CI Financial (CI Financial) Days Payable : 228.82 (As of Dec. 2023)

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What is CI Financial Days Payable?

CI Financial's average Accounts Payable for the three months ended in Dec. 2023 was $1,066 Mil. CI Financial's Cost of Goods Sold for the three months ended in Dec. 2023 was $425 Mil. Hence, CI Financial's Days Payable for the three months ended in Dec. 2023 was 228.82.

The historical rank and industry rank for CI Financial's Days Payable or its related term are showing as below:

CIXXF' s Days Payable Range Over the Past 10 Years
Min: 110.37 Med: 217.44 Max: 1310.23
Current: 607.46

During the past 13 years, CI Financial's highest Days Payable was 1310.23. The lowest was 110.37. And the median was 217.44.

CIXXF's Days Payable is ranked better than
85.41% of 466 companies
in the Asset Management industry
Industry Median: 70.395 vs CIXXF: 607.46

CI Financial's Days Payable declined from Dec. 2022 (256.16) to Dec. 2023 (228.82). It may suggest that CI Financial accelerated paying its suppliers.

CI Financial Days Payable Historical Data

The historical data trend for CI Financial's Days Payable 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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CI Financial Days Payable Chart

CI Financial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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215.01

443.94

1,309.81

663.39

620.44

CI Financial Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															256.16	1,352.87	1,239.05	1,174.96	228.82

Competitive Comparison of CI Financial's Days Payable

For the Asset Management subindustry, CI Financial's Days Payable, along with its competitors' market caps and Days Payable 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.

CI Financial's Days Payable Distribution in the Asset Management Industry

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

* The bar in red indicates where CI Financial's Days Payable falls into.

CI Financial Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

CI Financial's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (1182.102	+	1090.516)	/	2 )	/	668.478	*	365
=	1136.309					/	668.478	*	365
=	620.44

CI Financial's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (1042.295	+	1090.516)	/	2 )	/	425.272	*	365 / 4
=	1066.4055					/	425.272	*	365 / 4
=	228.82

CI Financial Days Payable Related Terms

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CI Financial (CI Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » CI Financial Corp (OTCPK:CIXXF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

CF7:Germany CIX:Canada

Address

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

Website

https://www.cifinancial.com

CI Financial is a diversified provider of wealth management products and services, primarily in the Canadian market. The company had CAD 119.0 billion in core assets under management, another CAD 278.5 billion in wealth management assets under advisement, and CAD 23.4 billion in assets under custody at the end of September 2023, making it one of the largest nonbank affiliated asset managers in Canada. The company operates its fund business through CI Global Asset Management, which offers a broad selection of investment funds. On the wealth management side, the company operates through CI Assante Wealth Management, Aligned Capital Partners, CI Private Wealth, as well as a large group of acquired U.S.-based advisors, providing financial advice primarily to high-net-worth clients.