Shoe Carnival Inc (SCVL)
Inventory turnover
| Jan 31, 2025 | Feb 3, 2024 | Jan 31, 2024 | Jan 31, 2023 | Jan 28, 2023 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 774,091 | 754,492 | 754,492 | 794,071 | 794,071 |
| Inventory | US$ in thousands | 385,605 | 346,442 | 346,442 | 390,390 | 390,390 |
| Inventory turnover | 2.01 | 2.18 | 2.18 | 2.03 | 2.03 |
January 31, 2025 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $774,091K ÷ $385,605K
= 2.01
The inventory turnover ratio for Shoe Carnival Inc has shown consistency over the past few years, averaging around 2.05. This indicates that the company is able to effectively manage its inventory levels and convert its inventory into sales approximately 2 times a year. In the most recent period, the inventory turnover improved slightly to 2.18, suggesting that the company was able to sell its inventory at a slightly faster pace. Overall, the stability and gradual improvement of the inventory turnover ratio indicate efficient inventory management practices within Shoe Carnival Inc.
Peer comparison
Jan 31, 2025