Goldway Education Group (HKSE:08160) Days Sales Outstanding : 12.44 (As of Sep. 2023)

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What is Goldway Education Group Days Sales Outstanding?

Goldway Education Group's average Accounts Receivable for the three months ended in Sep. 2023 was HK$1.94 Mil. Goldway Education Group's Revenue for the three months ended in Sep. 2023 was HK$14.24 Mil. Hence, Goldway Education Group's Days Sales Outstanding for the three months ended in Sep. 2023 was 12.44.

The historical rank and industry rank for Goldway Education Group's Days Sales Outstanding or its related term are showing as below:

HKSE:08160' s Days Sales Outstanding Range Over the Past 10 Years
Min: 6 Med: 12.1 Max: 13.57
Current: 12.51

During the past 10 years, Goldway Education Group's highest Days Sales Outstanding was 13.57. The lowest was 6.00. And the median was 12.10.

HKSE:08160's Days Sales Outstanding is ranked better than
67.2% of 250 companies
in the Education industry
Industry Median: 28.63 vs HKSE:08160: 12.51

Goldway Education Group's Days Sales Outstanding increased from Sep. 2022 (8.58) to Sep. 2023 (12.44).

Goldway Education Group Days Sales Outstanding Historical Data

The historical data trend for Goldway Education Group's Days Sales Outstanding 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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Goldway Education Group Days Sales Outstanding Chart

Goldway Education Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Sales Outstanding

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12.98

12.07

10.13

6.00

12.12

Goldway Education Group Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Sales Outstanding	Get a 7-Day Free Trial															8.58	5.29	16.74	23.72	12.44

Competitive Comparison of Goldway Education Group's Days Sales Outstanding

For the Education & Training Services subindustry, Goldway Education Group's Days Sales Outstanding, along with its competitors' market caps and Days Sales Outstanding 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.

Goldway Education Group's Days Sales Outstanding Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, Goldway Education Group's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Goldway Education Group's Days Sales Outstanding falls into.

Goldway Education Group Days Sales Outstanding Calculation

Days Sales Outstanding measures 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.

Accounts Receivable can be measured by Days Sales Outstanding.

Goldway Education Group's Days Sales Outstanding for the fiscal year that ended in Mar. 2023 is calculated as

	Days Sales Outstanding (A: Mar. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Mar. 2022 )	+	Accounts Receivable (A: Mar. 2023 ))	/	count )	/	Revenue (A: Mar. 2023 )	*	Days in Period
=	( (0.588	+	2.312)	/	2 )	/	43.662	*	365
=	1.45					/	43.662	*	365
=	12.12

Goldway Education Group's Days Sales Outstanding for the quarter that ended in Sep. 2023 is calculated as:

	Days Sales Outstanding (Q: Sep. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Jun. 2023 )	+	Accounts Receivable (A: Sep. 2023 ))	/	count )	/	Revenue (A: Sep. 2023 )	*	Days in Period
=	( (0	+	1.942)	/	1 )	/	14.24	*	365 / 4
=	1.942					/	14.24	*	365 / 4
=	12.44

Goldway Education Group (HKSE:08160) Days Sales Outstanding Explanation

For retailers, when we compare Days Sales Outstanding, it is important to compare the same period in the previous years.

Goldway Education Group Days Sales Outstanding Related Terms

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Goldway Education Group (HKSE:08160) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Goldway Education Group Ltd (HKSE:08160) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

Shop B10, 1/F, Goodrich Shopping Arcade, Tuen Mun, New Territories, Hong Kong, HKG

Website

http://www.goldwayedugp.com

Goldway Education Group Ltd is an investment holding company. Its subsidiaries are principally engaged in the provision of tutoring services and franchising services in Hong Kong. The Group provides private tutoring services including primary and secondary tutoring services under the trade name of "Logic Tutorial Centre" and "Pedagog Education Centre".

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