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Canaccord Genuity Group (Canaccord Genuity Group) Accounts Receivable : $495 Mil (As of Dec. 2023)


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What is Canaccord Genuity Group Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Canaccord Genuity Group's accounts receivables for the quarter that ended in Dec. 2023 was $495 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Canaccord Genuity Group's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 155.73.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Canaccord Genuity Group's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-17.28.


Canaccord Genuity Group Accounts Receivable Historical Data

The historical data trend for Canaccord Genuity Group's Accounts Receivable 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.

Canaccord Genuity Group Accounts Receivable Chart

Canaccord Genuity Group Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Accounts Receivable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 397.08 499.03 675.11 805.78 635.74

Canaccord Genuity Group Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Accounts Receivable 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 700.54 635.74 600.04 631.42 495.01

Canaccord Genuity Group Accounts Receivable Calculation

Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.


Canaccord Genuity Group Accounts Receivable 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 receivables are being managed.

Canaccord Genuity Group's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

Days Sales Outstanding
=Accounts Receivable/Revenue*Days in Period
=495.008/290.059*91
=155.73

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Canaccord Genuity Group's accounts receivable are only considered to be worth 75% of book value:

Canaccord Genuity Group's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is calculated as:

Net-Net Working Capital Per Share
=(Cash And Cash Equivalents+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(916.146+0.75 * 495.008+0.5 * 0-2638.863
-153.28-261.079)/102.189
=-17.28

* 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.


Be Aware

Net receivables tells us a great deal about the different competitors in the same industry. In competitive industries, some attempt to gain advantage by offering better credit terms, causing increase in sales and receivables.

If company consistently shows lower % Net receivables to gross sales than competitors, then it usually has some kind of competitive advantage which requires further digging.

Average Days Sales Outstanding is a good indicator for measuring a company's sales channel and customers. A company may book great revenue and earnings growth but never receive payment from their customers. This may force a write-off in the future and depress future earnings.


Canaccord Genuity Group Accounts Receivable Related Terms

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Canaccord Genuity Group (Canaccord Genuity Group) Business Description

Address
609 Granville Street, Suite 2200, Vancouver, BC, CAN, V7Y 1H2
Canaccord Genuity Group Inc is an independent, full-service financial services firm. The Company's segment reporting is based on the following operating segments: Canaccord Genuity Capital Markets, Canaccord Genuity Wealth Management, and Corporate and Other. The company is been driven by an unwavering commitment to building lasting client relationships. It achieves this by generating value for its individual, institutional and corporate clients through comprehensive investment solutions, brokerage services and investment banking services. The company has wealth management offices located in Canada, the UK, Guernsey, Jersey, the Isle of Man and Australia. Its international capital markets division operates in North America, UK and Europe, Asia, Australia and the Middle East.