TMX Group (TSX:X) Days Sales Outstanding : 341.93 (As of Sep. 2024)

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What is TMX Group Days Sales Outstanding?

TMX Group's average Accounts Receivable for the three months ended in Sep. 2024 was C$1,326 Mil. TMX Group's Revenue for the three months ended in Sep. 2024 was C$354 Mil. Hence, TMX Group's Days Sales Outstanding for the three months ended in Sep. 2024 was 341.93.

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

TSX:X' s Days Sales Outstanding Range Over the Past 10 Years
Min: 34.67 Med: 38.08 Max: 172.02
Current: 172.02

During the past 13 years, TMX Group's highest Days Sales Outstanding was 172.02. The lowest was 34.67. And the median was 38.08.

TSX:X's Days Sales Outstanding is ranked worse than
70.98% of 572 companies
in the Capital Markets industry
Industry Median: 61.665 vs TSX:X: 172.02

TMX Group's Days Sales Outstanding increased from Sep. 2023 (58.25) to Sep. 2024 (341.93).

Warning Sign:

If a company's sales outstanding increases, it means it has difficulty collecting payments from its customers.

TMX Group Days Sales Outstanding Historical Data

The historical data trend for TMX Group'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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TMX Group Days Sales Outstanding Chart

TMX Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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43.09

40.42

36.68

37.40

38.67

TMX Group Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Sales Outstanding	Get a 7-Day Free Trial															58.25	47.08	50.90	62.18	341.93

Competitive Comparison of TMX Group's Days Sales Outstanding

For the Financial Data & Stock Exchanges subindustry, TMX Group'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.

TMX Group's Days Sales Outstanding Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, TMX Group's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where TMX Group's Days Sales Outstanding falls into.

TMX Group 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.

TMX Group'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
=	( (128.9	+	124.1)	/	2 )	/	1194.1	*	365
=	126.5					/	1194.1	*	365
=	38.67

TMX Group's Days Sales Outstanding for the quarter that ended in Sep. 2024 is calculated as:

	Days Sales Outstanding (Q: Sep. 2024 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Jun. 2024 )	+	Accounts Receivable (A: Sep. 2024 ))	/	count )	/	Revenue (A: Sep. 2024 )	*	Days in Period
=	( (238.5	+	2413)	/	2 )	/	353.8	*	365 / 4
=	1325.75					/	353.8	*	365 / 4
=	341.93

TMX Group (TSX:X) Days Sales Outstanding Explanation

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

TMX Group Days Sales Outstanding Related Terms

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TMX Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » TMX Group Ltd (TSX:X) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

TMXXF:USA 9TX:Germany

Address

300 - 100 Adelaide Street West, Toronto, ON, CAN, M5H 1S3

Website

https://www.tmx.com

TMX Group Ltd is a company that operates several markets to provide investment opportunities for its clients. TMX Group provides listing markets, trading markets, clearing facilities, depository services, technology solutions, data products, and other services to the world-wide financial community. TMX Group operates offices across North America (Montreal, Calgary, Vancouver, and New York), as well as in key international markets including London and Singapore. The company has four segments namely: Global Solutions, Insights & Analytics, which derives the key revenue; Capital Formation; Derivatives Trading & Clearing; and Equities and Fixed Income Trading & Clearing.

Executives

Jayakumar Rajarathinam	Senior Officer
Elias Anastasopoulos	Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Luc Bertrand	Director
Frank Di Liso	Senior Officer
Shaun Mciver	Senior Officer
John Mckenzie	Senior Officer
Claude Tessier	Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Peter Alexander Conroy	Director or Senior Officer of Insider or Subsidiary (other than in 4,5,6)
Luc Fortin	Senior Officer
Cheryl Graden	Senior Officer
Mary Lou Hukezalie	Senior Officer