Shoe Carnival Inc (SCVL)
Inventory turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 754,492 | 753,487 | 762,086 | 772,074 | 794,071 | 811,164 | 812,632 | 809,972 | 803,607 | 782,802 | 757,340 | 779,051 | 696,783 | 691,013 | 694,106 | 662,043 | 724,682 | 722,699 | 720,751 | 719,210 |
| Inventory | US$ in thousands | 346,442 | 368,344 | 409,342 | 389,508 | 390,390 | 392,286 | 385,510 | 345,021 | 285,205 | 282,014 | 308,141 | 268,629 | 233,266 | 274,264 | 298,856 | 303,988 | 259,495 | 298,002 | 336,919 | 289,356 |
| Inventory turnover | 2.18 | 2.05 | 1.86 | 1.98 | 2.03 | 2.07 | 2.11 | 2.35 | 2.82 | 2.78 | 2.46 | 2.90 | 2.99 | 2.52 | 2.32 | 2.18 | 2.79 | 2.43 | 2.14 | 2.49 |
February 3, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $754,492K ÷ $346,442K
= 2.18
The inventory turnover ratio of Shoe Carnival Inc has exhibited fluctuations over the past several quarters. As of February 3, 2024, the inventory turnover stood at 2.18 times, indicating that the company's inventory was turned over approximately 2.18 times during the fiscal year. This represents a slight improvement compared to the previous quarter's turnover of 2.05 times.
Looking back over the past few quarters, the inventory turnover ratio has shown a general trend of variability but has generally remained within a range of 1.86 to 2.99 times. The highest turnover ratio was noted on January 30, 2021, at 2.99 times, while the lowest was on July 29, 2023, at 1.86 times.
A higher inventory turnover ratio suggests that Shoe Carnival Inc is efficiently managing its inventory by selling products quickly and replenishing its stock in a timely manner. Conversely, a lower ratio could indicate issues with overstocking or slow sales.
Overall, while the company's inventory turnover ratio has fluctuated, it is essential for stakeholders to monitor future trends to ensure efficient inventory management and operational performance.
Peer comparison
Feb 3, 2024
Feb 3, 2024