TOP (TOP Financial Group) Days Payable : 1,791.48 (As of Sep. 2024)

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What is TOP Financial Group Days Payable?

TOP Financial Group's average Accounts Payable for the six months ended in Sep. 2024 was $14.80 Mil. TOP Financial Group's Cost of Goods Sold for the six months ended in Sep. 2024 was $1.51 Mil. Hence, TOP Financial Group's Days Payable for the six months ended in Sep. 2024 was 1,791.48.

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

TOP' s Days Payable Range Over the Past 10 Years
Min: 156.58 Med: 326.76 Max: 1311.8
Current: 1311.8

During the past 5 years, TOP Financial Group's highest Days Payable was 1311.80. The lowest was 156.58. And the median was 326.76.

TOP's Days Payable is ranked better than
83.49% of 521 companies
in the Capital Markets industry
Industry Median: 103.89 vs TOP: 1311.80

TOP Financial Group's Days Payable increased from Sep. 2023 (289.79) to Sep. 2024 (1,791.48). It may suggest that TOP Financial Group delayed paying its suppliers.

TOP Financial Group Days Payable Historical Data

The historical data trend for TOP Financial Group's Days Payable 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 Days Payable Chart

TOP Financial Group Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

170.53

156.58

364.61

326.76

683.45

TOP Financial Group Semi-Annual Data
	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Days Payable	Get a 7-Day Free Trial					289.95	415.78	289.79	800.82	1,791.48

Competitive Comparison of TOP Financial Group's Days Payable

For the Capital Markets subindustry, TOP Financial Group's Days Payable, along with its competitors' market caps and Days Payable 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 Days Payable Distribution in the Capital Markets Industry

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

* The bar in red indicates where TOP Financial Group's Days Payable falls into.

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TOP Financial Group Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

TOP Financial Group's Days Payable for the fiscal year that ended in Mar. 2024 is calculated as

	Days Payable (A: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2023 )	+	Accounts Payable (A: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2024 )	*	Days in Period
=	( (3.544	+	10.256)	/	2 )	/	3.685	*	365
=	6.9					/	3.685	*	365
=	683.45

TOP Financial Group's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (10.256	+	19.35)	/	2 )	/	1.508	*	365 / 2
=	14.803					/	1.508	*	365 / 2
=	1,791.48

TOP Financial Group Days Payable Related Terms

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TOP Financial Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » TOP Financial Group Ltd (NAS:TOP) » Definitions » Days Payable

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 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.