Tempur Sealy International (Tempur Sealy International) Accounts Receivable

: $431 Mil (As of Dec. 2023)

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Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Tempur Sealy International's accounts receivables for the quarter that ended in Dec. 2023 was $431 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Tempur Sealy International's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 33.63.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Tempur Sealy International's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-20.84.

Tempur Sealy International Accounts Receivable Historical Data

The historical data trend for Tempur Sealy International'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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Tempur Sealy International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

372.00

383.70

419.50

422.60

431.40

Tempur Sealy International Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Accounts Receivable																422.60	461.50	476.10	525.80	431.40

Tempur Sealy International Accounts Receivable Calculation

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

Tempur Sealy International 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.

Tempur Sealy International's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	431.4	/	1170.5	*	91
=	33.63

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

Tempur Sealy International's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 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)
=	(74.9	+	0.75 * 431.4	+	0.5 * 483.1	-	4220.5
-	0	-	10)	/	172.274
=	-20.84

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.

Tempur Sealy International Accounts Receivable Related Terms

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Tempur Sealy International (Tempur Sealy International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Tempur Sealy International Inc (NYSE:TPX) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

TPD:Germany

Address

1000 Tempur Way, Lexington, KY, USA, 40511

Website

https://www.tempursealy.com

Tempur Sealy International Inc is one of the world's largest bedding providers. The firm develops and distributes bedding products globally through its North America and international segments (Europe, Asia Pacific, and Latin America). Tempur Sealy's products are divided into the bedding and other product categories. The bedding category comprises the majority of net sales. The primary distribution channels of the company within each segment are retail (including furniture and bedding retailers, department stores, and warehouse clubs) and other (including e-commerce platforms, company-owned stores, and third-party distributors). The majority of net sales is derived from retail. Some major brands of the firm include Tempur, Tempur-Pedic, Sealy, and Stearns and Foster.

Executives

Evelyn S Dilsaver	director	C/O LONGS DRUG STORES CORPORATION, 141 NORTH CIVIC DRIVE, WALNUT CREEK CA 94596
Hansbart Wijnand	officer: EVP, INTERNATIONAL	1000 TEMPUR WAY, LEXINGTON KY 40511
David Montgomery	officer: Exec VP, Pres of Intl Ops	TEMPUR SEALY INTERNATIONAL, INC., 1000 TEMPUR WAY, LEXINGTON KY 40511
Bhaskar Rao	officer: CAO & VP of Strategic Planning	TEMPUR SEALY INTERNATIONAL, INC., 1000 TEMPUR WAY, LEXINGTON KY 40511
Simon Dyer	director	1000 TEMPUR WAY, LEXINGTON KY 40511
Meredith R. Siegfried	director	C/O SKYWEST, INC., 444 S RIVER ROAD, ST. GEORGE UT 84790
Scott L Thompson	director, officer: Chairman, President and CEO	950 ECHO LN STE 100, HOUSTON TX 77024
Thomas A. Murray	officer: EVP, CMO U.S.	C/O CARBONITE, INC., 177 HUNTINGTON AVENUE, BOSTON MA 02115
Buster H Clifford Iii	officer: EVP, Direct to Consumer	1000 TEMPUR WAY, LEXINGTON KY 74135
Scott Vollet	officer: EVP, Global Operations	1000, TEMPUR WAY, LEXINGTON KY 40511
Trussell Robert B Jr	director	TEMPUR SEALY INTERNATIONAL, INC., 1000 TEMPUR WAY, LEXINGTON KY 40511
Steven H Rusing	officer: President, U.S. Sales	C/O SEALY CORPORATION, ONE OFFICE PARKWAY, TRINITY NC 27370
Arik W Ruchim	director	600 CORPORATION DRIVE, PENDLETON IN 46064
Richard W Neu	director	1100 WILSON BOULEVARD, SUITE 3000, ARLINGTON VA 22209
John Heil	director	VCA ANTECH INC, 12401 WEST OLYMPIC BLVD, LOS ANGELES CA 90064