GSUN (Golden Sun Health Technology Group) Days Payable : 93.45 (As of Mar. 2024)

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What is Golden Sun Health Technology Group Days Payable?

Golden Sun Health Technology Group's average Accounts Payable for the six months ended in Mar. 2024 was $1.06 Mil. Golden Sun Health Technology Group's Cost of Goods Sold for the six months ended in Mar. 2024 was $2.08 Mil. Hence, Golden Sun Health Technology Group's Days Payable for the six months ended in Mar. 2024 was 93.45.

The historical rank and industry rank for Golden Sun Health Technology Group's Days Payable or its related term are showing as below:

GSUN' s Days Payable Range Over the Past 10 Years
Min: 7.64 Med: 39.68 Max: 92.66
Current: 92.66

During the past 5 years, Golden Sun Health Technology Group's highest Days Payable was 92.66. The lowest was 7.64. And the median was 39.68.

GSUN's Days Payable is ranked better than
76.28% of 215 companies
in the Education industry
Industry Median: 35.47 vs GSUN: 92.66

Golden Sun Health Technology Group's Days Payable increased from Mar. 2023 (67.94) to Mar. 2024 (93.45). It may suggest that Golden Sun Health Technology Group delayed paying its suppliers.

Golden Sun Health Technology Group Days Payable Historical Data

The historical data trend for Golden Sun Health Technology Group'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.

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Golden Sun Health Technology Group Days Payable Chart

Golden Sun Health Technology Group Annual Data

Trend

Sep19

Sep20

Sep21

Sep22

Sep23

Days Payable

43.33

39.68

7.64

26.63

68.54

Golden Sun Health Technology Group Semi-Annual Data
	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Days Payable	Get a 7-Day Free Trial					19.48	38.05	67.94	88.35	93.45

Competitive Comparison of Golden Sun Health Technology Group's Days Payable

For the Education & Training Services subindustry, Golden Sun Health Technology Group'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.

Golden Sun Health Technology Group's Days Payable Distribution in the Education Industry

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

* The bar in red indicates where Golden Sun Health Technology Group's Days Payable falls into.

Golden Sun Health Technology Group 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.

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

	Days Payable (A: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Sep. 2022 )	+	Accounts Payable (A: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (A: Sep. 2023 )	*	Days in Period
=	( (0.665	+	0.974)	/	2 )	/	4.364	*	365
=	0.8195					/	4.364	*	365
=	68.54

Golden Sun Health Technology Group's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (0.974	+	1.151)	/	2 )	/	2.075	*	365 / 2
=	1.0625					/	2.075	*	365 / 2
=	93.45

Golden Sun Health Technology Group Days Payable Related Terms

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Golden Sun Health Technology Group Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

390 East Tiyuhui road, 8th Floor, Administration Building, Hongkou District, Shanghai, CHN

Website

https://www.jtyjyjt.com

Golden Sun Health Technology Group Ltd is engaged in the provision of education and management services in the People's Republic of China. It offers tutorial centers for children and adults, one educational company that partners with high schools to offer language classes to their students, and one logistics company that provides logistic and consulting services. The company operates in two segments; Education segment and the Wellness segment. Majority of the revenue is generated from the Education segment which offers foreign language tutorial services and other education training management services in China. The wellness segment offers wellness service and related products.