IGM Financial (IGM Financial) Change In Receivables : $0 Mil (TTM As of Dec. 2023)

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What is IGM Financial Change In Receivables?

IGM Financial's change in receivables for the quarter that ended in Dec. 2023 was $0 Mil. It means IGM Financial's Accounts Receivable stayed the same from Sep. 2023 to Dec. 2023 .

IGM Financial's change in receivables for the fiscal year that ended in Dec. 2023 was $0 Mil. It means IGM Financial's Accounts Receivable stayed the same from Dec. 2022 to Dec. 2023 .

IGM Financial's Accounts Receivable for the quarter that ended in Dec. 2023 was $250 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. IGM Financial's Days Sales Outstanding for the three months ended in Dec. 2023 was 38.52.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. IGM Financial's liquidation value for the three months ended in Dec. 2023 was $-7,771 Mil.

IGM Financial Change In Receivables Historical Data

The historical data trend for IGM Financial'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.

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IGM Financial Change In Receivables Chart

IGM Financial Annual Data

Trend

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Change In Receivables

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IGM Financial Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
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IGM Financial 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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $0 Mil.

IGM Financial (OTCPK:IGIFF) 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.

IGM Financial's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	250.113	/	592.488	*	91
=	38.52

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

IGM Financial's liquidation value for the quarter that ended in Dec. 2023 is calculated as:

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	943.658	-	8901.963	+	0.75 * 250.113	+	0.5 * 0
=	-7,771

IGM Financial Change In Receivables Related Terms

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IGM Financial (IGM Financial) Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » IGM Financial Inc (OTCPK:IGIFF) » Definitions » Change In Receivables

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C7G:Germany IGM:Canada

Address

447 Portage Avenue, Winnipeg, MB, CAN, R3B 3H5

Website

https://www.igmfinancial.com

IGM Financial is the largest non-bank-affiliated asset manager in Canada. The firm is part of the Power Financial group of companies, which includes Great-West Life, London Life, and Canada Life. IGM has two main operating divisions—asset management (operated through Mackenzie Investments) and wealth management (via its Investors Group Wealth Management subsidiary)—that provide investment management products and services. IGM had CAD 215.3 billion in assets under management, or AUM, and CAD 35.0 billion in assets under advisement, or AUA, at the end of October 2023. Investment Planning Counsel is now being accounted for as a discontinued operation, having been sold earlier this year, with the deal closed in November 2023.

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