Shoe Carnival Inc (SCVL)
Activity ratios
Short-term
Turnover ratios
| Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Feb 3, 2024 | Jan 31, 2024 | Oct 31, 2023 | Oct 28, 2023 | Jul 31, 2023 | Jul 29, 2023 | Apr 30, 2023 | Apr 29, 2023 | Jan 31, 2023 | Jan 28, 2023 | Oct 31, 2022 | Oct 29, 2022 | Jul 31, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 31, 2022 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 2.01 | 1.93 | 1.80 | 1.84 | 2.21 | 2.23 | 2.12 | 2.07 | 1.82 | 1.79 | 1.86 | 1.93 | 2.00 | 2.05 | 2.09 | 2.07 | 2.07 | 2.07 | 2.35 | 2.87 |
| Receivables turnover | — | — | — | — | 462.85 | — | — | 383.36 | — | 289.77 | — | 390.53 | — | 421.48 | — | 165.39 | — | 117.69 | — | — |
| Payables turnover | — | — | — | — | 13.13 | — | — | 17.77 | — | 9.48 | — | 13.47 | — | 10.15 | — | 9.21 | — | 7.00 | — | — |
| Working capital turnover | 2.96 | 3.12 | 3.16 | 3.32 | 3.40 | 3.44 | 3.61 | 3.49 | 3.48 | 3.47 | 3.59 | 3.78 | 4.05 | 4.12 | 4.35 | 4.27 | 4.36 | 4.37 | 4.78 | 4.65 |
Shoe Carnival Inc's Inventory Turnover ratio has been gradually decreasing from 2.87 in January 2022 to 2.01 in January 2025. This indicates that the company is selling its inventory less efficiently over time.
The Receivables Turnover ratio shows significant fluctuations, with a peak of 462.85 in February 2024, suggesting that the company collects its receivables very quickly during that period. However, data is missing for several periods, making it difficult to draw consistent conclusions.
The Payables Turnover ratio has also varied, with the highest being 17.77 in October 28, 2023. This implies that the company is taking longer to pay its suppliers during that particular period.
In terms of the Working Capital Turnover ratio, there is a declining trend from 4.65 in January 2022 to 2.96 in January 2025. This indicates that the company's revenue generated per dollar of working capital has decreased over the years, suggesting inefficiencies in capital utilization.
Overall, Shoe Carnival Inc's activity ratios demonstrate fluctuations and trends that may indicate changes in inventory management, receivables collection, payables management, and utilization of working capital over the analyzed period.
Average number of days
| Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Feb 3, 2024 | Jan 31, 2024 | Oct 31, 2023 | Oct 28, 2023 | Jul 31, 2023 | Jul 29, 2023 | Apr 30, 2023 | Apr 29, 2023 | Jan 31, 2023 | Jan 28, 2023 | Oct 31, 2022 | Oct 29, 2022 | Jul 31, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 31, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | 181.82 | 189.47 | 202.41 | 198.55 | 165.22 | 163.37 | 171.77 | 176.16 | 200.92 | 203.57 | 196.30 | 188.96 | 182.56 | 178.07 | 174.64 | 175.96 | 176.00 | 176.57 | 155.46 | 127.31 |
| Days of sales outstanding (DSO) | days | — | — | — | — | 0.79 | — | — | 0.95 | — | 1.26 | — | 0.93 | — | 0.87 | — | 2.21 | — | 3.10 | — | — |
| Number of days of payables | days | — | — | — | — | 27.79 | — | — | 20.54 | — | 38.51 | — | 27.10 | — | 35.97 | — | 39.62 | — | 52.14 | — | — |
Based on the provided data for Shoe Carnival Inc, let's analyze the activity ratios:
1. Days of Inventory on Hand (DOH):
- The days of inventory on hand measure how many days, on average, the inventory is held before being sold.
- The figures show a fluctuating trend from January 2022 to January 2025, ranging from a low of 127.31 days to a high of 203.57 days.
- The company's inventory holding period seems to have increased over the years, indicating a potential buildup in excess inventory levels or slower inventory turnover.
2. Days of Sales Outstanding (DSO):
- The days of sales outstanding represent the average number of days it takes for the company to collect payments from its customers.
- The data shows that the DSO has decreased consistently over the years, with the company taking fewer days to collect payments.
- A declining DSO is generally a positive sign, suggesting efficient accounts receivable management and timely collection of sales proceeds.
3. Number of Days of Payables:
- The number of days of payables measures how long, on average, it takes for the company to pay its suppliers.
- The data indicates that the company's payables period has varied significantly, with some periods showing no data.
- There seems to be a trend of reducing the number of days of payables, which can indicate a more aggressive approach to managing payables or negotiating more favorable payment terms with suppliers.
Overall, while the company has managed to reduce the days of sales outstanding (DSO) over the years, it may need to focus on optimizing its inventory management and payables strategy to maintain a healthy cash conversion cycle and improve overall operational efficiency.
Long-term
| Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Feb 3, 2024 | Jan 31, 2024 | Oct 31, 2023 | Oct 28, 2023 | Jul 31, 2023 | Jul 29, 2023 | Apr 30, 2023 | Apr 29, 2023 | Jan 31, 2023 | Jan 28, 2023 | Oct 31, 2022 | Oct 29, 2022 | Jul 31, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 31, 2022 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fixed asset turnover | — | — | — | — | 7.12 | — | — | 7.21 | 2.31 | 7.21 | 7.60 | 8.00 | 2.75 | 9.10 | 2.96 | 9.40 | 2.84 | 10.07 | 3.43 | — |
| Total asset turnover | 1.07 | 1.09 | 1.07 | 1.08 | 1.15 | 1.07 | 1.20 | 1.16 | 1.10 | 1.10 | 1.17 | 1.23 | 1.28 | 1.30 | 1.35 | 1.33 | 1.37 | 1.37 | 1.51 | 1.65 |
Long-term activity ratios provide insights into how efficiently a company is utilizing its assets to generate sales over an extended period.
1. Fixed Asset Turnover:
- The Fixed Asset Turnover ratio measures the efficiency of a company in generating sales from its investments in fixed assets.
- Shoe Carnival Inc's Fixed Asset Turnover ratio fluctuated significantly over the years, ranging from 2.31 to 10.07.
- A higher Fixed Asset Turnover ratio indicates that the company is effectively using its fixed assets to generate sales.
2. Total Asset Turnover:
- The Total Asset Turnover ratio shows how effectively a company generates sales from its total assets.
- Shoe Carnival Inc's Total Asset Turnover ratio ranged from 1.07 to 1.65, indicating some fluctuations in efficiency in utilizing total assets to generate sales.
- A higher Total Asset Turnover ratio signifies that the company efficiently utilizes its total assets to generate sales revenue.
In conclusion, analyzing these long-term activity ratios provides valuable insights into Shoe Carnival Inc's operational efficiency in leveraging its fixed and total assets to generate sales over time. It is important for the company to consistently monitor and improve these ratios to ensure optimal asset utilization and sustainable growth in the long term.