Signet Jewelers Ltd (SIG)
Inventory 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 8,119,100 | 8,072,200 | 8,109,100 | 8,040,600 | 8,146,400 | 4,481,000 | 4,636,300 | 4,682,700 | 4,895,700 | 8,894,100 | 8,793,400 | 8,797,800 | 7,019,700 | 6,080,800 | 5,907,900 | 4,355,400 | 4,461,700 | 4,655,700 | 4,623,700 | 4,651,100 |
| Inventory | US$ in thousands | 1,937,300 | 2,136,200 | 1,977,200 | 1,983,600 | 1,936,600 | 2,095,700 | 2,093,900 | 2,183,500 | 2,150,300 | 2,429,000 | 2,190,800 | 2,216,200 | 2,060,400 | 2,148,300 | 2,004,700 | 2,019,000 | 2,032,500 | 2,174,000 | 2,193,100 | 2,392,200 |
| Inventory turnover | 4.19 | 3.78 | 4.10 | 4.05 | 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 |
February 1, 2025 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $8,119,100K ÷ $1,937,300K
= 4.19
Signet Jewelers Ltd's inventory turnover has shown some fluctuations over the periods provided. The inventory turnover ratio indicates how efficiently the company manages its inventory by measuring how many times on average it sells and replaces its inventory during a specific time frame.
From May 2, 2020, to February 1, 2025, the inventory turnover for Signet Jewelers Ltd has ranged from a low of 1.94 to a high of 4.21. The trend shows an overall increasing pattern with some peaks and valleys in between.
The company experienced a significant improvement in inventory turnover from May 2, 2020, to April 30, 2022, where the ratio steadily increased from 1.94 to 3.97, indicating better efficiency in managing inventory during this period.
There was a notable spike in inventory turnover from July 30, 2022, to February 3, 2024, where the ratio soared from 4.01 to 4.21, suggesting an exceptional performance in inventory management during that timeframe.
However, from February 3, 2024, to February 1, 2025, the inventory turnover slightly decreased from 4.21 to 4.19, indicating a slight dip in efficiency in managing inventory during that period.
Overall, Signet Jewelers Ltd's inventory turnover has shown improvements over time, with some fluctuations along the way, suggesting enhancements in inventory management practices.