Caleres Inc (CAL)

Inventory turnover

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
Cost of revenue (ttm) US$ in thousands 2,635,610 2,639,515 2,686,265 2,710,173 2,767,674 2,733,593 2,693,231 2,636,357 2,588,432 2,634,927 2,558,587 2,471,236 2,108,135 2,124,786 2,246,281 2,435,274 2,570,492 1,617,180 570,334 -412,767
Inventory US$ in thousands 540,674 556,034 660,690 559,467 580,215 649,257 770,652 643,527 596,807 543,218 565,512 445,299 487,955 507,365 574,830 585,307 618,406 644,646 792,064 648,145
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

February 3, 2024 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $2,635,610K ÷ $540,674K
= 4.87

Inventory turnover is a crucial financial ratio that measures how efficiently a company manages its inventory by showing how many times it sells and replaces its inventory during a specific period. For Caleres Inc, the inventory turnover ratio has fluctuated over the past few years, ranging from a low of -0.64 to a high of 5.55.

A higher inventory turnover ratio indicates that the company is selling its inventory quickly and efficiently, which is generally a positive sign. Caleres Inc's highest inventory turnover ratio was 5.55, which occurred on May 1, 2021, suggesting strong sales and effective inventory management during that period.

On the other hand, a lower inventory turnover ratio may indicate potential issues such as overstocking, slow sales, or obsolete inventory. Caleres Inc experienced a low inventory turnover ratio of -0.64 on May 4, 2019, which is concerning as it suggests negative sales turnover or potentially inaccurate inventory counts.

Overall, analyzing the trend in Caleres Inc's inventory turnover ratio over time can provide insights into the company's inventory management efficiency and sales performance, helping stakeholders assess its operational effectiveness and financial health.


Peer comparison

Feb 3, 2024

Feb 3, 2024