Garden Stage (Garden Stage) Change In Receivables : $1.23 Mil (TTM As of Sep. 2023)

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What is Garden Stage Change In Receivables?

Garden Stage's change in receivables for the quarter that ended in Sep. 2023 was $5.50 Mil. It means Garden Stage's Accounts Receivable declined by $5.50 Mil from Mar. 2023 to Sep. 2023 .

Garden Stage's change in receivables for the fiscal year that ended in Mar. 2023 was $-4.07 Mil. It means Garden Stage's Accounts Receivable increased by $4.07 Mil from Mar. 2022 to Mar. 2023 .

Garden Stage's Accounts Receivable for the quarter that ended in Sep. 2023 was $0.63 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. Garden Stage's Days Sales Outstanding for the six months ended in Sep. 2023 was 159.59.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. Garden Stage's liquidation value for the six months ended in Sep. 2023 was $-4.93 Mil.

Garden Stage Change In Receivables Historical Data

The historical data trend for Garden Stage'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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Garden Stage Change In Receivables Chart

Garden Stage Annual Data

Trend

Mar21

Mar22

Mar23

Change In Receivables

-2.43

0.51

-4.07

Garden Stage Semi-Annual Data
	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Change In Receivables	Get a 7-Day Free Trial			-2.23	2.73	0.20	-4.27	5.50

Garden Stage 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 $1.23 Mil.

Garden Stage (NAS:GSIW) 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.

Garden Stage's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	0.634	/	0.725	*	91
=	159.59

2. In Ben Graham's calculation of liquidation value, Garden Stage's accounts receivable are only considered to be worth 75% of book value:

Garden Stage'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)
=	0.677	-	6.082	+	0.75 * 0.634	+	0.5 * 0
=	-4.93

Garden Stage Change In Receivables Related Terms

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Garden Stage (Garden Stage) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Garden Stage Ltd (NAS:GSIW) » Definitions » Change In Receivables

Comparable Companies

Traded in Other Exchanges

N/A

Address

141 Des Voeux Road Central, Room 201, 2/F, China Insurance Group Building, Hong Kong, HKG

Website

https://www.iwinsec.com

Garden Stage Ltd is a Hong Kong-based financial services provider principally engaged in the provision of placing and underwriting services; securities dealing and brokerage services; and asset management services. Its business is carried out through its wholly owned Operating Subsidiaries: a) I Win Securities, which is licensed to conduct Type 1 (dealing in securities) regulated activities under the SFO in Hong Kong, and b) I Win Asset Management, which is licensed to conduct Type 4 (advising on securities) and Type 9 (asset management) regulated activities under the SFO in Hong Kong.