TOP Financial Group (TOP Financial Group) Gross Margin % : 70.00% (As of Sep. 2023)

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What is TOP Financial Group Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. TOP Financial Group's Gross Profit for the six months ended in Sep. 2023 was $5.00 Mil. TOP Financial Group's Revenue for the six months ended in Sep. 2023 was $7.15 Mil. Therefore, TOP Financial Group's Gross Margin % for the quarter that ended in Sep. 2023 was 70.00%.

The historical rank and industry rank for TOP Financial Group's Gross Margin % or its related term are showing as below:

TOP' s Gross Margin % Range Over the Past 10 Years
Min: 20.42 Med: 46.57 Max: 67.93
Current: 67.93

During the past 4 years, the highest Gross Margin % of TOP Financial Group was 67.93%. The lowest was 20.42%. And the median was 46.57%.

TOP's Gross Margin % is ranked better than
72.02% of 604 companies
in the Capital Markets industry
Industry Median: 48.655 vs TOP: 67.93

TOP Financial Group had a gross margin of 70.00% for the quarter that ended in Sep. 2023 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for TOP Financial Group was 0.00% per year.

TOP Financial Group Gross Margin % Historical Data

The historical data trend for TOP Financial Group's Gross Margin % 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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TOP Financial Group Gross Margin % Chart

TOP Financial Group Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Gross Margin %

20.42

35.21

57.93

60.52

TOP Financial Group Semi-Annual Data
	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Gross Margin %	Get a 7-Day Free Trial			43.85	67.72	56.85	64.68	70.00

Competitive Comparison of TOP Financial Group's Gross Margin %

For the Capital Markets subindustry, TOP Financial Group's Gross Margin %, along with its competitors' market caps and Gross Margin % 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.

TOP Financial Group's Gross Margin % Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, TOP Financial Group's Gross Margin % distribution charts can be found below:

* The bar in red indicates where TOP Financial Group's Gross Margin % falls into.

TOP Financial Group Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

TOP Financial Group's Gross Margin for the fiscal year that ended in Mar. 2023 is calculated as

Gross Margin % (A: Mar. 2023 )	=	Gross Profit (A: Mar. 2023 )	/	Revenue (A: Mar. 2023 )
	=	5.9	/	9.695
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(9.695 - 3.828)	/	9.695
	=	60.52 %

TOP Financial Group's Gross Margin for the quarter that ended in Sep. 2023 is calculated as

Gross Margin % (Q: Sep. 2023 )	=	Gross Profit (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	5	/	7.149
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(7.149 - 2.145)	/	7.149
	=	70.00 %

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

TOP Financial Group (NAS:TOP) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

TOP Financial Group had a gross margin of 70.00% for the quarter that ended in Sep. 2023 => Durable competitive advantage

Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.

TOP Financial Group Gross Margin % Related Terms

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TOP Financial Group (TOP Financial Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » TOP Financial Group Ltd (NAS:TOP) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

118 Connaught Road West, Room 1101, Hong Kong, HKG

Website

https://www.zyfgl.com

TOP Financial Group Ltd is an online brokerage firm in Hong Kong specializing in the trading of local and overseas equities, futures, and options products. The company operates in only one segment which is the futures brokerage service.