Signet Jewelers Ltd (SIG)
Number of days of payables
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 10.59 | 12.56 | 14.81 | 13.42 | 11.08 | 6.95 | 8.12 | 6.68 | 5.57 | 11.11 | 12.75 | 9.99 | 7.80 | 7.00 | 8.09 | 6.22 | 5.49 | 8.34 | 15.30 | 14.13 | |
| Number of days of payables | days | 34.48 | 29.05 | 24.65 | 27.20 | 32.94 | 52.53 | 44.93 | 54.68 | 65.53 | 32.84 | 28.62 | 36.54 | 46.79 | 52.11 | 45.14 | 58.67 | 66.48 | 43.78 | 23.86 | 25.83 |
February 1, 2025 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 10.59
= 34.48
The number of days of payables for Signet Jewelers Ltd has shown fluctuations over the period analyzed. From May 2, 2020, where it was at 25.83 days, the number decreased to 23.86 days by August 1, 2020. However, it increased significantly to 66.48 days by January 30, 2021, indicating a longer time taken to pay the company's suppliers.
Subsequently, the number of days of payables gradually decreased to 28.62 days by July 30, 2022, showing a more efficient management of payables during this period. The trend continued to improve, with the number reaching 24.65 days by August 3, 2024.
Overall, the trend in the number of days of payables for Signet Jewelers Ltd demonstrates varying levels of efficiency in managing its payables over the analyzed period, with notable improvements in certain periods and fluctuations in others. The company may need to monitor and manage its payables effectively to maintain optimal working capital management and supplier relationships.