Caleres Inc (CAL)
Inventory turnover
| Jan 31, 2025 | Feb 3, 2024 | Jan 31, 2024 | Jan 31, 2023 | Jan 28, 2023 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 1,500,640 | 2,635,690 | 1,554,340 | 1,683,260 | 2,767,720 |
| Inventory | US$ in thousands | 565,241 | 540,674 | 540,674 | 580,215 | 580,215 |
| Inventory turnover | 2.65 | 4.87 | 2.87 | 2.90 | 4.77 |
January 31, 2025 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $1,500,640K ÷ $565,241K
= 2.65
Caleres Inc's inventory turnover has fluctuated over the years based on the provided data. In January 2023, the inventory turnover was 4.77, indicating that the company managed to turn over its inventory almost five times during that period. However, there was a decline in the inventory turnover to 2.90 by January 31, 2023, suggesting a decrease in the efficiency of managing inventory.
Subsequently, the trend continued with the inventory turnover remaining relatively low at 2.87 by January 31, 2024. However, there was a significant improvement by February 3, 2024, with the inventory turnover increasing to 4.87, indicating a more efficient management of inventory at that point in time.
By January 31, 2025, the inventory turnover dropped to 2.65, which suggests a decrease in the efficiency of converting inventory into sales compared to the previous periods.
Overall, Caleres Inc's inventory turnover has shown variability over the years, with some periods indicating better efficiency in managing inventory turnover compared to others. It is essential for the company to consistently monitor and improve its inventory turnover to ensure optimal utilization of resources and maintain profitability.
Peer comparison
Jan 31, 2025