TOP (TOP Financial Group) Change In Receivables: $0.00 Mil (TTM As of Sep. 2025)


TOP TOP Financial Group Ltd TOP
60 GF Score
Price $2.06
GF Value $1.44
Valuation Significantly Overvalued
! 9 Warning Signs
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What is TOP Financial Group Change In Receivables?

TOP Financial Group TOP +15.25% 60 Change In Receivables is $0.00 Mil as of Sep. 2025. GuruFocus rates TOP with a GF Score™ of 60/100 and a GF Value™ of $1.44 (Significantly Overvalued). The stock has 9 warning signs investors should review.

TOP Financial Group's change in receivables for the quarter that ended in Sep. 2025 was $0.00 Mil. It means TOP Financial Group's Accounts Receivable stayed the same from Mar. 2025 to Sep. 2025 .

TOP Financial Group's change in receivables for the fiscal year that ended in Mar. 2025 was $-5.68 Mil. It means TOP Financial Group's Accounts Receivable increased by $5.68 Mil from Mar. 2024 to Mar. 2025 .

TOP Financial Group's Accounts Receivable for the quarter that ended in Sep. 2025 was $21.82 Mil.

Days Sales Outstanding measures of 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. TOP Financial Group's Days Sales Outstanding for the six months ended in Sep. 2025 was 1,387.93.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. TOP Financial Group's liquidation value for the six months ended in Sep. 2025 was $2.03 Mil.

TOP Financial Group  (NAS:TOP) Change In Receivables Explanation

1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of 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.

TOP Financial Group's Days Sales Outstanding for the quarter that ended in Sep. 2025 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=21.819/2.869*91
=1,387.93

2. In Ben Graham's calculation of liquidation value, TOP Financial Group's accounts receivable are only considered to be worth 75% of book value:

TOP Financial Group's liquidation value for the quarter that ended in Sep. 2025 is calculated as:

Liquidation Value
=Cash, Cash Equivalents, Marketable Securities-Total Liabilities+(0.75 * Accounts Receivable)+(0.5 * Total Inventories)
=14.785-29.115+0.75 * 21.819+0.5 * 0
=2.03

* 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 Change In Receivables Related Terms

TOP Financial Group Change In Receivables Historical Data

* Premium members only.

The historical data trend for TOP Financial Group's Change In Receivables 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.

TOP Financial Group Change In Receivables Chart

TOP Financial Group Annual Data
Trend Mar20 Mar21 Mar22 Mar23 Mar24 Mar25
Change In Receivables
Get a 7-Day Free Trial 2.43 -1.71 -10.24 4.35 -5.68

TOP Financial Group Semi-Annual Data
Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24 Mar25 Sep25
Change In Receivables Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00
TOP
60GF Score
TOP Financial Group Ltd TOP
Change In Receivables is just one metric. See GF Score™, valuation, warning signs, and more.
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TOP Financial Group Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Sep. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was $0.00 Mil.

* 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.

Frequently Asked Questions Learn more about Change In Receivables →
What does a Change In Receivables of $0.00 Mil mean?
TOP Financial Group (TOP) has a Change In Receivables of $0.00 Mil as of Sep. 2025. Change in Receivables is the difference between current-period receivables and past-period receivables. View historical data for TOP Financial Group and its competitors.
Is TOP Financial Group's Change In Receivables too high?
TOP Financial Group's current Change In Receivables is $0.00 Mil. Overall, TOP Financial Group has a GF Score™ of 60/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does TOP Financial Group's Change In Receivables compare to NCTY and AURE?
TOP Financial Group's Change In Receivables of $0.00 Mil can be compared against companies in the Capital Markets industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Change In Receivables for a Capital Markets company?
A good Change In Receivables depends on the Capital Markets industry context. However, Change In Receivables should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Change In Receivables mean?
A high Change In Receivables can signal that a stock is expensive relative to its fundamentals. Change in Receivables is the difference between current-period receivables and past-period receivables. View historical data for TOP Financial Group and its competitors. TOP Financial Group's current Change In Receivables is $0.00 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is TOP Financial Group stock overvalued right now?
Based on GuruFocus' analysis, TOP Financial Group (TOP) is currently considered Significantly Overvalued. The stock's GF Value™ is $1.44, compared to a current price of $2.06 — trading 43.1% above its estimated fair value. The current Change In Receivables is $0.00 Mil. TOP Financial Group's overall GF Score™ is 60/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Change In Receivables calculated?
Change In Receivables is calculated from a company's financial statements. For TOP Financial Group (TOP), the current Change In Receivables is $0.00 Mil as of Sep. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is TOP Financial Group (TOP) Overvalued in 2026?

Based on GuruFocus' analysis, TOP Financial Group stock appears to be overvalued. The current stock price of $2.06 is trading 43.1% above its estimated GF Value™ of $1.44. GuruFocus considers TOP Financial Group to be Significantly Overvalued.

Key valuation signals for TOP:

  • Change In Receivables: $0.00 Mil
  • GF Value™: $1.44 vs. price of $2.06 (43.1% above fair value)
  • GF Score™: 60/100 with 9 warning signs

No single metric tells the full story. See the TOP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

TOP Financial Group Business Description

Address 101 Cecil Street, No. 13-05, Tong Eng Building, Singapore, SGP, 069533
TOP Financial Group Ltd is an online brokerage firm in Hong Kong specializing in trading local and overseas equities, futures, and options products. The Company generates brokerage commission income by enabling its customers to trade on multiple exchanges present globally. The company operates in only one segment which is the futures brokerage service.
60GF Score

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Change In Receivables is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$2.06
Price
$1.44
GF Value