Golden Sun Health Technology Group (Golden Sun Health Technology Group) Cash Conversion Cycle : -65.52 (As of Sep. 2023)

View and export this data going back to 2022. Start your Free Trial

What is Golden Sun Health Technology Group Cash Conversion Cycle?

Cash Conversion Cycle is one of several measures of management effectiveness. It equals Days Sales Outstanding + Days Inventory - Days Payable.

Golden Sun Health Technology Group's Days Sales Outstanding for the six months ended in Sep. 2023 was 9.3.
Golden Sun Health Technology Group's Days Inventory for the six months ended in Sep. 2023 was 13.53.
Golden Sun Health Technology Group's Days Payable for the six months ended in Sep. 2023 was 88.35.
Therefore, Golden Sun Health Technology Group's Cash Conversion Cycle (CCC) for the six months ended in Sep. 2023 was -65.52.

Golden Sun Health Technology Group Cash Conversion Cycle Historical Data

The historical data trend for Golden Sun Health Technology Group's Cash Conversion Cycle 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.

* Premium members only.

Golden Sun Health Technology Group Cash Conversion Cycle Chart

Golden Sun Health Technology Group Annual Data

Trend

Sep19

Sep20

Sep21

Sep22

Sep23

Cash Conversion Cycle

-43.33

-39.68

9.39

-9.54

-44.81

Golden Sun Health Technology Group Semi-Annual Data
	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Cash Conversion Cycle	Get a 7-Day Free Trial				-38.43	0.97	-7.05	-54.33	-65.52

Competitive Comparison of Golden Sun Health Technology Group's Cash Conversion Cycle

For the Education & Training Services subindustry, Golden Sun Health Technology Group's Cash Conversion Cycle, along with its competitors' market caps and Cash Conversion Cycle 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.

Golden Sun Health Technology Group's Cash Conversion Cycle Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, Golden Sun Health Technology Group's Cash Conversion Cycle distribution charts can be found below:

* The bar in red indicates where Golden Sun Health Technology Group's Cash Conversion Cycle falls into.

Golden Sun Health Technology Group Cash Conversion Cycle Calculation

Cash Conversion Cycle (CCC) measures how fast a company can convert cash on hand into even more cash on hand. This metric looks at the amount of time needed to sell inventory, the amount of time needed to collect receivables and the length of time the company is afforded to pay its bills without incurring penalties.

Cash Conversion Cycle is one of several measures of management effectiveness.

Golden Sun Health Technology Group's Cash Conversion Cycle for the fiscal year that ended in Sep. 2023 is calculated as

Cash Conversion Cycle	=	Days Sales Outstanding	+	Days Inventory	-	Days Payable
	=	10.85	+	12.88	-	68.54
	=	-44.81

Golden Sun Health Technology Group's Cash Conversion Cycle for the quarter that ended in Sep. 2023 is calculated as:

Cash Conversion Cycle	=	Days Sales Outstanding	+	Days Inventory	-	Days Payable
	=	9.3	+	13.53	-	88.35
	=	-65.52

Golden Sun Health Technology Group (NAS:GSUN) Cash Conversion Cycle Explanation

Generally, the lower this number is, the better for the company. Although it should be combined with other metrics (such as ROE % and ROA %), it can be especially useful for comparing close competitors, because the company with the lowest CCC is often the one with better management.

Be Aware

CCC is most effective with retail-type companies, which have inventories that are sold to customers. Consulting businesses, software companies and insurance companies are all examples of companies for whom this metric is meaningless.

The CCC is one of several tools that can help you evaluate management, especially if it is calculated for several consecutive time periods and for several competitors. Decreasing or steady CCCs are good, while rising ones should motivate you to dig a bit deeper.

Golden Sun Health Technology Group Cash Conversion Cycle Related Terms

Thank you for viewing the detailed overview of Golden Sun Health Technology Group's Cash Conversion Cycle provided by GuruFocus.com. Please click on the following links to see related term pages.

Golden Sun Health Technology Group (Golden Sun Health Technology Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Golden Sun Health Technology Group Ltd (NAS:GSUN) » Definitions » Cash Conversion Cycle

Comparable Companies

Traded in Other Exchanges

N/A

Address

Profit Huiyin Square North Building, Huashan 2018, Unit 1001, Xuhui District, Shanghai, CHN

Website

https://www.jtyjyjt.com

Golden Sun Education Group Ltd is engaged in the provision of education and management services in the People's Republic of China. The company offers private school educational services and foreign language tutorial services and other education training management services. The firm operates four tutorial centers; Yangfushan Tutorial offers a Gaokao repeater tutorial program to high school students who retake Gaokao, Hongkou Tutorial offers various English and other foreign language tutorial programs, Jicai Tutorial offers non-English foreign language tutorial programs to individual students, companies, and other organizations and Zhouzhi Tutorial offers non-English foreign language tutorial programs to individual students, companies and other organizations.