The Lovesac Co (The Lovesac Co) Accounts Receivable : $13.5 Mil (As of Jan. 2024)

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What is The Lovesac Co Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. The Lovesac Co's accounts receivables for the quarter that ended in Jan. 2024 was $13.5 Mil.

Accounts receivable can be measured by Days Sales Outstanding. The Lovesac Co's Days Sales Outstanding for the quarter that ended in Jan. 2024 was 4.90.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. The Lovesac Co's Net-Net Working Capital per share for the quarter that ended in Jan. 2024 was $-7.64.

The Lovesac Co Accounts Receivable Historical Data

The historical data trend for The Lovesac Co's Accounts Receivable 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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The Lovesac Co Accounts Receivable Chart

The Lovesac Co Annual Data

Trend

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Accounts Receivable

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4.72

1.55

8.55

9.10

13.46

The Lovesac Co Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Accounts Receivable	Get a 7-Day Free Trial															9.10	18.45	7.99	13.01	13.46

The Lovesac Co Accounts Receivable Calculation

Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.

The Lovesac Co Accounts Receivable Explanation

1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of 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 receivables are being managed.

The Lovesac Co's Days Sales Outstanding for the quarter that ended in Jan. 2024 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	13.463	/	250.507	*	91
=	4.90

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), The Lovesac Co's accounts receivable are only considered to be worth 75% of book value:

The Lovesac Co's Net-Net Working Capital Per Share for the quarter that ended in Jan. 2024 is calculated as:

	Net-Net Working Capital Per Share
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(87.036	+	0.75 * 13.463	+	0.5 * 98.44	-	264.684
-	0	-	0)	/	15.4894
=	-7.64

Be Aware

Net receivables tells us a great deal about the different competitors in the same industry. In competitive industries, some attempt to gain advantage by offering better credit terms, causing increase in sales and receivables.

If company consistently shows lower % Net receivables to gross sales than competitors, then it usually has some kind of competitive advantage which requires further digging.

Average Days Sales Outstanding is a good indicator for measuring a company's sales channel and customers. A company may book great revenue and earnings growth but never receive payment from their customers. This may force a write-off in the future and depress future earnings.

The Lovesac Co Accounts Receivable Related Terms

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The Lovesac Co (The Lovesac Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » The Lovesac Co (NAS:LOVE) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Two Landmark Square, Suite 300, Stamford, CT, USA, 06901

Website

https://www.lovesac.com

The Lovesac Co designs, manufactures and sells alternative furniture which is comprised of modular couches called sactionals and premium foam beanbag chairs called sacs. It also offers other accessories such as sactional-specific drink holders, Footsac blankets, decorative pillows, fitted seat tables and ottoman. Its products are sold across the United States through its website or company-owned retail stores which are used in homes and offices. Majority of the firm's revenue gets derives from the sale of Sactionals.

Executives

Andrew R Heyer	director, 10 percent owner	501 MADISON AVENUE, FLOOR 5, NEW YORK NY 10019
Shawn David Nelson	director, officer: Chief Executive Officer	2 LANDMARK SQUARE, SUITE 300, STAMFORD CT 06820
Satori Capital, Llc	10 percent owner	2501 N. HARWOOD ST., 20TH FLOOR, DALLAS TX 75201
Keith R. Siegner	officer: EVP and CFO	TWO LANDMARK SQUARE, SUITE 300, STAMFORD CT 06901
Vineet Mehra	director	330 HUDSON STREET, 13TH FLOOR, NEW YORK NY 10013
Sharon M Leite	director	100 PIER 1 PLACE, FT. WORTH TX 76102
Shirley Romig	director	TWO LANDMARK SQUARE, SUITE 300, STAMFORD CT 06901
Albert Jack Krause	director, officer: President and COO	2 LANDMARK SQUARE, SUITE 300, STAMFORD CT 06820
Walter Field Mclallen	director	1225 17TH AVE SOUTH, NASHVILLE TN 37212
Mary Fox	director	TWO LANDMARK SQUARE, SUITE 300, STAMFORD CT 06901
Mistral Equity Partners, Lp	10 percent owner	650 FIFTH AVENUE, 31ST FLOOR, New York NY 10019
Mistral Sac Holdings, Llc	10 percent owner	650 FIFTH AVENUE, FLOOR 10, NEW YORK NY 10019
Jared Rubin	director	4300 E. FIFTH AVE., COLUMBUS OH 43219
Sac Acquisition Llc	10 percent owner	700 CANAL STREET, 4TH FLOOR, STAMFORD CT 06902
Donna Dellomo	officer: Executive VP and CFO	35 SAWGRASS DRIVE, SUITE 2, BELLPORT NY 11713