Signet Jewelers Ltd (SIG)

The days of inventory on hand (DOH) for Signet Jewelers Ltd have displayed a varying trend over the past five years. In the most recent fiscal year, ending on February 3, 2024, the company's DOH stood at 86.75 days, indicating that, on average, Signet Jewelers held inventory for approximately 86.75 days before selling it.

Comparing this figure to the previous years, we observe a somewhat improving trend in inventory management. The DOH was higher in the two preceding years, at 89.66 days in January 28, 2023, and 88.06 days in January 29, 2022. This suggests that Signet Jewelers has been able to optimize its inventory turnover and reduce the number of days inventory is held over time.

However, it is worth noting that back in January 30, 2021, and February 1, 2020, the DOH figures were notably higher at 114.43 days and 116.37 days, respectively. This indicates that the company's inventory management was less efficient during those periods, as inventory turnover was slower, potentially tying up more capital in inventory.

Overall, the decreasing trend in days of inventory on hand over the past few years suggests that Signet Jewelers has been more effective in managing its inventory levels and turning inventory into sales efficiently. This improvement could positively impact the company's working capital management and profitability by reducing carrying costs and the risk of obsolete inventory.