Shoe Carnival Inc (SCVL)
Payables 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 |
| Payables | US$ in thousands | 58,274 | 42,944 | 77,429 | 55,853 | 78,850 | 88,329 | 113,826 | 116,837 | 69,092 | 65,589 | 96,494 | 102,405 | 57,717 | 50,897 | 129,641 | 90,040 | 60,665 | 66,089 | 108,410 | 56,488 |
| 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 |
February 3, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $754,492K ÷ $58,274K
= 12.95
The payables turnover ratio for Shoe Carnival Inc has fluctuated over the past few years, indicating variability in the company's ability to manage its accounts payable efficiently. The payables turnover ratio measures how many times a company pays off its accounts payable balance in a given period.
Looking at the data provided, Shoe Carnival's payables turnover ratio ranged from a low of 5.35 to a high of 17.55. A higher payables turnover ratio typically indicates that a company is paying off its suppliers more frequently, which can be a positive sign of strong cash flow management.
The highest payables turnover ratio recorded was 17.55 on Oct 28, 2023, suggesting that Shoe Carnival was able to efficiently manage its payables during that period. On the other hand, the lowest ratio of 5.35 on Aug 1, 2020, indicates a longer duration to pay off suppliers, which may raise concerns about liquidity or potential difficulties in working capital management.
Overall, analyzing the trend in payables turnover ratios can help assess how effectively Shoe Carnival is managing its trade credit obligations and its relationships with suppliers. It is essential for investors and stakeholders to monitor these ratios over time to understand changes in the company's payment practices and financial health.
Peer comparison
Feb 3, 2024