Signet Jewelers Ltd (SIG)
Days of sales outstanding (DSO)
| Feb 1, 2025 | Nov 2, 2024 | Aug 3, 2024 | May 4, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Receivables turnover | 469.39 | 97.32 | 752.87 | 757.90 | 383.12 | 367.42 | 286.43 | 117.63 | 324.90 | 31.64 | 51.42 | 49.16 | 181.14 | 53.23 | 100.67 | 43.81 | 36.85 | 30.49 | 17.90 | 186.37 | |
| DSO | days | 0.78 | 3.75 | 0.48 | 0.48 | 0.95 | 0.99 | 1.27 | 3.10 | 1.12 | 11.53 | 7.10 | 7.42 | 2.02 | 6.86 | 3.63 | 8.33 | 9.91 | 11.97 | 20.39 | 1.96 |
February 1, 2025 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 469.39
= 0.78
The days of sales outstanding (DSO) for Signet Jewelers Ltd have shown fluctuations over the indicated periods.
From May 2, 2020, to August 1, 2020, DSO increased significantly from 1.96 days to 20.39 days, indicating that it took the company much longer to collect its accounts receivable during that period. However, the DSO improved to 11.97 days by October 31, 2020, and further decreased to 9.91 days by January 30, 2021, suggesting a better efficiency in collecting receivables.
Subsequently, the DSO continued to decrease, reaching its lowest point at 0.95 days on February 3, 2024, which demonstrates a highly efficient collection process during that period. After that, DSO showed some volatility, but generally remained relatively low, indicating a consistent ability to convert sales into cash quickly.
Overall, the trend in DSO for Signet Jewelers Ltd reflects varying levels of efficiency in managing accounts receivable over time, with periods of improvement and stability. A lower DSO implies the company is collecting receivables more quickly, which can positively impact cash flow and working capital management.