Caleres Inc (CAL)

Number of days of payables

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
Payables turnover 10.46 10.26 7.67 10.35 12.04 9.77 6.75 6.82 7.81 7.48 7.34 8.43 7.52 7.44 8.01 8.18 9.63 5.87 1.27 -1.43
Number of days of payables days 34.89 35.57 47.56 35.25 30.32 37.35 54.11 53.55 46.74 48.77 49.76 43.32 48.57 49.06 45.55 44.60 37.92 62.23 287.09

February 3, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 10.46
= 34.89

The number of days of payables for Caleres Inc has fluctuated over the past few years, ranging from a low of 30.32 days to a high of 287.09 days. Generally, a lower number of days of payables indicates that the company takes less time to pay its suppliers, which may suggest efficient management of working capital. On the other hand, a higher number of days of payables may indicate that the company is taking longer to settle its payables, potentially signaling liquidity challenges or strained supplier relationships.

It is important to note that the significant spike in the number of days of payables to 287.09 days in August 2019 could be an outlier or a result of a specific event during that period. It would be essential to investigate the reasons behind such an anomaly to understand its impact on the company's overall financial health and operational efficiency.

Overall, monitoring the trend in the number of days of payables can provide valuable insights into Caleres Inc's payment practices, liquidity position, and relationships with suppliers, all of which are key factors in assessing the company's financial performance and stability.


Peer comparison

Feb 3, 2024

Company name
Symbol
Number of days of payables
Caleres Inc
CAL
34.89
Skechers USA Inc
SKX
50.35
Steven Madden Ltd
SHOO
51.18
Wolverine World Wide Inc
WWW
31.08