Shoe Carnival Inc (SCVL)
Number of days of payables
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 12.95 | 17.55 | 9.84 | 13.82 | 10.07 | 9.18 | 7.14 | 6.93 | 11.63 | 11.93 | 7.85 | 7.61 | 12.07 | 13.58 | 5.35 | 7.35 | 11.95 | 10.94 | 6.65 | 12.73 | |
| Number of days of payables | days | 28.19 | 20.80 | 37.08 | 26.40 | 36.24 | 39.75 | 51.13 | 52.65 | 31.38 | 30.58 | 46.51 | 47.98 | 30.23 | 26.88 | 68.17 | 49.64 | 30.56 | 33.38 | 54.90 | 28.67 |
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 shown fluctuation over the past few quarters. The company's days of payables have ranged from a low of 20.80 days to a high of 68.17 days during the period under consideration. The trend indicates that the company takes, on average, around one to two months to pay its suppliers for goods and services received.
The average number of days of payables over the period appears to be approximately 38.02 days. Comparing this metric to the industry average can provide insights into Shoe Carnival Inc's payment practices and liquidity position. A lower number of days of payables may suggest more efficient cash management, while a higher number may indicate potential liquidity challenges or stretched payables.
Overall, monitoring changes in the number of days of payables over time can help stakeholders assess how effectively Shoe Carnival Inc is managing its working capital and its relationships with suppliers.
Peer comparison
Feb 3, 2024