Caleres Inc (CAL)
Inventory turnover
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 2,635,690 | 2,767,720 | 2,588,530 | 2,672,030 | 2,836,750 |
| Inventory | US$ in thousands | 540,674 | 580,215 | 596,807 | 487,955 | 618,406 |
| Inventory turnover | 4.87 | 4.77 | 4.34 | 5.48 | 4.59 |
February 3, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $2,635,690K ÷ $540,674K
= 4.87
Based on the inventory turnover ratios for Caleres Inc over the past five years, we observe fluctuations in the efficiency of managing inventory. The inventory turnover ratio measures how many times a company sells and replaces its inventory during a specific period.
In 2024, the inventory turnover ratio increased to 4.87 from the previous year's 4.77, indicating that Caleres Inc was able to sell and replace its inventory more frequently. This could suggest improved inventory management or increased demand for the company's products.
Comparing 2024 to 2022, we note that the inventory turnover ratio has generally trended higher, with the highest ratio observed in 2021 at 5.48. This indicates that Caleres Inc was more efficient in managing its inventory in 2021 compared to the other years.
Although the inventory turnover ratio fluctuated over the period, it generally remained within a similar range, suggesting that Caleres Inc has been able to effectively manage its inventory levels. However, further analysis of the company's sales trends and supply chain efficiency would provide a more detailed understanding of its inventory management performance.
Peer comparison
Feb 3, 2024