Tempur Sealy International Inc (TPX)
Number of days of payables
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 8.98 | 7.84 | 7.93 | 7.78 | 7.98 | 6.65 | 6.86 | 6.28 | 6.42 | 5.59 | 6.95 | 7.75 | 6.29 | 5.90 | 7.32 | 6.86 | 7.01 | 6.05 | 6.97 | 6.59 | |
| Number of days of payables | days | 40.63 | 46.53 | 46.02 | 46.93 | 45.73 | 54.87 | 53.21 | 58.11 | 56.88 | 65.34 | 52.52 | 47.12 | 58.03 | 61.89 | 49.83 | 53.21 | 52.09 | 60.30 | 52.38 | 55.41 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 8.98
= 40.63
Tempur Sealy International Inc's number of days of payables has shown a fluctuating trend over the past eight quarters. In Q4 2023, the company took approximately 40.63 days to pay its suppliers, which marked a decrease from the previous quarter. This indicates that the company was able to manage its payables more efficiently during this period. However, when compared to the same quarter in the previous year, the number of days of payables was slightly higher.
Looking at the broader trend, Tempur Sealy International Inc's payables period has been relatively stable over the past two years, hovering between approximately 40 to 60 days. A lower number of days of payables suggests that the company is paying its suppliers more quickly, which could signal strong cash flow management or negotiation power with vendors. On the other hand, a higher number of days of payables may indicate potential liquidity challenges or a deliberate strategy to preserve cash.
Overall, the analysis of Tempur Sealy International Inc's number of days of payables provides insights into the company's working capital management practices and financial performance in relation to its suppliers.
Peer comparison
Dec 31, 2023