GSUN (Golden Sun Health Technology Group) Receivables Turnover : 45.11 (As of Sep. 2024)

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What is Golden Sun Health Technology Group Receivables Turnover?

The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. Golden Sun Health Technology Group's Revenue for the six months ended in Sep. 2024 was $6.45 Mil. Golden Sun Health Technology Group's average Accounts Receivable for the six months ended in Sep. 2024 was $0.14 Mil. Hence, Golden Sun Health Technology Group's Receivables Turnover for the six months ended in Sep. 2024 was 45.11.

Golden Sun Health Technology Group Receivables Turnover Historical Data

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

Golden Sun Health Technology Group Annual Data

Trend

Sep19

Sep20

Sep21

Sep22

Sep23

Sep24

Receivables Turnover

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21.44

21.35

33.64

193.50

Golden Sun Health Technology Group Semi-Annual Data
	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Receivables Turnover	Get a 7-Day Free Trial						5.89	13.41	19.62	25.66	45.11

Competitive Comparison of Golden Sun Health Technology Group's Receivables Turnover

For the Education & Training Services subindustry, Golden Sun Health Technology Group's Receivables Turnover, along with its competitors' market caps and Receivables Turnover 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 Receivables Turnover Distribution in the Education Industry

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

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

Golden Sun Health Technology Group Receivables Turnover Calculation

Receivables Turnover measures the number of times a company collects its average accounts receivable balance.

Golden Sun Health Technology Group's Receivables Turnover for the fiscal year that ended in Sep. 2024 is calculated as

	Receivables Turnover (A: Sep. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Sep. 2024 )	/ (	(Accounts Receivable (A: Sep. 2023 )	+	Accounts Receivable (A: Sep. 2024 ))	/	count )
=	10.159	/ (	(0.054	+	0.051)	/	2 )
=	10.159	/	0.0525
=	193.50

Golden Sun Health Technology Group's Receivables Turnover for the quarter that ended in Sep. 2024 is calculated as

	Receivables Turnover (Q: Sep. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Sep. 2024 )	/ (	(Accounts Receivable (Q: Mar. 2024 )	+	Accounts Receivable (Q: Sep. 2024 ))	/	count )
=	6.451	/ (	(0.235	+	0.051)	/	2 )
=	6.451	/	0.143
=	45.11

Golden Sun Health Technology Group (NAS:GSUN) Receivables Turnover Explanation

An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.

Golden Sun Health Technology Group Receivables Turnover 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 » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

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Address

No. 1599, Xinjinqiao Road, Room 503-504, Building C2, Pudong New Area, Shanghai, CHN, 200083

Website

https://www.jtyjyjt.com

Golden Sun Health Technology Group Ltd is a holding company. Along with its subsidiaries, it is engaged in the provision of education services and e-commerce business 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 logistics and consulting services. It has also established its wellness brands and an e-commerce platform to promote and sell wellness products. The company operates in the following segments; Education, which generates maximum revenue, and E-commerce.