Caleres Inc (CAL)
Days of inventory on hand (DOH)
| Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Feb 3, 2024 | Jan 31, 2024 | Oct 31, 2023 | Oct 28, 2023 | Jul 31, 2023 | Jul 29, 2023 | Apr 30, 2023 | Apr 29, 2023 | Jan 31, 2023 | Jan 28, 2023 | Oct 31, 2022 | Oct 29, 2022 | Jul 31, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 31, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 2.66 | 3.09 | 2.70 | 3.46 | 4.04 | 3.50 | 3.87 | 3.76 | 3.04 | 3.09 | 3.69 | 3.87 | 3.95 | 3.94 | 3.52 | 3.44 | 2.43 | 2.73 | 2.92 | 3.65 | |
| DOH | days | 137.11 | 118.14 | 135.00 | 105.44 | 90.40 | 104.14 | 94.28 | 97.05 | 120.16 | 118.17 | 98.89 | 94.40 | 92.30 | 92.69 | 103.73 | 106.06 | 150.31 | 133.62 | 124.89 | 99.94 |
January 31, 2025 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 2.66
= 137.11
The Days of Inventory on Hand (DOH) ratio for Caleres Inc fluctuated over the period from January 31, 2022, to January 31, 2025.
The DOH increased from 99.94 days on January 31, 2022, to a peak of 150.31 days on July 31, 2022. This significant increase suggests that Caleres Inc may have been holding excess inventory relative to its sales during this period.
Subsequently, the DOH decreased to around 92.30 days by January 31, 2023, indicating an improvement in inventory management efficiency. However, there was a slight uptick in DOH to 120.16 days by July 31, 2023, before decreasing again to 94.28 days by October 31, 2023.
The DOH ratio rose again to 137.11 days by January 31, 2025, which may suggest a potential buildup of inventory relative to sales volume during this period. A high DOH ratio can lead to increased holding costs, risk of obsolescence, and reduced liquidity.
Overall, Caleres Inc should continue to monitor and manage its inventory levels effectively to optimize operational efficiency, reduce carrying costs, and maintain a healthy balance between inventory levels and sales demand.
Peer comparison
Jan 31, 2025