Shoe Carnival Inc (SCVL)
Days of sales outstanding (DSO)
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | 453.48 | 413.58 | 93.96 | 137.65 | 380.52 | |
| DSO | days | 0.80 | 0.88 | 3.88 | 2.65 | 0.96 |
February 3, 2024 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 453.48
= 0.80
The Days Sales Outstanding (DSO) ratio for Shoe Carnival Inc has fluctuated over the past five years. In the most recent period, as of February 3, 2024, the company was able to collect its accounts receivable in approximately 0.80 days, indicating a highly efficient collection process. This represents an improvement from the previous two years, suggesting enhanced effectiveness in managing credit and collections.
Comparing to earlier years, the DSO was higher in January 29, 2022, and January 30, 2021, at 3.88 days and 2.65 days, respectively. This indicates that it took Shoe Carnival Inc longer to collect its accounts receivable during those periods, possibly signaling issues with credit policies or customer payment behaviors.
On the other hand, in February 1, 2020, the company's DSO stood at 0.96 days, closer to the current ratio. This suggests consistency or improvement in their accounts receivable management practices over the past five years.
In summary, the trend in Shoe Carnival Inc's DSO ratio reflects varying degrees of efficiency in collecting accounts receivable over the years, with the company demonstrating improvement in the most recent period. It is essential for the company to continue monitoring and optimizing its credit policies and collection processes to maintain healthy cash flow and working capital management.
Peer comparison
Feb 3, 2024