Shoe Carnival Inc (SCVL)
Working capital 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 |
| Total current assets | US$ in thousands | 481,338 | 462,039 | 485,364 | 453,550 | 469,723 | 464,434 | 476,932 | 471,199 | 442,032 | 495,665 | 493,080 | 462,645 | 355,305 | 340,166 | 396,004 | 337,574 | 329,647 | 345,047 | 387,678 | 322,744 |
| Total current liabilities | US$ in thousands | 127,875 | 121,429 | 154,763 | 135,244 | 157,285 | 163,757 | 189,242 | 199,367 | 153,708 | 161,837 | 194,389 | 200,311 | 130,901 | 125,227 | 195,880 | 151,635 | 122,506 | 130,622 | 175,372 | 121,188 |
| Working capital turnover | 3.33 | 3.48 | 3.65 | 3.85 | 4.04 | 4.27 | 4.52 | 4.85 | 4.61 | 3.81 | 3.98 | 4.41 | 4.35 | 4.48 | 4.81 | 5.00 | 5.00 | 4.81 | 4.83 | 5.09 |
February 3, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $1,175,882K ÷ ($481,338K – $127,875K)
= 3.33
The working capital turnover of Shoe Carnival Inc has shown a fluctuating trend over the past few quarters, ranging from a low of 3.33 to a high of 5.09. This ratio measures the efficiency of the company in utilizing its working capital to generate sales revenue. A higher working capital turnover indicates that the company is able to generate more sales with less investment in working capital.
The trend for Shoe Carnival Inc shows a general increase in working capital turnover over the periods analyzed. This indicates that the company has been able to improve its efficiency in utilizing its working capital to drive sales. The peak of 5.09 in the most recent quarter suggests that the company has been particularly effective in this regard.
Overall, the increasing trend in working capital turnover for Shoe Carnival Inc is a positive indicator of the company's operational efficiency and effectiveness in managing its working capital to drive sales growth. It is important for the company to continue monitoring and managing its working capital efficiently to sustain this trend and support its financial performance.
Peer comparison
Feb 3, 2024