Shoe Carnival Inc (SCVL)
Days of inventory on hand (DOH)
| Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Feb 3, 2024 | Jan 31, 2024 | Oct 31, 2023 | Oct 28, 2023 | Jul 31, 2023 | Jul 29, 2023 | Apr 30, 2023 | Apr 29, 2023 | Jan 31, 2023 | Jan 28, 2023 | Oct 31, 2022 | Oct 29, 2022 | Jul 31, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 31, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 2.01 | 1.93 | 1.80 | 1.84 | 2.21 | 2.23 | 2.12 | 2.07 | 1.82 | 1.79 | 1.86 | 1.93 | 2.00 | 2.05 | 2.09 | 2.07 | 2.07 | 2.07 | 2.35 | 2.87 | |
| DOH | days | 181.82 | 189.47 | 202.41 | 198.55 | 165.22 | 163.37 | 171.77 | 176.16 | 200.92 | 203.57 | 196.30 | 188.96 | 182.56 | 178.07 | 174.64 | 175.96 | 176.00 | 176.57 | 155.46 | 127.31 |
January 31, 2025 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 2.01
= 181.82
The days of inventory on hand (DOH) is a crucial metric that provides insight into the efficiency of inventory management at Shoe Carnival Inc. Looking at the historical trend of DOH from January 31, 2022, to January 31, 2025, we observe fluctuations in the number of days it takes to clear the inventory.
The DOH for Shoe Carnival Inc has varied over this period, starting at 127.31 days in January 2022 and reaching a peak of 203.57 days in July 2023. This increase indicates that it took the company longer to sell its inventory, potentially tying up capital and leading to higher carrying costs. Subsequently, there was a decline in DOH to 171.77 days by October 2023, suggesting improvements in inventory management efficiency.
The downward trend continued, with the DOH dropping to 163.37 days in January 2024 and then rising slightly to 202.41 days in July 2024. This fluctuation may indicate challenges in optimizing inventory levels to meet consumer demand accurately.
Overall, monitoring the days of inventory on hand helps Shoe Carnival Inc assess its inventory control strategies, identify potential inefficiencies, and make informed decisions to enhance operational effectiveness and financial performance.Continued focus on optimizing inventory turnover will be beneficial for maintaining healthy liquidity and profitability levels.
Peer comparison
Jan 31, 2025