GSIW (Garden Stage) Days Payable: 519.51 (As of Sep. 2025) — 44% Below Median


GSIW Garden Stage Ltd GSIW
12 GF Score
Price $29.39
! 1 Warning Sign
View Full Analysis

What is Garden Stage Days Payable?

Garden Stage GSIW +5.72% 12 Days Payable is 519.51 as of Sep. 2025, which is 44% below its 10-year median of 934.95. GuruFocus rates GSIW with a GF Score™ of 12/100. The stock has 1 warning sign investors should review. Among 541 Capital Markets companies, Garden Stage ranks better than 73.57% on this metric.

Garden Stage's average Accounts Payable for the six months ended in Sep. 2025 was $10.22 Mil. Garden Stage's Cost of Goods Sold for the six months ended in Sep. 2025 was $3.59 Mil. Hence, Garden Stage's Days Payable for the six months ended in Sep. 2025 was 519.51.

The historical rank and industry rank for Garden Stage's Days Payable or its related term are showing as below:

GSIW' s Days Payable Range Over the Past 10 Years
Min: 518.8   Med: 934.95   Max: 1820.52
Current: 518.8

During the past 5 years, Garden Stage's highest Days Payable was 1820.52. The lowest was 518.80. And the median was 934.95.

GSIW's Days Payable is ranked better than
73.57% of 541 companies
in the Capital Markets industry
Industry Median: 91.67 vs GSIW: 518.80

Garden Stage's Days Payable declined from Sep. 2024 (702.31) to Sep. 2025 (519.51). It may suggest that Garden Stage accelerated paying its suppliers.


Garden Stage Days Payable Historical Data

* Premium members only.

The historical data trend for Garden Stage's Days Payable 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.

Garden Stage Days Payable Chart

Garden Stage Annual Data
Trend Mar21 Mar22 Mar23 Mar24 Mar25
Days Payable
882.98 1,820.52 1,437.35 934.95 543.64

Garden Stage Semi-Annual Data
Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,910.98 457.99 702.31 484.14 519.51

GSIW vs MATH, HGBL, PLUT: Days Payable Comparison

For the Capital Markets subindustry, Garden Stage's Days Payable, along with its competitors' market caps and Days Payable 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.


Garden Stage Days Payable vs Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Garden Stage's Days Payable distribution charts can be found below:

* The bar in red indicates where Garden Stage's Days Payable falls into.


GSIW
12GF Score
Garden Stage Ltd GSIW
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Garden Stage Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Garden Stage's Days Payable for the fiscal year that ended in Mar. 2025 is calculated as

Days Payable (A: Mar. 2025 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Mar. 2024 ) + Accounts Payable (A: Mar. 2025 )) / count ) / Cost of Goods Sold (A: Mar. 2025 )*Days in Period
=( (6.909 + 8.426) / 2 ) / 5.148*365
=7.6675 / 5.148*365
=543.64

Garden Stage's Days Payable for the quarter that ended in Sep. 2025 is calculated as:

Days Payable (Q: Sep. 2025 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Mar. 2025 ) + Accounts Payable (Q: Sep. 2025 )) / count ) / Cost of Goods Sold (Q: Sep. 2025 )*Days in Period
=( (8.426 + 12.013) / 2 ) / 3.59*365 / 2
=10.2195 / 3.59*365 / 2
=519.51

* 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.

Frequently Asked Questions Learn more about Days Payable →
What does a Days Payable of 519.51 mean?
Garden Stage (GSIW) has a Days Payable of 519.51 as of Sep. 2025. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Garden Stage and its competitors. This is 44% below median its historical median of 934.95. Over the past decade, Garden Stage's Days Payable has ranged from 518.80 to 1,820.52. According to the industry distribution chart, Garden Stage ranks #143 out of 541 companies in the Capital Markets industry, placing it in the top 26.4%.
Is Garden Stage's Days Payable too high?
Garden Stage's current Days Payable of 519.51 is 44% below median its 10-year median of 934.95. Over the past 10 years, this metric has ranged from a low of 518.80 to a high of 1,820.52. The Capital Markets industry median Days Payable is 91.67. Garden Stage's value of 519.51 is 466.7% above this industry median. Based on the distribution chart, Garden Stage ranks #143 out of 541 companies in the Capital Markets industry, which is above the industry midpoint. Overall, Garden Stage has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Garden Stage's Days Payable compare to MATH and HGBL?
According to the Capital Markets industry distribution chart, Garden Stage ranks #143 out of 541 companies for Days Payable. This puts Garden Stage in the upper half of its industry. The industry median Days Payable is 91.67. Garden Stage's value of 519.51 is 466.7% above this benchmark. Historically, Garden Stage's own Days Payable has ranged from 518.80 to 1,820.52 over the past decade. While the company's 10-year median is 934.95 vs. the industry median of 91.67, Garden Stage has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Payable for a Capital Markets company?
The median Days Payable among Capital Markets companies is 91.67, based on 541 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Garden Stage's current Days Payable of 519.51 is 466.7% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Garden Stage and its competitors. For the Capital Markets industry, the median Days Payable is 91.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Garden Stage's current Days Payable is 519.51, which is 44% below median its own 10-year median of 934.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Garden Stage stock overvalued right now?
Garden Stage (GSIW) has a current Days Payable of 519.51. The current Days Payable is 519.51, which is 44% below median its 10-year median of 934.95 and 466.7% above the Capital Markets industry median of 91.67. Garden Stage's overall GF Score™ is 12/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For Garden Stage (GSIW), the current Days Payable is 519.51 as of Sep. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Garden Stage Business Description

Address 141 Des Voeux Road Central, 30th Floor, China Insurance Group Building, Central, Hong Kong, HKG
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: I Win Securities, which is licensed to conduct Type 1 (dealing in securities) regulated activities under the SFO in Hong Kong; and 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.
12GF Score

Get the complete analysis for GSIW

Days Payable is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$29.39
Price