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TOP Financial Group (TOP Financial Group) Total Assets : $42.91 Mil (As of Sep. 2023)


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What is TOP Financial Group Total Assets?

TOP Financial Group's Total Assets for the quarter that ended in Sep. 2023 was $42.91 Mil.

During the past 12 months, TOP Financial Group's average Total Assets Growth Rate was 21.50% per year. During the past 3 years, the average Total Assets Growth Rate was 36.10% per year.

During the past 4 years, TOP Financial Group's highest 3-Year average Total Assets Growth Rate was 36.10%. The lowest was 36.10%. And the median was 36.10%.

Total Assets is connected with ROA %. TOP Financial Group's annualized ROA % for the quarter that ended in Sep. 2023 was 17.63%. Total Assets is also linked to Revenue through Asset Turnover. TOP Financial Group's Asset Turnover for the quarter that ended in Sep. 2023 was 0.17.

TOP Financial Group Total Assets Historical Data

The historical data trend for TOP Financial Group's Total 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.

* Premium members only.

TOP Financial Group Total Assets Chart

TOP Financial Group Annual Data
Trend Mar20 Mar21 Mar22 Mar23
Total Assets
13.29 10.27 13.88 40.28

TOP Financial Group Semi-Annual Data
Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
Total Assets Get a 7-Day Free Trial 14.43 13.88 38.62 40.28 42.91

TOP Financial Group Total Assets Calculation

Total Assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.

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

Total Assets=Total Equity (A: Mar. 2023 )+Total Liabilities (A: Mar. 2023 )
=35.951+4.333
=40.28

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

Total Assets=Total Equity (Q: Sep. 2023 )+Total Liabilities (Q: Sep. 2023 )
=38.989+3.925
=42.91

* 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.

TOP Financial Group  (NAS:TOP) Total Assets Explanation

Total Assets is connected with ROA %.

TOP Financial Group's annualized ROA % for the quarter that ended in Sep. 2023 is

ROA %=Net Income (Q: Sep. 2023 )/( (Total Assets (Q: Mar. 2023 )+Total Assets (Q: Sep. 2023 ))/ count )
=7.334/( (40.284+42.913)/ 2 )
=7.334/41.5985
=17.63 %

Note: The Net Income data used here is two times the semi-annual (Sep. 2023) data.

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

TOP Financial Group's Asset Turnover for the quarter that ended in Sep. 2023 is

Asset Turnover
=Revenue (Q: Sep. 2023 )/( (Total Assets (Q: Mar. 2023 )+Total Assets (Q: Sep. 2023 ))/ count )
=7.149/( (40.284+42.913)/ 2 )
=7.149/41.5985
=0.17

* 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.

Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.

TOP Financial Group Total 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 » Total Assets
Comparable Companies
HGBL CRKRD BTBT MDBH CURN IREN SIEB SRL MATH MFH MS GS SCHW SHSE:600030 ASX:MQG BSP:BPAC3 SHSE:601066 RJF TW SHSE:601688
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.