Shoe Carnival Inc (SCVL)
Inventory turnover
| Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Feb 3, 2024 | Jan 31, 2024 | Oct 31, 2023 | Oct 28, 2023 | Jul 31, 2023 | Jul 29, 2023 | Apr 30, 2023 | Apr 29, 2023 | Jan 31, 2023 | Jan 28, 2023 | Oct 31, 2022 | Oct 29, 2022 | Jul 31, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 31, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 774,091 | 783,283 | 767,242 | 756,702 | 765,350 | 774,038 | 782,726 | 763,180 | 743,634 | 733,941 | 724,248 | 752,393 | 780,538 | 800,219 | 819,900 | 813,752 | 799,490 | 796,902 | 810,044 | 817,660 |
| Inventory | US$ in thousands | 385,605 | 406,599 | 425,462 | 411,619 | 346,442 | 346,442 | 368,344 | 368,344 | 409,342 | 409,342 | 389,508 | 389,508 | 390,390 | 390,390 | 392,286 | 392,286 | 385,510 | 385,510 | 345,021 | 285,205 |
| Inventory turnover | 2.01 | 1.93 | 1.80 | 1.84 | 2.21 | 2.23 | 2.12 | 2.07 | 1.82 | 1.79 | 1.86 | 1.93 | 2.00 | 2.05 | 2.09 | 2.07 | 2.07 | 2.07 | 2.35 | 2.87 |
January 31, 2025 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $774,091K ÷ $385,605K
= 2.01
Inventory turnover is an essential financial ratio that measures how efficiently a company manages its inventory by evaluating how many times its inventory is sold and replaced over a specific period. For Shoe Carnival Inc, the analysis of its inventory turnover reveals certain trends and insights.
From January 31, 2022, to January 31, 2025, Shoe Carnival Inc's inventory turnover has shown some fluctuations. The company started with an inventory turnover of 2.87, indicating that the inventory was turned over approximately 2.87 times during the year. Subsequently, the turnover decreased to 1.86 by April 30, 2023, signaling a decline in the efficiency of moving inventory.
Throughout the period, there have been fluctuations in inventory turnover, with some quarters showing slight increases and decreases. The ratio ranged from a low of 1.79 on July 29, 2023, to a high of 2.23 on January 31, 2024. These variations suggest that Shoe Carnival Inc may have experienced changes in demand, inventory management practices, or sales strategies.
Overall, the downward trend observed in the later quarters, with inventory turnover decreasing to 1.80 on July 31, 2024, and then recovering slightly to 2.01 on January 31, 2025, may indicate potential challenges in efficiently managing and selling inventory. It is essential for the company to closely monitor and address factors impacting inventory turnover to optimize operational efficiency and profitability.
Peer comparison
Jan 31, 2025
Jan 31, 2025