Caleres Inc (CAL)

Payables 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
Payables US$ in thousands 251,912 229,908 331,470 280,501 267,018
Payables turnover 10.46 12.04 7.81 9.53 10.62

February 3, 2024 calculation

Payables turnover = Cost of revenue ÷ Payables
= $2,635,690K ÷ $251,912K
= 10.46

The payables turnover ratio for Caleres Inc has fluctuated over the past five years, with values of 10.46, 12.04, 7.81, 9.53, and 10.62 for the years ending Feb 3, 2024, Jan 28, 2023, Jan 29, 2022, Jan 30, 2021, and Feb 1, 2020, respectively. This ratio indicates how many times the company pays off its accounts payable during a specific period. A higher payables turnover ratio generally suggests that the company is managing its payments efficiently or negotiating favorable credit terms with suppliers. In the case of Caleres Inc, the decreasing trend from 12.04 in 2023 to 7.81 in 2022 may signify a longer payment cycle or potential issues with managing accounts payable effectively. It would be important for stakeholders to closely monitor this trend to ensure the company's financial health and relationships with suppliers are not compromised.


Peer comparison

Feb 3, 2024