Shoe Carnival Inc (SCVL)
Payables turnover
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 754,492 | 794,071 | 803,607 | 696,783 | 724,682 |
| Payables | US$ in thousands | 58,274 | 78,850 | 69,092 | 57,717 | 60,665 |
| Payables turnover | 12.95 | 10.07 | 11.63 | 12.07 | 11.95 |
February 3, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $754,492K ÷ $58,274K
= 12.95
The payables turnover ratio for Shoe Carnival Inc has shown a fluctuating trend over the past five years. The ratio indicates the number of times a company pays off its accounts payable during a specific period.
In the fiscal year ending Feb 3, 2024, the payables turnover ratio stood at 12.95, reflecting an improvement from the previous year. This suggests that Shoe Carnival Inc was able to pay off its accounts payable almost 13 times during the year, indicating efficient management of its payables.
Comparing this to the ratios from the previous years:
- In Jan 28, 2023, the ratio was 10.07, indicating a relatively lower turnover compared to the latest fiscal year.
- In Jan 29, 2022, the ratio improved to 11.63, showing better payment management than the preceding year.
- In Jan 30, 2021, the ratio was 12.07, indicating a slight drop from the previous year.
- In Feb 1, 2020, the ratio stood at 11.95, showing consistency in payables turnover over the years.
Overall, Shoe Carnival Inc's payables turnover has shown some variability over the years, with the latest fiscal year demonstrating a stronger ability to pay off its accounts payable promptly. This trend indicates the company's effectiveness in managing its supplier debts and liquidity.
Peer comparison
Feb 3, 2024