Shoe Carnival Inc (SCVL)

Days of inventory on hand (DOH)

Feb 3, 2024 Jan 28, 2023 Jan 29, 2022 Jan 30, 2021 Feb 1, 2020
Inventory turnover 2.18 2.03 2.82 2.99 2.79
DOH days 167.60 179.45 129.54 122.19 130.70

February 3, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 2.18
= 167.60

Shoe Carnival Inc's days of inventory on hand (DOH) have fluctuated over the past five years. The company's DOH was highest in the beginning of the reporting period on Jan 28, 2023, standing at 179.45 days, indicating that it took the company approximately 179 days to sell its inventory. Since then, there has been a downward trend in DOH, with a notable decrease to 129.54 days on Jan 29, 2022. This decrease suggests that the company improved its inventory management efficiency by selling products at a faster rate.

However, in the most recent reporting period on Feb 3, 2024, the DOH increased to 167.60 days, indicating that the company took longer to sell its inventory compared to the previous year. This could imply potential challenges in managing inventory levels or changes in consumer demand affecting the sales cycle.

Overall, Shoe Carnival Inc's DOH has seen fluctuations over the years, highlighting the importance of continuously monitoring inventory levels and sales performance to optimize operational efficiency and financial performance.


Peer comparison

Feb 3, 2024