Signet Jewelers Ltd (SIG)
Number of days of payables
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 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 | 26.23 | 11.94 | 15.97 | 18.99 | |
| Number of days of payables | days | 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 | 13.92 | 30.58 | 22.85 | 19.22 |
February 3, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 11.08
= 32.94
The number of days of payables for Signet Jewelers Ltd has varied over the past 20 periods, ranging from a low of 13.92 days to a high of 66.48 days. The average number of days of payables over this period is 39.17 days. A lower number of days of payables indicates that the company takes less time to pay its suppliers, which may signal efficient management of working capital. Conversely, a higher number of days of payables suggests that the company is taking longer to settle its payables, which could potentially strain supplier relationships. It is important for investors and stakeholders to monitor changes in the number of days of payables to understand the company's payment practices and overall liquidity position.