CI Financial (STU:CF7) Receivables Turnover : 2.18 (As of Dec. 2024)

View and export this data going back to 2022. Start your Free Trial

What is CI Financial Receivables Turnover?

The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. CI Financial's Revenue for the three months ended in Dec. 2024 was €615 Mil. CI Financial's average Accounts Receivable for the three months ended in Dec. 2024 was €282 Mil. Hence, CI Financial's Receivables Turnover for the three months ended in Dec. 2024 was 2.18.

CI Financial Receivables Turnover Historical Data

The historical data trend for CI Financial's Receivables Turnover 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 Receivables Turnover Chart

CI Financial Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

Get a 7-Day Free Trial

9.73

10.98

10.24

8.92

8.29

CI Financial Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Receivables Turnover	Get a 7-Day Free Trial															2.01	1.97	1.88	1.97	2.18

Competitive Comparison of CI Financial's Receivables Turnover

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

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

* The bar in red indicates where CI Financial's Receivables Turnover falls into.

Save Embed

;

Save Embed

;

CI Financial Receivables Turnover Calculation

Receivables Turnover measures the number of times a company collects its average accounts receivable balance.

CI Financial's Receivables Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Receivables Turnover (A: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2024 )	/ (	(Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Dec. 2024 ))	/	count )
=	2302.099	/ (	(265.223	+	290.248)	/	2 )
=	2302.099	/	277.7355
=	8.29

CI Financial's Receivables Turnover for the quarter that ended in Dec. 2024 is calculated as

	Receivables Turnover (Q: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2024 )	/ (	(Accounts Receivable (Q: Sep. 2024 )	+	Accounts Receivable (Q: Dec. 2024 ))	/	count )
=	614.737	/ (	(273.84	+	290.248)	/	2 )
=	614.737	/	282.044
=	2.18

CI Financial (STU:CF7) Receivables Turnover Explanation

An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.

CI Financial Receivables Turnover Related Terms

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

CI Financial Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » CI Financial Corp (STU:CF7) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

CIXXF:USA CF7:Germany CIX:Canada

Address

15 York Street, 2nd Floor, Legal Department, Toronto, ON, CAN, M5J 0A3

Website

https://www.cifinancial.com

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.

CI Financial Headlines

No Headlines