CI Financial (TSX:CIX) Days Sales Outstanding : 31.18 (As of Dec. 2023)

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What is CI Financial Days Sales Outstanding?

CI Financial's average Accounts Receivable for the three months ended in Dec. 2023 was C$381 Mil. CI Financial's Revenue for the three months ended in Dec. 2023 was C$1,116 Mil. Hence, CI Financial's Days Sales Outstanding for the three months ended in Dec. 2023 was 31.18.

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

TSX:CIX' s Days Sales Outstanding Range Over the Past 10 Years
Min: 17.6 Med: 32.66 Max: 43.22
Current: 41.63

During the past 13 years, CI Financial's highest Days Sales Outstanding was 43.22. The lowest was 17.60. And the median was 32.66.

TSX:CIX's Days Sales Outstanding is ranked better than
57.23% of 512 companies
in the Asset Management industry
Industry Median: 49.62 vs TSX:CIX: 41.63

CI Financial's Days Sales Outstanding increased from Dec. 2022 (23.74) to Dec. 2023 (31.18).

CI Financial Days Sales Outstanding Historical Data

The historical data trend for CI Financial's Days Sales Outstanding 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 Sales Outstanding Chart

CI Financial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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28.11

36.54

43.22

35.72

40.65

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 Sales Outstanding	Get a 7-Day Free Trial															23.74	45.56	48.69	49.47	31.18

Competitive Comparison of CI Financial's Days Sales Outstanding

For the Asset Management subindustry, CI Financial's Days Sales Outstanding, along with its competitors' market caps and Days Sales Outstanding 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 Sales Outstanding Distribution in the Asset Management Industry

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

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

CI Financial Days Sales Outstanding Calculation

Days Sales Outstanding measures the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed.

Accounts Receivable can be measured by Days Sales Outstanding.

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

	Days Sales Outstanding (A: Dec. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (298.778	+	388.029)	/	2 )	/	3083.79	*	365
=	343.4035					/	3083.79	*	365
=	40.65

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

	Days Sales Outstanding (Q: Dec. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Sep. 2023 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (374.732	+	388.029)	/	2 )	/	1116.299	*	365 / 4
=	381.3805					/	1116.299	*	365 / 4
=	31.18

CI Financial (TSX:CIX) Days Sales Outstanding Explanation

For retailers, when we compare Days Sales Outstanding, it is important to compare the same period in the previous years.

CI Financial Days Sales Outstanding Related Terms

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CI Financial (TSX:CIX) Business Description

Industry

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

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Traded in Other Exchanges

CIXXF:USA CF7:Germany

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.