CI Financial (TSX:CIX) Accounts Receivable : C$431 Mil (As of Mar. 2025)

View and export this data going back to 1994. Start your Free Trial

What is CI Financial Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. CI Financial's accounts receivables for the quarter that ended in Mar. 2025 was C$431 Mil.

Accounts receivable can be measured by Days Sales Outstanding. CI Financial's Days Sales Outstanding for the quarter that ended in Mar. 2025 was 43.39.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. CI Financial's Net-Net Working Capital per share for the quarter that ended in Mar. 2025 was C$-72.34.

CI Financial Accounts Receivable Historical Data

The historical data trend for CI Financial'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.

CI Financial Accounts Receivable Chart

CI Financial Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Accounts Receivable

Get a 7-Day Free Trial

240.85

272.96

298.78

388.03

433.00

CI Financial Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Accounts Receivable	Get a 7-Day Free Trial															428.89	461.83	411.70	433.00	431.12

CI Financial Accounts Receivable Calculation

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

CI Financial 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.

CI Financial's Days Sales Outstanding for the quarter that ended in Mar. 2025 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	431.122	/	906.587	*	91
=	43.39

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

CI Financial's Net-Net Working Capital Per Share for the quarter that ended in Mar. 2025 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)
=	(192.531	+	0.75 * 431.122	+	0.5 * 0	-	10887.303
-	0	-	1.268)	/	143.380
=	-72.34

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.

CI Financial Accounts Receivable Related Terms

Thank you for viewing the detailed overview of CI Financial's Accounts Receivable provided by GuruFocus.com. Please click on the following links to see related term pages.

CI Financial Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » CI Financial Corp (TSX:CIX) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

CIXXF:USA CF7:Germany

Address

15 York Street, 2nd Floor, Legal Department, Toronto, ON, CAN, M5J 0A3

Website

https://www.cifinancial.com

CI Financial is a provider of asset- and wealth-management products and services. The company has a decent share in the Canadian fund market (fifth behind Royal Bank of Canada, Toronto-Dominion, IGM Financial, and Fidelity at the end of last year) and remains the second-largest non-bank-affiliated asset manager in the Canadian market, with CAD 135.4 billion in assets under management (including CAD 36.0 billion in AUM managed for its CI Assante Wealth Management, CI Private Counsel, and Aligned Capital Partners subsidiaries) at the end of September. The firm also had CAD 350.7 billion in assets under advisement (including CAD 250.6 billion from its US wealth-management operations and CAD 100.1 billion from its Canadian wealth-management partners) and CAD 31.9 billion in custody assets.

Executives

Brigette Elizabeth Chang	Director
Paul Perrow	Director
William Thomas Holland	Director
Yvette Zhang	Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Hoi Sha Elsa Li	Director or Senior Officer of 10% Security Holder
Jennifer Francine Sinopoli	Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Manisha Burman	Senior Officer
Darie Urbanky	Senior Officer
Amarjit Kaur Anderson	Senior Officer
Julie Lynn Silcox	Senior Officer
Kurt Macalpine	Director, Senior Officer
Christopher James Enright	Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Sean Andrew Etherington	Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Marc-andre Lewis	Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Amit Muni	Senior Officer