Shoe Carnival Inc (SCVL)
Days of inventory on hand (DOH)
| Feb 3, 2024 | Oct 28, 2023 | Jul 29, 2023 | Apr 29, 2023 | Jan 28, 2023 | Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 29, 2022 | Oct 30, 2021 | Jul 31, 2021 | May 1, 2021 | Jan 30, 2021 | Oct 31, 2020 | Aug 1, 2020 | May 2, 2020 | Feb 1, 2020 | Nov 2, 2019 | Aug 3, 2019 | May 4, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 2.18 | 2.05 | 1.86 | 1.98 | 2.03 | 2.07 | 2.11 | 2.35 | 2.82 | 2.78 | 2.46 | 2.90 | 2.99 | 2.52 | 2.32 | 2.18 | 2.79 | 2.43 | 2.14 | 2.49 | |
| DOH | days | 167.60 | 178.43 | 196.05 | 184.14 | 179.45 | 176.52 | 173.15 | 155.48 | 129.54 | 131.50 | 148.51 | 125.86 | 122.19 | 144.87 | 157.16 | 167.60 | 130.70 | 150.51 | 170.62 | 146.85 |
February 3, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 2.18
= 167.60
The days of inventory on hand (DOH) for Shoe Carnival Inc have fluctuated over the past few years. The DOH reached its peak at 196.05 days on Jul 29, 2023, indicating that the company had a high level of inventory relative to its sales during that period. Since then, the DOH has generally decreased, with some fluctuations, suggesting that the company may have improved its inventory management practices.
On average, Shoe Carnival Inc held inventory for around 150 days over the analyzed period. A decreasing trend in DOH indicates that the company may be managing its inventory more efficiently, which could lead to cost savings and improved profitability. However, the DOH metric should be interpreted in conjunction with other financial ratios and industry benchmarks to get a comprehensive view of the company's overall operational efficiency.
Further analysis and comparison with industry peers would provide a more in-depth understanding of Shoe Carnival Inc's inventory management performance and competitiveness in the market.
Peer comparison
Feb 3, 2024