Caleres Inc (CAL)
Days of inventory on hand (DOH)
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 4.87 | 4.77 | 4.34 | 5.48 | 4.59 | |
| DOH | days | 74.87 | 76.52 | 84.15 | 66.65 | 79.57 |
February 3, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 4.87
= 74.87
The days of inventory on hand (DOH) for Caleres Inc has exhibited some fluctuation in recent years. As of February 3, 2024, the company reported a DOH of 74.87 days, showing a slight improvement compared to the previous year's 76.52 days. This indicates that Caleres has been more efficient in managing its inventory levels, potentially resulting in a quicker turnover of goods.
Looking further back, in January 2022, the DOH was recorded at 84.15 days, which was higher than the current year but lower than the previous year. This suggests that there may have been some improvements in inventory management practices over the past two years.
Comparing the most recent DOH to that of January 30, 2021, when it was 66.65 days, the current figure appears to be higher, indicating a longer period of time that inventory is held before being sold. However, in the context of the past five years, the current DOH is relatively lower than the figure reported on February 1, 2020, which stood at 79.57 days.
Overall, the trend in Caleres Inc's DOH over the past five years shows some variability, with fluctuations in the efficiency of inventory turnover. It would be important for the company to continue monitoring and optimizing its inventory management practices to ensure optimal utilization of resources and improve overall operational performance.
Peer comparison
Feb 3, 2024