Caleres Inc (CAL)

Working capital 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
Total current assets US$ in thousands 788,909 831,455 836,476 782,556 882,299
Total current liabilities US$ in thousands 742,956 911,196 1,025,610 905,509 850,950
Working capital turnover 61.27 93.14

February 3, 2024 calculation

Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $2,815,640K ÷ ($788,909K – $742,956K)
= 61.27

Based on the data provided, the working capital turnover for Caleres Inc was 61.27 for the fiscal year ending February 3, 2024. This ratio indicates how efficiently the company is utilizing its working capital to generate sales revenue. A higher working capital turnover ratio is generally favorable as it suggests that the company is effectively managing its working capital to support its sales activities.

Unfortunately, historical data for working capital turnover from previous years is not available for comparison. However, it is worth noting that the working capital turnover ratio of 61.27 for 2024 is lower than the ratio of 93.14 reported for the fiscal year ending February 1, 2020. This could imply a potential decrease in the efficiency of working capital utilization in generating sales revenue over the years.

In conclusion, while the working capital turnover of 61.27 indicates that Caleres Inc is still efficiently using its working capital, further analysis and comparison to past performance would be beneficial to assess any trends or changes in the company's working capital management.


Peer comparison

Feb 3, 2024

Company name
Symbol
Working capital turnover
Caleres Inc
CAL
61.27
Skechers USA Inc
SKX
3.49
Steven Madden Ltd
SHOO
4.15
Wolverine World Wide Inc
WWW
14.41