Thorney Opportunities (ASX:TOP) Selling, General, & Admin. Expense: A$0.49 Mil (TTM As of Dec. 2025)


ASX:TOP Thorney Opportunities Ltd ASX:TOP
28 GF Score
Price A$0.55
GF Value A$0.96
Valuation Significantly Undervalued
! 1 Warning Sign
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What is Thorney Opportunities Selling, General, & Admin. Expense?

Thorney Opportunities ASX:TOP +1.85% 28 Selling, General, & Admin. Expense is A$0.49 Mil as of Dec. 2025. GuruFocus rates ASX:TOP with a GF Score™ of 28/100 and a GF Value™ of A$0.96 (Significantly Undervalued). The stock has 1 warning sign investors should review.

Selling, general, & admin. expense (SGA) includes the direct and indirect costs and all general and administrative expenses of a company. Thorney Opportunities's selling, general, & admin. expense for the six months ended in Dec. 2025 was A$0.26 Mil. Its selling, general, & admin. expense for the trailing twelve months (TTM) ended in Dec. 2025 was A$0.49 Mil.


Thorney Opportunities  (ASX:TOP) Selling, General, & Admin. Expense Explanation

An efficient operation keeps SGA costs low and thus has higher profit margin. The percentage of SGA relative to total revenue is an indication of how efficiently the company operates. Compare this percentage among the companies in the same industry is a good way of finding more efficient operations. A comparison of the SGA cost relative to the revenue with the historical value can also be an indication of how efficient the company has become.

Warren Buffett likes companies with consistent SGA as the percentage of gross profit.

Companies with no durable competitive advantage show wild variation in SG&A as % of Gross Profit.

If SGA is less than 30% of Gross Profit, it is fantastic. If SGA is nearing 100%, it is is in highly competitive industry.


Thorney Opportunities Selling, General, & Admin. Expense Related Terms


Thorney Opportunities Selling, General, & Admin. Expense Historical Data

* Premium members only.

The historical data trend for Thorney Opportunities's Selling, General, & Admin. Expense 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.

Thorney Opportunities Selling, General, & Admin. Expense Chart

Thorney Opportunities Annual Data
Trend Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24 Jun25
Selling, General, & Admin. Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.35 0.39 0.37 0.34 0.47

Thorney Opportunities Semi-Annual Data
Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Selling, General, & Admin. Expense Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.16 0.18 0.23 0.24 0.26

ASX:TOP vs BLK, BX, KKR: Selling, General, & Admin. Expense Comparison

For the Asset Management subindustry, Thorney Opportunities's Selling, General, & Admin. Expense, along with its competitors' market caps and Selling, General, & Admin. Expense 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.


Thorney Opportunities Selling, General, & Admin. Expense vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Thorney Opportunities's Selling, General, & Admin. Expense distribution charts can be found below:

* The bar in red indicates where Thorney Opportunities's Selling, General, & Admin. Expense falls into.


ASX:TOP
28GF Score
Thorney Opportunities Ltd ASX:TOP
Selling, General, & Admin. Expense is just one metric. See GF Score™, valuation, warning signs, and more.
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Thorney Opportunities Selling, General, & Admin. Expense Calculation

Selling, General, & Admin. Expense (SGA) includes the direct and indirect costs and all general and administrative expenses of a company. For instance, personnel cost, advertising, rent, communication costs are all part of SGA.

Selling, General, & Admin. Expense for the trailing twelve months (TTM) ended in Dec. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$0.49 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.

What does a Selling, General, & Admin. Expense of A$0.49 Mil mean?
Thorney Opportunities (ASX:TOP) has a Selling, General, & Admin. Expense of A$0.49 Mil as of Dec. 2025. Selling, general and admin expense is the total cost for direct, indirect, general and administrative activities. View historical data on Thorney Opportunities and its competitors.
Is Thorney Opportunities' Selling, General, & Admin. Expense too high?
Thorney Opportunities' current Selling, General, & Admin. Expense is A$0.49 Mil. Overall, Thorney Opportunities has a GF Score™ of 28/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Thorney Opportunities' Selling, General, & Admin. Expense compare to BLK and BX?
Thorney Opportunities' Selling, General, & Admin. Expense of A$0.49 Mil can be compared against companies in the Asset Management industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Selling, General, & Admin. Expense for an Asset Management company?
A good Selling, General, & Admin. Expense depends on the Asset Management industry context. However, Selling, General, & Admin. Expense 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 Selling, General, & Admin. Expense mean?
A high Selling, General, & Admin. Expense can signal that a stock is expensive relative to its fundamentals. Selling, general and admin expense is the total cost for direct, indirect, general and administrative activities. View historical data on Thorney Opportunities and its competitors. Thorney Opportunities's current Selling, General, & Admin. Expense is A$0.49 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Thorney Opportunities stock overvalued right now?
Based on GuruFocus' analysis, Thorney Opportunities (ASX:TOP) is currently considered Significantly Undervalued. The stock's GF Value™ is A$0.96, compared to a current price of A$0.55 — trading 42.7% below its estimated fair value. The current Selling, General, & Admin. Expense is A$0.49 Mil. Thorney Opportunities' overall GF Score™ is 28/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Selling, General, & Admin. Expense calculated?
Selling, General, & Admin. Expense is calculated from a company's financial statements. For Thorney Opportunities (ASX:TOP), the current Selling, General, & Admin. Expense is A$0.49 Mil as of Dec. 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 Thorney Opportunities (ASX:TOP) Overvalued in 2026?

Based on GuruFocus' analysis, Thorney Opportunities stock appears to be undervalued. The current stock price of A$0.55 is trading 42.7% below its estimated GF Value™ of A$0.96. GuruFocus considers Thorney Opportunities to be Significantly Undervalued.

Key valuation signals for ASX:TOP:

  • Selling, General, & Admin. Expense: A$0.49 Mil
  • GF Value™: A$0.96 vs. price of A$0.55 (42.7% below fair value)
  • GF Score™: 28/100 with 1 warning sign

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


Thorney Opportunities Business Description

Address 55 Collins Street, Level 45, Melbourne, VIC, AUS, 3000
Thorney Opportunities Ltd is an investment company that concentrates on producing absolute returns for shareholders over the medium to long term. Its principal activity is making investments in listed and unlisted securities in a variety of sectors, including media, automotive, energy, and pharmaceutical.
28GF Score

Get the complete analysis for ASX:TOP

Selling, General, & Admin. Expense is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

A$0.55
Price
A$0.96
GF Value