Caleres Inc (CAL)
Cash conversion cycle
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | ||
|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | 74.87 | 76.52 | 84.15 | 66.65 | 79.57 |
| Days of sales outstanding (DSO) | days | 20.04 | 18.49 | 20.42 | 27.78 | 20.27 |
| Number of days of payables | days | 34.89 | 30.32 | 46.74 | 38.32 | 34.36 |
| Cash conversion cycle | days | 60.03 | 64.69 | 57.83 | 56.12 | 65.49 |
February 3, 2024 calculation
Cash conversion cycle = DOH + DSO – Number of days of payables
= 74.87 + 20.04 – 34.89
= 60.03
The cash conversion cycle of Caleres Inc has shown fluctuations over the past five years. In the most recent fiscal year, ending on Feb 3, 2024, the company's cash conversion cycle was 60.03 days, indicating an improvement compared to the previous year's cycle of 64.69 days.
Although the cycle improved in the latest year, it was higher than the cycle reported two years ago on Jan 29, 2022, which stood at 57.83 days. The company's cash conversion cycle was also slightly higher in the fiscal year ending on Jan 30, 2021, at 56.12 days.
Furthermore, looking back to Feb 1, 2020, Caleres Inc had the highest cash conversion cycle in the past five years, at 65.49 days. This indicates that the company's ability to convert its investments in inventory and receivables back into cash within a certain period has varied over time.
Overall, the trend in Caleres Inc's cash conversion cycle has shown some variability in recent years, with fluctuations in the efficiency of the company's working capital management. It is important for the company to closely monitor and manage its cash conversion cycle to optimize its liquidity and operational efficiency.
Peer comparison
Feb 3, 2024