Tempur Sealy International Inc (TPX)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 8.98 | 7.98 | 6.42 | 6.29 | 7.01 | |
| Number of days of payables | days | 40.63 | 45.73 | 56.88 | 58.03 | 52.09 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 8.98
= 40.63
The number of days of payables for Tempur Sealy International Inc has exhibited a decreasing trend over the past five years. As of December 31, 2023, the company takes approximately 40.63 days to pay off its trade payables, which is a reduction from 45.73 days in 2022 and a significant improvement from 56.88 days in 2021. This indicates that Tempur Sealy has been managing its payables more efficiently and is paying off its obligations more promptly compared to previous years. It is important to note that a lower number of days of payables suggests that the company is taking fewer days to settle its outstanding invoices, which can be a positive indicator of effective cash flow management and potentially stronger supplier relationships.
Peer comparison
Dec 31, 2023