Caleres Inc (CAL)
Receivables turnover
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,815,640 | 2,966,830 | 2,776,770 | 2,114,280 | 2,919,760 |
| Receivables | US$ in thousands | 154,615 | 150,329 | 155,309 | 160,919 | 162,181 |
| Receivables turnover | 18.21 | 19.74 | 17.88 | 13.14 | 18.00 |
February 3, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $2,815,640K ÷ $154,615K
= 18.21
The receivables turnover of Caleres Inc has fluctuated over the past five fiscal years, with values of 18.21, 19.74, 17.88, 13.14, and 18.00 for the years ending February 3, 2024, January 28, 2023, January 29, 2022, January 30, 2021, and February 1, 2020, respectively.
The receivables turnover ratio indicates how effectively the company is able to collect outstanding receivables from its customers during a specific period. A higher turnover ratio is generally preferred as it suggests that the company is efficient in collecting payments from its customers.
From the data provided, we can see that Caleres Inc had its highest receivables turnover ratio in the fiscal year ending January 28, 2023, at 19.74, indicating a strong ability to collect receivables during that year. The lowest turnover ratio of 13.14 was observed in the fiscal year ending January 30, 2021, which may suggest a relatively slower collection of receivables during that period.
Overall, the trend in Caleres Inc's receivables turnover ratio shows some variability, but there does not appear to be a consistent upward or downward trend over the five-year period analyzed. It is important for the company to monitor and potentially improve its receivables turnover ratio to ensure efficient management of accounts receivable and cash flow.
Peer comparison
Feb 3, 2024