Shoe Carnival Inc (SCVL)
Cash conversion cycle
| 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 | — | — |
| Cash conversion cycle | days | 181.82 | 189.47 | 202.41 | 198.55 | 138.22 | 163.37 | 171.77 | 156.58 | 200.92 | 166.33 | 196.30 | 162.80 | 182.56 | 142.97 | 174.64 | 138.54 | 176.00 | 127.54 | 155.46 | 127.31 |
January 31, 2025 calculation
Cash conversion cycle = DOH + DSO – Number of days of payables
= 181.82 + — – —
= 181.82
The cash conversion cycle of Shoe Carnival Inc fluctuated over the periods provided in the data. It measures the time it takes for the company to convert its investment in inventory back into cash flows from sales.
Based on the data:
- The cash conversion cycle ranged from a low of 127.31 days in January 2022 to a high of 200.92 days in July 2023. This indicates that the company varied in its efficiency in managing its working capital.
- Overall, there seems to be a trend of fluctuation in the cash conversion cycle over the periods, with some improvement seen in certain periods followed by slight deterioration in others.
- It is important to note that a shorter cash conversion cycle is generally more favorable as it indicates that the company is able to quickly convert its investments in inventory into cash, thus reducing the need for additional financing.
In conclusion, Shoe Carnival Inc should continue monitoring and managing its cash conversion cycle effectively to ensure optimal working capital management and improved financial performance.
Peer comparison
Jan 31, 2025