CI Investment Grade Bond ETF (TSX:FIG) Days Payable : 10,938.83 (As of Dec. 2015)

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What is CI Investment Grade Bond ETF Days Payable?

CI Investment Grade Bond ETF's average Accounts Payable for the six months ended in Dec. 2015 was C$20.08 Mil. CI Investment Grade Bond ETF's Cost of Goods Sold for the six months ended in Dec. 2015 was C$0.34 Mil. Hence, CI Investment Grade Bond ETF's Days Payable for the six months ended in Dec. 2015 was 10,938.83.

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

TSX:FIG's Days Payable is not ranked ^*
in the Asset Management industry.
Industry Median: 74.53
* Ranked among companies with meaningful Days Payable only.

CI Investment Grade Bond ETF's Days Payable increased from Dec. 2014 (4,539.21) to Dec. 2015 (10,938.83). It may suggest that CI Investment Grade Bond ETF delayed paying its suppliers.

CI Investment Grade Bond ETF Days Payable Historical Data

The historical data trend for CI Investment Grade Bond ETF'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 Investment Grade Bond ETF Days Payable Chart

CI Investment Grade Bond ETF Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Days Payable

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1,086.96

581.72

5,635.69

13,109.06

CI Investment Grade Bond ETF Semi-Annual Data
	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15
Days Payable	Get a 7-Day Free Trial							22.15	31.25	4,539.21	3,521.49	10,938.83

Competitive Comparison of CI Investment Grade Bond ETF's Days Payable

For the Asset Management subindustry, CI Investment Grade Bond ETF'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 Investment Grade Bond ETF's Days Payable Distribution in the Asset Management Industry

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

* The bar in red indicates where CI Investment Grade Bond ETF's Days Payable falls into.

CI Investment Grade Bond ETF 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 Investment Grade Bond ETF's Days Payable for the fiscal year that ended in Dec. 2015 is calculated as

	Days Payable (A: Dec. 2015 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2014 )	+	Accounts Payable (A: Dec. 2015 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2015 )	*	Days in Period
=	( (11.864	+	38.13)	/	2 )	/	0.696	*	365
=	24.997					/	0.696	*	365
=	13,109.06

CI Investment Grade Bond ETF's Days Payable for the quarter that ended in Dec. 2015 is calculated as:

	Days Payable (Q: Dec. 2015 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2015 )	+	Accounts Payable (Q: Dec. 2015 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2015 )	*	Days in Period
=	( (2.029	+	38.13)	/	2 )	/	0.335	*	365 / 2
=	20.0795					/	0.335	*	365 / 2
=	10,938.83

CI Investment Grade Bond ETF Days Payable Related Terms

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

CI Investment Grade Bond ETF (TSX:FIG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » CI Investment Grade Bond ETF (TSX:FIG) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.marret.ca

Marret Investment Grade Bond Fund is a closed-end investment fund. Its investment objective is to provide holders of units with attractive monthly tax advantaged cash distributions and to maximize the total return for unitholders.

CI Investment Grade Bond ETF (TSX:FIG) Headlines

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