Signet Jewelers Ltd (SIG)
Days of sales outstanding (DSO)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Receivables turnover | 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 | 158.25 | 295.12 | 281.77 | 268.32 | |
| DSO | days | 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 | 2.31 | 1.24 | 1.30 | 1.36 |
February 3, 2024 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 383.12
= 0.95
The days of sales outstanding (DSO) ratio for Signet Jewelers Ltd has exhibited some fluctuations over the past few quarters.
The DSO ratio stood at 0.95 days as of February 3, 2024, indicating that on average, it takes Signet Jewelers less than a day to collect revenue from its customers. This is a positive sign as it suggests efficient management of accounts receivable.
In the previous quarter, the DSO was slightly higher at 0.99 days, but still relatively low and consistent with efficient collection practices. The DSO increased to 1.27 days in the quarter before that, July 29, 2023, which may indicate a slight delay in collecting receivables compared to the previous periods.
A significant spike in DSO was observed on April 29, 2023, reaching 3.10 days, which could be a cause for concern as it indicates a longer time to collect revenue from customers. However, this spike was followed by a notable improvement in the subsequent period.
The DSO ratio has shown some volatility in recent quarters, with occasional spikes in collection days. It is important for Signet Jewelers to monitor and manage its accounts receivable effectively to ensure timely collection of revenue and maintain healthy cash flows.
Overall, the recent trend in DSO for Signet Jewelers Ltd suggests efficient collection practices, but occasional fluctuations highlight the need for continued attention to managing accounts receivable effectively.