Golden Sun Health Technology Group (Golden Sun Health Technology Group) Change In Receivables : $0.23 Mil (TTM As of Sep. 2023)

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What is Golden Sun Health Technology Group Change In Receivables?

Golden Sun Health Technology Group's change in receivables for the quarter that ended in Sep. 2023 was $0.32 Mil. It means Golden Sun Health Technology Group's Accounts Receivable declined by $0.32 Mil from Mar. 2023 to Sep. 2023 .

Golden Sun Health Technology Group's change in receivables for the fiscal year that ended in Sep. 2023 was $0.23 Mil. It means Golden Sun Health Technology Group's Accounts Receivable declined by $0.23 Mil from Sep. 2022 to Sep. 2023 .

Golden Sun Health Technology Group's Accounts Receivable for the quarter that ended in Sep. 2023 was $0.05 Mil.

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 Receivable are being managed. Golden Sun Health Technology Group's Days Sales Outstanding for the six months ended in Sep. 2023 was 3.75.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Golden Sun Health Technology Group's liquidation value for the six months ended in Sep. 2023 was $-8.40 Mil.

Golden Sun Health Technology Group Change In Receivables Historical Data

The historical data trend for Golden Sun Health Technology Group's Change In Receivables 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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Golden Sun Health Technology Group Change In Receivables Chart

Golden Sun Health Technology Group Annual Data

Trend

Sep19

Sep20

Sep21

Sep22

Sep23

Change In Receivables

-0.16

-1.22

0.54

0.23

Golden Sun Health Technology Group Semi-Annual Data
	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Change In Receivables	Get a 7-Day Free Trial				-0.83	-0.19	0.72	-0.09	0.32

Golden Sun Health Technology Group Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Sep. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was $0.23 Mil.

Golden Sun Health Technology Group (NAS:GSUN) Change In Receivables 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 Receivable are being managed.

Golden Sun Health Technology Group's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.054	/	2.629	*	91
=	3.75

2. In Ben Graham's calculation of liquidation value, Golden Sun Health Technology Group's accounts receivable are only considered to be worth 75% of book value:

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

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	6.553	-	15.072	+	0.75 * 0.054	+	0.5 * 0.154
=	-8.40

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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 » Change In Receivables

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Traded in Other Exchanges

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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.