Shoe Carnival Inc (SCVL)
Receivables 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,175,882 | 1,186,492 | 1,208,239 | 1,225,892 | 1,262,235 | 1,284,827 | 1,299,502 | 1,319,464 | 1,330,394 | 1,270,920 | 1,189,163 | 1,157,727 | 976,765 | 962,743 | 962,809 | 930,236 | 1,036,551 | 1,031,334 | 1,025,870 | 1,026,015 |
| Receivables | US$ in thousands | 2,593 | 3,105 | 3,961 | 3,084 | 3,052 | 7,762 | 10,677 | 14,442 | 14,159 | 10,018 | 7,871 | 7,477 | 7,096 | 8,435 | 6,844 | 6,316 | 2,724 | 2,470 | 2,414 | 2,003 |
| Receivables turnover | 453.48 | 382.12 | 305.03 | 397.50 | 413.58 | 165.53 | 121.71 | 91.36 | 93.96 | 126.86 | 151.08 | 154.84 | 137.65 | 114.14 | 140.68 | 147.28 | 380.53 | 417.54 | 424.97 | 512.24 |
February 3, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $1,175,882K ÷ $2,593K
= 453.48
The receivables turnover ratio for Shoe Carnival Inc has shown some fluctuation over the recent quarters. In general, a higher receivables turnover ratio indicates that the company is efficient in collecting payments from customers and converting credit sales into cash quickly.
Looking at the trend in the data, we see a significant increase in the receivables turnover ratio from April 2020 to February 2023, reaching a peak of 453.48 in February 2024. This suggests that Shoe Carnival has been efficient in managing its receivables and collecting payments from customers during this period.
However, it is worth noting that there have been some fluctuations in the ratio, such as the decrease in the ratio from February 2023 to July 2023, followed by an increase in the subsequent quarter. These fluctuations may indicate changes in the company's credit policies, sales mix, or customer payment behavior.
Overall, Shoe Carnival Inc's receivables turnover ratio indicates that the company has been effectively managing its accounts receivables and converting sales into cash efficiently. It is essential for the company to monitor this ratio regularly to ensure continued financial health and liquidity.
Peer comparison
Feb 3, 2024