Signet Jewelers Ltd (SIG)

The number of days of payables for Signet Jewelers Ltd has shown a decreasing trend over the past five years. As of February 3, 2024, the company takes, on average, approximately 32.93 days to pay its suppliers and vendors, representing an improvement compared to the previous year when it took 36.65 days. This suggests that the company has been managing its payables more efficiently.

Compared to two years ago, Signet Jewelers Ltd has made significant progress in managing its payables, as the number of days has decreased from 38.46 days to the current 32.93 days. This indicates that the company has been optimizing its working capital management by extending its payment terms.

In contrast, looking back three years, the number of days of payables was higher at 45.75 days, indicating that the company has made significant improvements in managing its payables efficiently over the years. Furthermore, compared to five years ago when the number of days of payables was only 11.37 days, the current figure of 32.93 days still shows an increase but at a slower rate.

Overall, the decreasing trend in the number of days of payables for Signet Jewelers Ltd suggests an improvement in the company's ability to manage its supplier payments and optimize its working capital over the past five years.