Caleres Inc (CAL)

Short-term

Turnover ratios

Inventory Turnover:
- The inventory turnover ratio for Caleres Inc has fluctuated over the years, ranging from a high of 4.87 in February 3, 2024, to a low of 2.65 in January 31, 2025. This ratio indicates the efficiency of the company in managing its inventory levels and converting them into sales. A higher ratio generally suggests better inventory management.

Receivables Turnover:
- The receivables turnover ratio, which indicates how quickly the company collects its accounts receivable, varies for Caleres Inc. The company had a turnover of 19.74 in January 28, 2023, and 18.21 in February 3, 2024. The absence of data for some periods may suggest changes in the reporting of accounts receivable.

Payables Turnover:
- For Caleres Inc, the payables turnover ratio has also shown fluctuations, with a high of 12.04 in January 28, 2023, and a low of 10.46 in February 3, 2024. This ratio reflects how quickly the company pays its suppliers. A higher ratio could indicate prompt payment practices.

Working Capital Turnover:
- The working capital turnover ratio for Caleres Inc appears to have significantly increased from 34.65 in January 31, 2025, to 61.31 in January 31, 2024. This ratio assesses the efficiency of the company in utilizing its working capital to generate sales. A higher ratio suggests effective utilization of working capital to drive revenue.

Overall, these activity ratios provide insights into the operational efficiency and management of working capital, inventory, receivables, and payables at Caleres Inc over the specified periods. Tracking these ratios can help stakeholders assess the company's performance in managing its assets and liabilities effectively.

---

Average number of days

Based on the provided data, let's analyze the activity ratios of Caleres Inc:

1. Days of Inventory on Hand (DOH):
- Caleres Inc had 76.52 days of inventory on hand as of January 28, 2023.
- The DOH increased to 125.81 days by January 31, 2023, indicating a significant rise in the number of days it took to sell the inventory.
- The trend continued with DOH reaching 126.96 days on January 31, 2024, and 137.48 days by January 31, 2025.
- However, there was a significant improvement by February 3, 2024, with the DOH dropping to 74.87 days, suggesting a more efficient management of inventory.

2. Days of Sales Outstanding (DSO):
- Caleres Inc had 18.49 days of sales outstanding as of January 28, 2023, indicating a quick turnover of accounts receivable.
- The DSO data for the subsequent periods are missing, but we can infer that having a lower DSO would be preferable as it reflects faster collection of sales revenue.

3. Number of Days of Payables:
- As of January 28, 2023, Caleres Inc had 30.32 days of payables, implying it took, on average, 30.32 days to pay its outstanding invoices.
- The data for the subsequent periods are missing, but typically, a higher number of days of payables may suggest a more favorable situation as it indicates the company is taking longer to pay its suppliers, potentially improving cash flow.

In summary, the trend for Days of Inventory on Hand has been fluctuating, while Days of Sales Outstanding and Number of Days of Payables data are incomplete. Monitoring and managing these activity ratios is critical for assessing Caleres Inc's efficiency in managing its inventory, receivables, and payables.

---

Long-term

Caleres Inc's fixed asset turnover ratio provides insight into how efficiently the company is generating sales revenue from its investment in fixed assets. The trend indicates a significant fluctuation, as the ratio was 18.44 on January 28, 2023, dropped to 4.37 on January 31, 2023, not available for January 31, 2024, increased to 16.80 by February 3, 2024, and again not available for January 31, 2025.

The variations in the fixed asset turnover ratio suggest changes in the company's utilization of its fixed assets to generate sales. A high ratio indicates that the company is generating significant revenue relative to its investment in fixed assets, reflecting operational efficiency. On the other hand, a declining ratio may indicate underutilization or inefficiency in asset management.

Additionally, examining Caleres Inc's total asset turnover ratio reveals how well the company is generating sales relative to its total assets. The figures show a relatively stable trend, with a ratio of 1.62 on both January 28 and 31, 2023, a minor decrease to 1.56 for both January 31 and February 3, 2024, and a further decline to 1.44 on January 31, 2025.

The total asset turnover ratio helps assess how effectively the company is using its total assets to generate revenue. A higher ratio signifies that the company is efficiently utilizing its assets to generate sales, while a decreasing ratio may indicate a decline in asset productivity or potential inefficiencies in operational performance.

Overall, analyzing these long-term activity ratios for Caleres Inc provides valuable insights into the company's operational efficiency and asset utilization over the specified periods.