TMX Group (TSX:X) Days Sales Outstanding : 47.08 (As of Dec. 2023)

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What is TMX Group Days Sales Outstanding?

TMX Group's average Accounts Receivable for the three months ended in Dec. 2023 was C$156 Mil. TMX Group's Revenue for the three months ended in Dec. 2023 was C$302 Mil. Hence, TMX Group's Days Sales Outstanding for the three months ended in Dec. 2023 was 47.08.

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: 50.15
Current: 50.15

During the past 13 years, TMX Group's highest Days Sales Outstanding was 50.15. The lowest was 34.67. And the median was 38.08.

TSX:X's Days Sales Outstanding is ranked better than
55.46% of 559 companies
in the Capital Markets industry
Industry Median: 62.31 vs TSX:X: 50.15

TMX Group's Days Sales Outstanding increased from Dec. 2022 (46.58) to Dec. 2023 (47.08).

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.

* Premium members only.

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
	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															46.58	50.25	56.67	58.25	47.08

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 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
=	( (187	+	124.1)	/	2 )	/	301.5	*	365 / 4
=	155.55					/	301.5	*	365 / 4
=	47.08

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 (TSX:X) 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

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.