Shoe Carnival Inc (SCVL)
Days of sales outstanding (DSO)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Receivables turnover | 453.48 | 382.12 | 305.03 | 397.50 | 413.58 | 165.53 | 121.71 | 91.36 | 93.96 | 126.86 | 151.08 | 154.84 | 137.65 | 114.14 | 140.68 | 147.28 | 380.53 | 417.54 | 424.97 | 512.24 | |
| DSO | days | 0.80 | 0.96 | 1.20 | 0.92 | 0.88 | 2.21 | 3.00 | 4.00 | 3.88 | 2.88 | 2.42 | 2.36 | 2.65 | 3.20 | 2.59 | 2.48 | 0.96 | 0.87 | 0.86 | 0.71 |
February 3, 2024 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 453.48
= 0.80
The Days Sales Outstanding (DSO) for Shoe Carnival Inc has shown some fluctuations over the past several reporting periods. Generally, a lower DSO indicates that the company is collecting its accounts receivable more quickly, which could be a sign of efficient operations or effective credit management.
Looking at the trend, we observe that the DSO has been relatively stable between 0.80 days and 1.20 days for the most recent quarters, indicating that Shoe Carnival Inc has been efficiently collecting its sales revenue from customers. However, there were some spikes in DSO seen in the reports from April 30, 2022, to January 30, 2021, where the DSO climbed to 3.00 days and 3.20 days respectively. This might indicate potential challenges in accounts receivable management during those periods.
Moreover, when compared to earlier periods such as August 1, 2020, and May 4, 2019, when the DSO was higher at 2.59 days and 3.20 days, respectively, the company has shown improvement in its collection efficiency.
Overall, the trend in Shoe Carnival Inc's DSO suggests that the company has been effective in managing its accounts receivable, with recent quarters showing a more consistent and efficient collection process. While there were some fluctuations in the past, the company seems to have improved its credit and collection policies to maintain a lower DSO in the more recent reporting periods.
Peer comparison
Feb 3, 2024