Signet Jewelers Ltd (SIG)
Fixed asset turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 6,712,300 | 6,880,500 | 6,926,400 | 7,048,500 | 7,202,700 | 7,348,300 | 7,533,100 | 7,669,400 | 7,830,100 | 7,967,900 | 7,923,300 | 7,954,800 | 7,807,100 | 7,169,500 | 6,926,400 | 6,014,800 | 5,173,500 | 5,165,200 | 5,061,200 | 5,553,800 |
| Property, plant and equipment | US$ in thousands | 506,500 | 501,000 | 470,500 | 475,100 | 497,700 | 509,800 | 553,500 | 568,200 | 586,500 | 591,600 | 566,500 | 561,100 | 575,900 | 513,200 | 533,200 | 544,500 | 605,500 | 612,600 | 645,800 | 687,100 |
| Fixed asset turnover | 13.25 | 13.73 | 14.72 | 14.84 | 14.47 | 14.41 | 13.61 | 13.50 | 13.35 | 13.47 | 13.99 | 14.18 | 13.56 | 13.97 | 12.99 | 11.05 | 8.54 | 8.43 | 7.84 | 8.08 |
February 1, 2025 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $6,712,300K ÷ $506,500K
= 13.25
Signet Jewelers Ltd's fixed asset turnover has shown a generally increasing trend over the periods analyzed. The ratio increased from 8.08 in May 2020 to a peak of 14.84 in May 2024, indicating that the company generated $14.84 in sales for every $1 of fixed assets invested.
The significant improvement in fixed asset turnover suggests that Signet Jewelers has become more efficient in utilizing its fixed assets to generate revenue over time. This could be attributed to operational improvements, better asset management, or strategic investments that have increased productivity and profitability.
The consistent high levels of fixed asset turnover in recent periods, such as 13.73 in November 2024 and 13.25 in February 2025, indicate that the company continues to effectively leverage its fixed assets to drive sales growth. This efficiency in asset utilization is a positive sign for investors and indicates the company's ability to generate revenue from its capital-intensive assets.