Shoe Carnival Inc (SCVL)

Short-term

Turnover ratios

Inventory Turnover:

Shoe Carnival Inc's inventory turnover ratio has been fairly consistent over the years, averaging around 2.10. This ratio indicates that the company is able to sell and replace its inventory approximately 2 times within a given period. The slight increase in inventory turnover from 2023 to 2024 could suggest improved inventory management efficiency.

Receivables Turnover:

The company's receivables turnover ratio has been high, reaching a peak of 453.48 in February 2024. This indicates that Shoe Carnival Inc is efficient in collecting outstanding receivables from customers. However, the absence of data for some years indicates that there may be factors affecting the calculation of this ratio.

Payables Turnover:

Shoe Carnival Inc's payables turnover has shown an increasing trend from 2023 to 2024, with a notable jump from 10.07 to 12.95. This suggests that the company is taking longer to pay its suppliers, which can have implications on cash flow management and supplier relationships.

Working Capital Turnover:

The working capital turnover ratio has been gradually declining over the years, indicating that the company is generating less revenue relative to its working capital. This could be a sign of inefficiency in utilizing its working capital resources to generate sales.

Overall, while Shoe Carnival Inc demonstrates strong inventory and receivables turnover ratios, the increasing payables turnover and decreasing working capital turnover ratios may warrant further investigation into the company's operational efficiency and financial management strategies.

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Average number of days

Shoe Carnival Inc's activity ratios provide insights into how efficiently the company manages its inventory, collects receivables, and pays its suppliers.

1. Days of Inventory on Hand (DOH): The trend in Shoe Carnival's DOH indicates that the company has been able to maintain a consistent level of approximately 180 days of inventory on hand from January 2023 to February 2024. However, there was a slight improvement in DOH to 167.60 days by January 31, 2024, suggesting more efficient inventory management. The increase to 181.82 days by January 31, 2025, may indicate a build-up in inventory levels.

2. Days of Sales Outstanding (DSO): The DSO ratio for Shoe Carnival shows variation over the years. On January 28, 2023, the company had a very low DSO of 0.88 days, indicating efficient collection of receivables. However, the DSO was unavailable for January 31, 2023, and January 31, 2024. By February 3, 2024, the DSO improved further to 0.80 days, suggesting speedy collection of payments. The DSO was unavailable for January 31, 2025, making it difficult to assess the company's recent receivables management performance.

3. Number of Days of Payables: Shoe Carnival's number of days of payables decreased from 36.24 days on January 28, 2023, to 28.19 days by February 3, 2024. This decline suggests that the company took fewer days to make payments to suppliers. However, the data was not available for January 31, 2023, January 31, 2024, and January 31, 2025, hampering a complete analysis of the payables management trend.

In conclusion, Shoe Carnival Inc's activity ratios reflect efficient inventory management and collection processes, but there is a lack of data for certain periods that limits a comprehensive assessment of the company's payables management. Further analysis incorporating additional financial metrics would provide a more robust evaluation of Shoe Carnival's overall operational efficiency.

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Long-term

The fixed asset turnover ratio measures how efficiently a company is generating sales revenue from its investment in fixed assets. Looking at Shoe Carnival Inc's fixed asset turnover over the past few years, we can see that there has been some variability. In January 28, 2023, the company achieved a high fixed asset turnover of 8.92, indicating that they generated $8.92 in sales for each $1 invested in fixed assets. This ratio decreased significantly to 2.74 by January 31, 2023. The data for January 31, 2024, is not available, but by February 3, 2024, the fixed asset turnover improved to 6.97. However, there is no data available for January 31, 2025, making it difficult to assess the trend in recent years.

On the other hand, the total asset turnover ratio measures how efficiently a company is generating sales revenue from its total assets. Shoe Carnival Inc's total asset turnover has been relatively consistent over the years. In both January 28, 2023, and January 31, 2023, the company achieved a total asset turnover of 1.28, indicating that they generated $1.28 in sales for each $1 of total assets. This ratio decreased slightly to 1.13 by January 31, 2024, and has stayed at 1.13 as of February 3, 2024. Unfortunately, there is no available data for January 31, 2025, to provide further insights into the company's recent performance.

Overall, it appears that Shoe Carnival Inc has experienced fluctuations in its fixed asset turnover, while its total asset turnover has shown more stability over the years. Further analysis would be necessary to understand the reasons behind these changes and their implications for the company's operational efficiency and asset utilization.