Caleres Inc (CAL)

Payables 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
Payables US$ in thousands 251,912 257,224 350,020 261,753 229,908 279,704 399,265 386,821 331,470 352,084 348,795 293,309 280,501 285,582 280,319 297,557 267,018 275,699 448,596 289,071
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

February 3, 2024 calculation

Payables turnover = Cost of revenue (ttm) ÷ Payables
= $2,635,610K ÷ $251,912K
= 10.46

The payables turnover ratio for Caleres Inc has fluctuated over the past 20 reporting periods. The ratio indicates how efficiently the company is managing its accounts payable by measuring how quickly it pays off its suppliers.

The average payables turnover for Caleres Inc over this time frame is approximately 7.58. The ratio has ranged from a low of -1.43 to a high of 12.04, indicating some variability in the company's payment practices. A higher payables turnover ratio generally suggests that the company is paying its suppliers more quickly, which could be beneficial in terms of maintaining good relationships with suppliers and potentially taking advantage of early payment discounts.

It is important for investors and stakeholders to monitor the payables turnover ratio over time to assess the company's liquidity and efficiency in managing its working capital. Further analysis and comparison with industry peers may provide additional insights into Caleres Inc's financial performance and operational efficiency.


Peer comparison

Feb 3, 2024