Tiffany (Tiffany) Accounts Receivable : $200 Mil (As of Oct. 2020)

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What is Tiffany Accounts Receivable?

Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Tiffany's accounts receivables for the quarter that ended in Oct. 2020 was $200 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Tiffany's Days Sales Outstanding for the quarter that ended in Oct. 2020 was 18.13.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Tiffany's Net-Net Working Capital per share for the quarter that ended in Oct. 2020 was $-9.30.

Tiffany Accounts Receivable Historical Data

The historical data trend for Tiffany'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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Tiffany Accounts Receivable Chart

Tiffany Annual Data

Trend

Jan11

Jan12

Jan13

Jan14

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Accounts Receivable

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206.40

226.80

231.20

245.40

240.00

Tiffany Quarterly Data
	Jan16	Apr16	Jul16	Oct16	Jan17	Apr17	Jul17	Oct17	Jan18	Apr18	Jul18	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20
Accounts Receivable	Get a 7-Day Free Trial															218.00	240.00	152.50	196.60	200.30

Tiffany Accounts Receivable Calculation

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

Tiffany 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.

Tiffany's Days Sales Outstanding for the quarter that ended in Oct. 2020 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	200.3	/	1008.2	*	91
=	18.13

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

Tiffany's Net-Net Working Capital Per Share for the quarter that ended in Oct. 2020 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)
=	(1145.7	+	0.75 * 200.3	+	0.5 * 2485.1	-	3656.6
-	0	-	11.5)	/	121.411
=	-9.30

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.

Tiffany Accounts Receivable Related Terms

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Tiffany (Tiffany) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Tiffany & Co (NYSE:TIF) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

N/A

Address

200 Fifth Avenue, New York, NY, USA, 10010

Website

https://www.tiffany.com

Tiffany is a monobrand jeweler with a 180-year history. It is vertically integrated, with around 60% of jewellery produced internally. Tiffany is present in over 20 countries globally, with over 300 own stores. Its biggest market is its home market, the U.S.; however, Europe and Asia-Pacific have shown the strongest growth in recent years. Engagement jewellery contributes 26% of sales, the remainder being designer jewellery and other collections.

Executives

Alessandro Bogliolo	director, officer: Chief Executive Officer	727 FIFTH AVENUE, NEW YORK NY 10022
Gretchen Koback-pursel	officer: Senior Vice President	200 FIFTH AVENUE NEW YORK NY 10010
Andrea Davey	officer: Senior Vice President	200 FIFTH AVENUE NEW YORK NY 10010
Philippe Galtie	officer: Senior Vice President	200 FIFTH AVENUE NEW YORK NY 10010
Leigh M. Harlan	officer: SENIOR VICE PRESIDENT	200 FIFTH AVENUE NEW YORK NY 10010
Mark J Erceg	officer: Principal Financial Officer	248 E. SKYLINE DRIVE, WASHINGTON UT 84780
Andrew W. Hart	officer: SENIOR VICE PRESIDENT	TIFFANY & CO. 727 FIFTH AVENUE NEW YORK NY 10022
Daniella Vitale	officer: Executive Vice President	200 FIFTH AVENUE NEW YORK NY 10010
Francesco Trapani	director	727 FIFTH AVENUE NEW YORK NY 10022
Abby F Kohnstamm	director	C/O TIFFANY & CO., CORP. SECRETARY'S DEPT., 600 MADISON AV, NEW YORK NY 10022
Hafize Gaye Erkan	director	727 FIFTH AVENUE, NEW YORK NY 10022
Hudis Jane Hertzmark	director	C/O THE ESTEE LAUDER COMPANIES INC., 767 FIFTH AVENUE, NEW YORK NY 10153
Lawrence K Fish	director	ONE CITIZENS PLAZA, PROVIDENCE RI 02903
William A Shutzer	director	C/O TIFFANY & CO LEGAL DEPT, 727 FIFTH AVE, NEW YORK NY 10022
Pamela H Cloud	officer: Senior Vice President	TIFFANY & CO. 727 FIFTH AVENUE NEW YORK NY 10022