Garden Stage (Garden Stage) Days Payable : 1,910.98 (As of Sep. 2023)

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What is Garden Stage Days Payable?

Garden Stage's average Accounts Payable for the six months ended in Sep. 2023 was $8.16 Mil. Garden Stage's Cost of Goods Sold for the six months ended in Sep. 2023 was $0.78 Mil. Hence, Garden Stage's Days Payable for the six months ended in Sep. 2023 was 1,910.98.

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: 882.98 Med: 1437.35 Max: 1820.52
Current: 1753.18

During the past 3 years, Garden Stage's highest Days Payable was 1820.52. The lowest was 882.98. And the median was 1437.35.

GSIW's Days Payable is ranked better than
86.1% of 525 companies
in the Capital Markets industry
Industry Median: 102.67 vs GSIW: 1753.18

Garden Stage's Days Payable increased from Sep. 2022 (1,664.61) to Sep. 2023 (1,910.98). It may suggest that Garden Stage delayed paying its suppliers.

Garden Stage Days Payable Historical Data

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.

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Garden Stage Days Payable Chart

Garden Stage Annual Data

Trend

Mar21

Mar22

Mar23

Days Payable

882.98

1,820.52

1,437.35

Garden Stage Semi-Annual Data
	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Payable	Get a 7-Day Free Trial			2,521.99	1,192.93	1,664.61	1,709.33	1,910.98

Competitive Comparison of Garden Stage's Days Payable

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's Days Payable Distribution in the 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.

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. 2023 is calculated as

	Days Payable (A: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2022 )	+	Accounts Payable (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (7.857	+	10.289)	/	2 )	/	2.304	*	365
=	9.073					/	2.304	*	365
=	1,437.35

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

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (10.289	+	6.025)	/	2 )	/	0.779	*	365 / 2
=	8.157					/	0.779	*	365 / 2
=	1,910.98

Garden Stage Days Payable 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 » Days Payable

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.