Shoe Carnival Inc (SCVL)
Receivables turnover
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,175,880 | 1,262,240 | 1,330,390 | 976,765 | 1,036,550 |
| Receivables | US$ in thousands | 2,593 | 3,052 | 14,159 | 7,096 | 2,724 |
| Receivables turnover | 453.48 | 413.58 | 93.96 | 137.65 | 380.52 |
February 3, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $1,175,880K ÷ $2,593K
= 453.48
Shoe Carnival Inc's receivables turnover has exhibited varying trends over the past five years. In the most recent fiscal year ending on February 3, 2024, the company's receivables turnover ratio was 453.48, reflecting a significant improvement compared to the previous year's ratio of 413.58. This indicates that Shoe Carnival Inc was able to collect its accounts receivable almost 454 times during the fiscal year, which is a positive sign of efficient collection practices.
In contrast, the receivables turnover ratio for the fiscal year ending January 29, 2022 was considerably lower at 93.96, suggesting a slower rate of collection compared to the more recent years. This could be indicative of potential issues with credit policies, collection procedures, or the creditworthiness of customers during that period.
The company's performance in terms of receivables turnover in the fiscal years ending January 30, 2021 and February 1, 2020, with ratios of 137.65 and 380.52 respectively, falls between the extremes of the highest and lowest turnover ratios observed in the data set. These figures suggest that Shoe Carnival Inc had moderate to good efficiency in collecting its accounts receivable during those years.
Overall, the variability in Shoe Carnival Inc's receivables turnover ratios over the five-year period highlights the importance of effectively managing accounts receivable to maintain a healthy cash flow and ensure timely collection of outstanding payments.
Peer comparison
Feb 3, 2024