StoneX Group Inc. SNEX Translation gains
Discontinued — last reported Q4 '21
Translation gains at other companies
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Where this comes from
Reported directly by StoneX Group Inc. in its filing.
Tagged under the XBRL concept us-gaap:AmountRecognizedInIncomeDueToInflationaryAccounting.
The source filing: StoneX Group Inc.’s 10-K, filed November 24, 2023.
- Filed
- Nov 24, 2023, 12:55 PM EST
- Fiscal year
- FY2023
- Accession
- 0000913760-23-000159
Beginning July 1, 2018, the Company designated Argentina’s economy as highly inflationary for accounting purposes. As a result, the Company has accounted for its Argentinean entities using the U.S. dollar as their functional currency, beginning in the quarter ending September 30, 2018. The Company has implemented strategies to reduce exposure to the Argentine peso. As a result of Argentina’s highly inflationary status, the Company recorded translation gains through earnings of $6.6 million and $2.1 million for the years ended September 30, 2023 and 2022, respectively. The Company recorded de minimis translation adjustments through earnings for the year ended September 30, 2021.
ITEM 8. Financial Statements and Supplementary Data
FAQ
- What is StoneX Group Inc.'s translation gains?
- StoneX Group Inc. (SNEX) reported translation gains of $0 in Q3 2021.
- What does translation gains mean?
- Translation gains
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