Signet Jewelers Ltd (SIG)
Number of days of payables
Feb 1, 2025 | Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | ||
---|---|---|---|---|---|---|
Payables turnover | 10.59 | 11.08 | 9.96 | 9.49 | 7.98 | |
Number of days of payables | days | 34.48 | 32.93 | 36.65 | 38.46 | 45.75 |
February 1, 2025 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 10.59
= 34.48
Signet Jewelers Ltd has shown a consistent trend in the number of days of payables over the past five years. Starting at 45.75 days on January 30, 2021, it decreased to 38.46 days by January 29, 2022, and further decreased to 36.65 days by January 28, 2023. However, there was a slight increase to 32.93 days by February 3, 2024, before rising slightly again to 34.48 days by February 1, 2025.
Overall, Signet Jewelers Ltd seems to be managing its payables efficiently, with a decreasing trend in the number of days taken to pay its suppliers. This indicates that the company is able to maintain good relationships with its suppliers by paying them within a reasonable timeframe. However, it is worth noting the slight fluctuations in the number of days of payables in recent years, which may warrant further investigation to understand the underlying reasons for these changes.