Guardian Capital Group (TSX:GCG.A) Days Payable : 419.79 (As of Dec. 2023)

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What is Guardian Capital Group Days Payable?

Guardian Capital Group's average Accounts Payable for the three months ended in Dec. 2023 was C$126.9 Mil. Guardian Capital Group's Cost of Goods Sold for the three months ended in Dec. 2023 was C$27.6 Mil. Hence, Guardian Capital Group's Days Payable for the three months ended in Dec. 2023 was 419.79.

The historical rank and industry rank for Guardian Capital Group's Days Payable or its related term are showing as below:

TSX:GCG.A' s Days Payable Range Over the Past 10 Years
Min: 208.76 Med: 221.78 Max: 574.63
Current: 283.85

During the past 13 years, Guardian Capital Group's highest Days Payable was 574.63. The lowest was 208.76. And the median was 221.78.

TSX:GCG.A's Days Payable is ranked better than
77.78% of 468 companies
in the Asset Management industry
Industry Median: 69.215 vs TSX:GCG.A: 283.85

Guardian Capital Group's Days Payable declined from Dec. 2022 (492.80) to Dec. 2023 (419.79). It may suggest that Guardian Capital Group accelerated paying its suppliers.

Guardian Capital Group Days Payable Historical Data

The historical data trend for Guardian Capital Group'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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Guardian Capital Group Days Payable Chart

Guardian Capital Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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209.07

221.60

574.63

437.29

253.44

Guardian Capital Group 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															492.80	215.62	207.92	341.23	419.79

Competitive Comparison of Guardian Capital Group's Days Payable

For the Asset Management subindustry, Guardian Capital Group'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.

Guardian Capital Group's Days Payable Distribution in the Asset Management Industry

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

* The bar in red indicates where Guardian Capital Group's Days Payable falls into.

Guardian Capital Group 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.

Guardian Capital Group'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
=	( (79.772	+	91.496)	/	2 )	/	123.33	*	365
=	85.634					/	123.33	*	365
=	253.44

Guardian Capital Group'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
=	( (162.385	+	91.496)	/	2 )	/	27.593	*	365 / 4
=	126.9405					/	27.593	*	365 / 4
=	419.79

Guardian Capital Group Days Payable Related Terms

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Guardian Capital Group (TSX:GCG.A) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Guardian Capital Group Ltd (TSX:GCG.A) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

GCAAF:USA GCG:Canada

Address

Commerce Court West, Suite 3100, P.O. Box 201, Toronto, ON, CAN, M5L 1E8

Website

https://www.guardiancapital.com

Guardian Capital Group Ltd is a diversified financial services company. It operates in three reportable segment Investment Management, Wealth Management, and Corporate Activities and Investments. The majority of revenue is derived from the Investment Management segment, which primarily involves earning management fees relating to investment management services provided to clients.

Guardian Capital Group (TSX:GCG.A) Headlines

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