Caleres Inc (CAL)
Days of inventory on hand (DOH)
| Feb 3, 2024 | Oct 28, 2023 | Jul 29, 2023 | Apr 29, 2023 | Jan 28, 2023 | Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 29, 2022 | Oct 30, 2021 | Jul 31, 2021 | May 1, 2021 | Jan 30, 2021 | Oct 31, 2020 | Aug 1, 2020 | May 2, 2020 | Feb 1, 2020 | Nov 2, 2019 | Aug 3, 2019 | May 4, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 4.87 | 4.75 | 4.07 | 4.84 | 4.77 | 4.21 | 3.49 | 4.10 | 4.34 | 4.85 | 4.52 | 5.55 | 4.32 | 4.19 | 3.91 | 4.16 | 4.16 | 2.51 | 0.72 | -0.64 | |
| DOH | days | 74.88 | 76.89 | 89.77 | 75.35 | 76.52 | 86.69 | 104.44 | 89.10 | 84.16 | 75.25 | 80.67 | 65.77 | 84.48 | 87.16 | 93.40 | 87.73 | 87.81 | 145.50 | 506.90 | — |
February 3, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 4.87
= 74.88
The days of inventory on hand (DOH) for Caleres Inc have fluctuated over the past few years, as indicated by the data provided. The DOH represents the average number of days it takes for the company to convert its inventory into sales.
Analyzing the trend, we can observe that the DOH has shown some variability, ranging from as low as 65.77 days to as high as 506.90 days. The exceptionally high DOH of 506.90 days in November 2019 could be an outlier or could signal inefficiencies in inventory management during that period. Subsequently, there is a significant drop in the DOH to 145.50 days in August 2019, which suggests a potential improvement in inventory turnover.
In recent periods, the DOH has ranged between 74.88 days and 89.77 days. This indicates that the company has generally maintained a consistent level of inventory management efficiency. However, it is essential for Caleres Inc to carefully monitor and manage its inventory levels to avoid excess inventory carrying costs or stockouts that could potentially impact profitability.
In conclusion, while there have been fluctuations in Caleres Inc's DOH over the analyzed periods, the company should strive for a balance in inventory management to optimize working capital and maximize operational efficiency.
Peer comparison
Feb 3, 2024