Signet Jewelers Ltd (SIG)
Fixed asset turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 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 | 6,140,000 | 6,138,500 | 6,142,500 | 6,198,200 |
| Property, plant and equipment | US$ in thousands | 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 | 741,900 | 751,200 | 750,200 | 776,100 |
| Fixed asset turnover | 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 | 8.28 | 8.17 | 8.19 | 7.99 |
February 3, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $7,202,700K ÷ $497,700K
= 14.47
Signet Jewelers Ltd's fixed asset turnover ratio has shown varying trends over the periods analyzed. The fixed asset turnover ratio measures how efficiently the company is using its fixed assets to generate sales. A higher ratio indicates more efficient utilization of fixed assets.
Between February 3, 2024, and October 28, 2023, the ratio remained relatively stable, fluctuating between 14.47 and 14.41. This consistency suggests that Signet Jewelers was able to maintain a high level of sales relative to its fixed assets during this period.
From October 28, 2023, to January 30, 2021, the ratio generally decreased, indicating a potential decline in the efficiency of the company's fixed asset utilization. The ratio dropped from 14.41 to 8.54 over this period, reaching its lowest point at 7.84 on May 2, 2020. This downward trend may signal challenges in converting fixed assets into revenue efficiently.
However, from January 30, 2021, to February 1, 2020, there was a slight recovery in the fixed asset turnover ratio, increasing from 8.54 to 8.28. This uptick suggests that Signet Jewelers may have made some improvements in optimizing the use of its fixed assets during this period.
Overall, the trend in Signet Jewelers' fixed asset turnover ratio indicates some fluctuations in the efficiency of converting fixed assets into sales over the periods analyzed. Further analysis of the company's operational and strategic decisions would be necessary to understand the factors driving these changes and their implications for the company's performance.