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

CI Financial (TSX:CIX) Days Payable : 554.32 (As of Dec. 2024)


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

What is CI Financial Days Payable?

CI Financial's average Accounts Payable for the three months ended in Dec. 2024 was C$1,546 Mil. CI Financial's Cost of Goods Sold for the three months ended in Dec. 2024 was C$254 Mil. Hence, CI Financial's Days Payable for the three months ended in Dec. 2024 was 554.32.

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

TSX:CIX' s Days Payable Range Over the Past 10 Years
Min: 112.59   Med: 332.8   Max: 643.86
Current: 575.21

During the past 13 years, CI Financial's highest Days Payable was 643.86. The lowest was 112.59. And the median was 332.80.

TSX:CIX's Days Payable is ranked better than
83.33% of 462 companies
in the Asset Management industry
Industry Median: 67.115 vs TSX:CIX: 575.21

CI Financial's Days Payable declined from Dec. 2023 (582.51) to Dec. 2024 (554.32). 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.

* Premium members only.

CI Financial Days Payable Chart

CI Financial Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 447.91 544.76 643.86 624.51 571.68

CI Financial Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 582.51 578.73 594.34 578.10 554.32

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. 2024 is calculated as

Days Payable (A: Dec. 2024 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2023 ) + Accounts Payable (A: Dec. 2024 )) / count ) / Cost of Goods Sold (A: Dec. 2024 )*Days in Period
=( (1463.036 + 1603.894) / 2 ) / 979.07*365
=1533.465 / 979.07*365
=571.68

CI Financial's Days Payable for the quarter that ended in Dec. 2024 is calculated as:

Days Payable (Q: Dec. 2024 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Sep. 2024 ) + Accounts Payable (Q: Dec. 2024 )) / count ) / Cost of Goods Sold (Q: Dec. 2024 )*Days in Period
=( (1487.799 + 1603.894) / 2 ) / 254.471*365 / 4
=1545.8465 / 254.471*365 / 4
=554.32

* 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.


CI Financial Days Payable Related Terms

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


CI Financial Business Description

Traded in Other Exchanges
Address
15 York Street, 2nd Floor, Legal Department, Toronto, ON, CAN, M5J 0A3
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
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
Brigette Elizabeth Chang Director
Darie Urbanky Senior Officer
Amarjit Kaur Anderson Senior Officer
Julie Lynn Silcox Senior Officer
Amit Muni Senior Officer
Kurt Macalpine Director, Senior Officer
Marc-andre Lewis Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Edward Douglas Kelterborn Senior Officer
Sean Andrew Etherington Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Christopher James Enright Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)