Days Inventory is also known as Days Sales of Inventory (DSI). IGM Financial's Average Total Inventories for the
three
months ended in Dec. 2023 was $0 Mil. IGM Financial's Cost of Goods Sold for the
three
months ended in Dec. 2023 was $1,043 Mil.
Hence, IGM Financial's Days Inventory for the
three
months ended in Dec. 2023 was 0.00.
The historical rank and industry rank for IGM Financial's Days Inventory or its related term are showing as below:
IGIFF's Days Inventory is not ranked *
in the Asset Management industry.
Industry Median: 75.96 * Ranked among companies with meaningful Days Inventory only.
IGM Financial's Days Inventory
stayed the same
from Dec. 2022 (0.00) to Dec. 2023 (0.00).
Inventory Turnover measures how fast the company turns over its inventory within a year.
Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.
IGM Financial's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 0.00.
IGM Financial Days Inventory Historical Data
The historical data trend for IGM Financial's Days Inventory 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.
Competitive Comparison of IGM Financial's Days Inventory
For the Asset Management subindustry, IGM Financial's Days Inventory, along with its competitors' market caps and Days Inventory 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's Days Inventory Distribution in the Asset Management Industry
For the Asset Management industry and Financial Services sector, IGM Financial's Days Inventory distribution charts can be found below:
* The bar in red indicates where IGM Financial's Days Inventory falls into.
IGM Financial Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
IGM Financial's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
IGM Financial (OTCPK:IGIFF) Days Inventory Explanation
Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:
1. Inventory Turnover measures how fast the company turns over its inventory within a year.
IGM Financial's Inventory Turnover for the
three
months ended in Dec. 2023 is calculated as
2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.
IGM Financial's Inventory to Revenue for the
three
months ended in Dec. 2023 is calculated as
* 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
A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.
IGM Financial Days Inventory Related Terms
Thank you for viewing the detailed overview of IGM Financial's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
IGM Financial (IGM Financial) Business Description
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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