Canadian Imperial Bank Of Commerce

NYSE CM

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Canadian Imperial Bank Of Commerce Days Sales Outstanding (DSO) 3 year CAGR for the year ending October 31, 2023: 7.49%

Canadian Imperial Bank Of Commerce Days Sales Outstanding (DSO) 3 year CAGR is 7.49% for the year ending October 31, 2023, a -38.07% change year over year. The days sales outstanding ratio measures the average number of days it takes for a company to collect payment from its customers. It is calculated by dividing receivables by revenue and then multiplying by 365. This ratio indicates the average collection period for accounts receivable and provides insights into the effectiveness of the company's credit and collection policies. A shorter period indicates faster collection and better cash flow management. CAGR, or the Compound Annual Growth Rate, quantifies the mean annual growth rate of an investment or financial metric over a specified time span, considering the influence of compounding. It is instrumental in determining the true annualized return on an investment.

Canadian Imperial Bank Of Commerce Days Sales Outstanding (DSO) for the year ending October 31, 2022 was 331.34, a 74.14% change year over year.
Canadian Imperial Bank Of Commerce Days Sales Outstanding (DSO) for the year ending October 31, 2021 was 190.27, a 8.27% change year over year.
Canadian Imperial Bank Of Commerce Days Sales Outstanding (DSO) for the year ending October 31, 2020 was 175.73, a -25.28% change year over year.
Canadian Imperial Bank Of Commerce Days Sales Outstanding (DSO) for the year ending October 31, 2019 was 235.20, a 9.60% change year over year.

NYSE: CM

Canadian Imperial Bank Of Commerce

CEO	Mr. Victor G. Dodig
IPO Date	Nov. 13, 1997
Location	Canada
Headquarters	81 Bay Street, Toronto, ON, Canada, M5J 0E7
Employees	48,047
Sector	Financial Services
Industry	Banks - diversified

Description

Canadian Imperial Bank of Commerce, a diversified financial institution, provides various financial products and services to personal, business, public sector, and institutional clients in Canada, the United States, and internationally. The company operates through Canadian Personal and Business Banking; Canadian Commercial Banking and Wealth Management; U.S. Commercial Banking and Wealth Management; Capital Markets and Direct Financial Services; and Corporate and Other segments. It offers checking, savings, and business accounts; mortgages; business, car, and other loans; lines of credit, student lines of credit, and agriculture loans; and small business financing and overdraft protection services. The company also provides investment and insurance services; credit cards; and ATMs, as well as mobile, online, and global money and wire transfer services. Canadian Imperial Bank of Commerce was founded in 1867 and is headquartered in Toronto, Canada.

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