TMX Group (TSX:X) Days Payable : 88.50 (As of Dec. 2023)

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What is TMX Group Days Payable?

TMX Group's average Accounts Payable for the three months ended in Dec. 2023 was C$108 Mil. TMX Group's Cost of Goods Sold for the three months ended in Dec. 2023 was C$111 Mil. Hence, TMX Group's Days Payable for the three months ended in Dec. 2023 was 88.50.

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

TSX:X' s Days Payable Range Over the Past 10 Years
Min: 34.05 Med: 53.44 Max: 87.37
Current: 87.37

During the past 13 years, TMX Group's highest Days Payable was 87.37. The lowest was 34.05. And the median was 53.44.

TSX:X's Days Payable is ranked worse than
52.19% of 525 companies
in the Capital Markets industry
Industry Median: 96.48 vs TSX:X: 87.37

TMX Group's Days Payable declined from Dec. 2022 (90.25) to Dec. 2023 (88.50). It may suggest that TMX Group accelerated paying its suppliers.

TMX Group Days Payable Historical Data

The historical data trend for TMX 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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TMX Group Days Payable Chart

TMX Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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59.08

61.97

68.73

67.54

64.40

TMX 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															90.25	71.55	95.32	117.44	88.50

Competitive Comparison of TMX Group's Days Payable

For the Financial Data & Stock Exchanges subindustry, TMX 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.

TMX Group's Days Payable Distribution in the Capital Markets Industry

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

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

TMX 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.

TMX 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
=	( (67.1	+	79)	/	2 )	/	414	*	365
=	73.05					/	414	*	365
=	64.40

TMX 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
=	( (136.5	+	79)	/	2 )	/	111.1	*	365 / 4
=	107.75					/	111.1	*	365 / 4
=	88.50

TMX Group Days Payable Related Terms

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TMX Group (TSX:X) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

TMXXF:USA

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 global markets to provide investment opportunities for its clients. TMX Group's key operations include Toronto Stock Exchange, TSX Venture Exchange, TSX Alpha Exchange, The Canadian Depository for Securities, Montreal Exchange, Canadian Derivatives Clearing Corporation, and Trayport, which provides listing markets, trading markets, clearing facilities, depository services, technology solutions, data products, and other services to the global 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.