Shoe Carnival Inc (SCVL)
Inventory turnover
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 754,492 | 794,071 | 803,607 | 696,783 | 724,682 |
| Inventory | US$ in thousands | 346,442 | 390,390 | 285,205 | 233,266 | 259,495 |
| Inventory turnover | 2.18 | 2.03 | 2.82 | 2.99 | 2.79 |
February 3, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $754,492K ÷ $346,442K
= 2.18
The inventory turnover ratio for Shoe Carnival Inc has exhibited fluctuations over the past five years. In the most recent fiscal year ending on February 3, 2024, the company's inventory turnover stood at 2.18, indicating that inventory was sold and replaced approximately 2.18 times during the year. This represents a slight increase compared to the previous year's ratio of 2.03.
Looking back further, in the fiscal year ending on January 29, 2022, the company achieved a relatively higher inventory turnover ratio of 2.82, suggesting that inventory was turning over at a quicker pace compared to the subsequent years. The trend continued in the following fiscal year, ending on January 30, 2021, with an even higher inventory turnover ratio of 2.99.
However, in the fiscal year ending on February 1, 2020, the inventory turnover ratio slightly declined to 2.79, although it remained relatively stable compared to the most recent year.
Overall, fluctuations in the inventory turnover ratio for Shoe Carnival Inc indicate varying efficiency in managing inventory levels and sales over the past five years. A higher inventory turnover ratio generally indicates that the company is effectively managing its inventory by swiftly selling and replenishing stock. Conversely, a lower ratio may suggest inefficiencies in inventory management or potential overstocking.
Peer comparison
Feb 3, 2024