Signet Jewelers Ltd (SIG)
Days of inventory on hand (DOH)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 4.21 | 2.14 | 2.21 | 2.14 | 2.28 | 3.66 | 4.01 | 3.97 | 3.41 | 2.83 | 2.95 | 2.16 | 2.20 | 2.14 | 2.11 | 1.94 | 2.56 | 1.58 | 1.58 | 1.89 | |
| DOH | days | 86.77 | 170.71 | 164.85 | 170.20 | 160.32 | 99.68 | 90.94 | 91.94 | 107.13 | 128.95 | 123.85 | 169.20 | 166.27 | 170.44 | 173.13 | 187.73 | 142.38 | 230.75 | 231.69 | 193.13 |
February 3, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 4.21
= 86.77
The days of inventory on hand (DOH) for Signet Jewelers Ltd have shown fluctuations over the past several periods. The trend indicates that Signet Jewelers has been managing its inventory levels differently over time.
From the data provided, we observe that the DOH for Signet Jewelers ranged from a low of 86.77 days to a high of 231.69 days. This wide range signifies significant variability in how efficiently the company is managing its inventory.
Analyzing the trend, we note that there was a sharp increase in DOH from November 2019 to May 2020, indicating that Signet Jewelers may have faced challenges with inventory management during this period. However, there was a subsequent decrease in DOH until around October 2021, suggesting improvements in managing inventory levels during that time.
In more recent periods, DOH has been relatively stable around the 100 to 170-day range, with some fluctuations. It is essential for the company to further analyze the reasons behind the observed fluctuations and determine if there are any underlying issues affecting their inventory management efficiency.
Overall, the analysis of Signet Jewelers Ltd's days of inventory on hand highlights the importance of closely monitoring inventory levels to ensure optimal operational efficiency and financial performance.