Shoe Carnival Inc (SCVL)
Number of days of payables
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 12.95 | 10.07 | 11.63 | 12.07 | 11.95 | |
| Number of days of payables | days | 28.19 | 36.24 | 31.38 | 30.23 | 30.56 |
February 3, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 12.95
= 28.19
Shoe Carnival Inc's number of days of payables has fluctuated over the past five years, with a decreasing trend from 2023 to 2022 and a subsequent increase in 2024. The company took an average of 28.19 days to pay its payables in 2024, compared to 36.24 days in 2023, indicating a more efficient payment process. However, the payables turnover period increased slightly in 2024 compared to the previous two years, suggesting a trend towards extending payment terms. It is essential for the company to maintain a balance in managing its payables to ensure good relationships with suppliers while optimizing cash flow management.
Peer comparison
Feb 3, 2024