TOP Financial Group (TOP Financial Group) Other Current Assets : $0.00 Mil (As of Sep. 2023)

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What is TOP Financial Group Other Current Assets?

TOP Financial Group's other current assets for the quarter that ended in Sep. 2023 was $0.00 Mil.

TOP Financial Group's quarterly other current assets declined from Sep. 2022 ($2.19 Mil) to Mar. 2023 ($1.88 Mil) and declined from Mar. 2023 ($1.88 Mil) to Sep. 2023 ($0.00Mil).

TOP Financial Group's annual other current assets declined from Mar. 2021 ($1.98 Mil) to Mar. 2022 ($1.76 Mil) increased from Mar. 2022 ($1.76 Mil) to Mar. 2023 ($1.88 Mil).

TOP Financial Group Other Current Assets Historical Data

The historical data trend for TOP Financial Group's Other Current Assets 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 Other Current Assets Chart

TOP Financial Group Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Other Current Assets

1.23

1.98

1.76

1.88

TOP Financial Group Semi-Annual Data
	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Other Current Assets	Get a 7-Day Free Trial			4.48	1.76	2.19	1.88	-

TOP Financial Group Other Current Assets Calculation

Technically, the other current assets line may include any asset that will be used up within the next 12 months. However, other current assets never include assets that are listed elsewhere in the current assets section of the balance sheet. For this reason, other current assets are almost never:

Cash
Trade Receivables
Inventory

The assets grouped under other current assets are most commonly:

Prepaid Expenses
Tax Assets
Non-Trade Receivables
Other (too numerous to list)

Some companies can and do choose to report each of these items separately.

Other current assets may be made up largely of Prepaid Expenses - unless these are listed on a separate line of the balance sheet.

Prepaid expenses are exactly what they sound like. If a company pays a $30 million insurance premium on the last day of June that will provide coverage for the entire month of July, the company will record a $30 million prepaid expense to account for the insurance expense it will show in July that it already paid for in June.

Tax assets can be quite complex. It is not common for companies to have both tax assets and tax liabilities. It is important that investors take note of both items when considering future taxes.

Non-Trade receivables are rarely a large item. They include money owed to the company by non-customers. Non-trade receivables can be caused by related party transactions, the sale of a business unit, etc. The notes to the company's financial statements will often provide much more detail on this item if it is truly important.

There are a variety of other current assets like non-trade receivables which are simply too numerous to list. If a company is following correct reporting procedures, it should not lump items that are different from one another and yet individually important to the company together under the line Other Current Assets.

At most companies, other current assets are a small and unimportant part of the total balance sheet.

TOP Financial Group Other Current Assets 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 » Other Current Assets

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.