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