IGM Financial (IGM Financial) Days Sales Outstanding

: 37.62 (As of Dec. 2023)

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IGM Financial's average Accounts Receivable for the three months ended in Dec. 2023 was $244 Mil. IGM Financial's Revenue for the three months ended in Dec. 2023 was $592 Mil. Hence, IGM Financial's Days Sales Outstanding for the three months ended in Dec. 2023 was 37.62.

The historical rank and industry rank for IGM Financial's Days Sales Outstanding or its related term are showing as below:

IGIFF' s Days Sales Outstanding Range Over the Past 10 Years
Min: 33.82 Med: 40.65 Max: 48.58
Current: 39.73

During the past 13 years, IGM Financial's highest Days Sales Outstanding was 48.58. The lowest was 33.82. And the median was 40.65.

IGIFF's Days Sales Outstanding is ranked better than
58.79% of 512 companies
in the Asset Management industry
Industry Median: 49.845 vs IGIFF: 39.73

IGM Financial's Days Sales Outstanding declined from Dec. 2022 (45.21) to Dec. 2023 (37.62).

IGM Financial Days Sales Outstanding Historical Data

The historical data trend for IGM Financial's Days Sales Outstanding 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.

IGM Financial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

41.43

47.95

42.29

45.18

40.08

IGM Financial Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Sales Outstanding																45.21	43.15	39.76	37.61	37.62

Competitive Comparison

For the Asset Management subindustry, IGM Financial's Days Sales Outstanding, along with its competitors' market caps and Days Sales Outstanding 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.

IGM Financial Days Sales Outstanding Distribution

For the Asset Management industry and Financial Services sector, IGM Financial's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where IGM Financial's Days Sales Outstanding falls into.

IGM Financial Days Sales Outstanding Calculation

Days Sales Outstanding measures 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.

Accounts Receivable can be measured by Days Sales Outstanding.

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

	Days Sales Outstanding (A: Dec. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (271.48	+	250.113)	/	2 )	/	2375.051	*	365
=	260.7965					/	2375.051	*	365
=	40.08

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

	Days Sales Outstanding (Q: Dec. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Sep. 2023 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (238.36	+	250.113)	/	2 )	/	592.488	*	365 / 4
=	244.2365					/	592.488	*	365 / 4
=	37.62

IGM Financial (OTCPK:IGIFF) Days Sales Outstanding Explanation

For retailers, when we compare Days Sales Outstanding, it is important to compare the same period in the previous years.

IGM Financial Days Sales Outstanding Related Terms

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IGM Financial (IGM Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » IGM Financial Inc (OTCPK:IGIFF) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

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.

IGM Financial (IGM Financial) Headlines

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