Shoe Carnival Inc (SCVL)
Working capital turnover
| Jan 31, 2025 | Feb 3, 2024 | Jan 31, 2024 | Jan 31, 2023 | Jan 28, 2023 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,202,880 | 1,175,880 | 1,175,880 | 1,262,240 | 1,262,240 |
| Total current assets | US$ in thousands | 536,144 | 481,338 | 481,338 | 469,723 | 469,723 |
| Total current liabilities | US$ in thousands | 130,425 | 127,875 | 127,875 | 157,285 | 157,285 |
| Working capital turnover | 2.96 | 3.33 | 3.33 | 4.04 | 4.04 |
January 31, 2025 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $1,202,880K ÷ ($536,144K – $130,425K)
= 2.96
The working capital turnover for Shoe Carnival Inc has shown a declining trend over the period from January 28, 2023, to January 31, 2025. The ratio decreased from 4.04 in January 2023 to 2.96 in January 2025. This indicates that the company is generating less revenue relative to its working capital. A decreasing working capital turnover could suggest inefficiencies in utilizing working capital or potential challenges in managing inventory, receivables, or payables effectively. It would be advisable for management to further investigate the reasons behind this trend and take appropriate steps to improve the company's working capital turnover ratio.
Peer comparison
Jan 31, 2025