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