Caleres Inc (CAL)
Receivables 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 2,816,517 | 2,816,158 | 2,852,512 | 2,895,309 | 2,967,062 | 2,950,092 | 2,935,760 | 2,872,990 | 2,776,602 | 2,666,277 | 2,529,860 | 2,355,776 | 2,115,012 | 2,243,877 | 2,388,743 | 2,639,752 | 2,920,416 | 2,249,503 | 1,473,096 | 748,492 |
| Receivables | US$ in thousands | 154,615 | 166,609 | 143,010 | 159,950 | 150,329 | 173,413 | 139,709 | 193,366 | 155,309 | 196,918 | 145,548 | 168,548 | 160,919 | 194,947 | 162,907 | 145,333 | 162,181 | 156,253 | 167,727 | 148,487 |
| Receivables turnover | 18.22 | 16.90 | 19.95 | 18.10 | 19.74 | 17.01 | 21.01 | 14.86 | 17.88 | 13.54 | 17.38 | 13.98 | 13.14 | 11.51 | 14.66 | 18.16 | 18.01 | 14.40 | 8.78 | 5.04 |
February 3, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $2,816,517K ÷ $154,615K
= 18.22
Receivables turnover is a key financial ratio that measures how efficiently a company is able to collect outstanding payments from its customers. Caleres Inc's receivables turnover ratio has fluctuated over the past several periods, ranging from a low of 5.04 to a high of 21.01.
A higher receivables turnover ratio indicates that the company is collecting its accounts receivable more quickly, which is generally a positive sign as it implies efficient management of credit sales and a healthy cash flow cycle. On the other hand, a lower ratio may suggest that the company is struggling to collect payments in a timely manner.
Caleres Inc's receivables turnover ratio has shown some variability, with some periods exhibiting stronger collection efficiency than others. It's important for the company to analyze the underlying reasons for these fluctuations and address any potential issues that may be affecting its ability to collect receivables in a timely manner.
Overall, while Caleres Inc has experienced fluctuations in its receivables turnover ratio, it is essential for the company to maintain a close eye on this ratio and strive for consistent and efficient management of its accounts receivable to ensure healthy cash flow and financial stability.
Peer comparison
Feb 3, 2024