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