories from the quarter that ended in Dec. 2023 to the quarter that ended in Mar. 2024 was $0 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. Adtalem Global Education's Net-Net Working Capital per share for the quarter that ended in Mar. 2024 was $-29.41.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Adtalem Global Education's Days Inventory for the three months ended in Mar. 2024 was 0.00.

Inventory Turnover measures how fast the company turns over its inventory within a year.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Adtalem Global Education's Inventory-to-Revenue for the quarter that ended in Mar. 2024 was 0.00.


Adtalem Global Education Total Inventories Historical Data

The historical data trend for Adtalem Global Education's Total Inventories 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 Total Inventories Chart

Adtalem Global Education Annual Data
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Adtalem Global Education Quarterly Data
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Adtalem Global Education Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.


Adtalem Global Education  (NYSE:ATGE) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

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

Net-Net Working Capital Per Share (Q: Mar. 2024 )
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(179.762+0.75 * 138.21+0.5 * 0-1394.071
-0-0)/37.765
=-29.41

2. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Adtalem Global Education's Days Inventory for the three months ended in Mar. 2024 is calculated as:

Days Inventory=Average Total Inventories (Q: Mar. 2024 )/Cost of Goods Sold (Q: Mar. 2024 )*Days in Period
=0/175.321*365 / 4
=0.00

3. Inventory Turnover measures how fast the company turns over its inventory within a year.

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

Inventory Turnover=Cost of Goods Sold (Q: Mar. 2024 ) / Average Total Inventories (Q: Mar. 2024 )
=175.321 / 0
=N/A

4. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Adtalem Global Education's Inventory to Revenue for the quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue=Average Total Inventories (Q: Mar. 2024 ) / Revenue (Q: Mar. 2024 )
=0 / 412.658
=0.00

* 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.


Be Aware

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.


Adtalem Global Education Total Inventories Related Terms

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Adtalem Global Education (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 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