Signet Jewelers Ltd (SIG)
Receivables 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 6,712,300 | 6,880,500 | 6,926,400 | 7,048,500 | 7,202,700 | 7,348,300 | 7,533,100 | 7,669,400 | 7,830,100 | 7,967,900 | 7,923,300 | 7,954,800 | 7,807,100 | 7,169,500 | 6,926,400 | 6,014,800 | 5,173,500 | 5,165,200 | 5,061,200 | 5,553,800 |
| Receivables | US$ in thousands | 14,300 | 70,700 | 9,200 | 9,300 | 18,800 | 20,000 | 26,300 | 65,200 | 24,100 | 251,800 | 154,100 | 161,800 | 43,100 | 134,700 | 68,800 | 137,300 | 140,400 | 169,400 | 282,800 | 29,800 |
| Receivables turnover | 469.39 | 97.32 | 752.87 | 757.90 | 383.12 | 367.42 | 286.43 | 117.63 | 324.90 | 31.64 | 51.42 | 49.16 | 181.14 | 53.23 | 100.67 | 43.81 | 36.85 | 30.49 | 17.90 | 186.37 |
February 1, 2025 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $6,712,300K ÷ $14,300K
= 469.39
Signet Jewelers Ltd's receivables turnover ratio has shown significant fluctuations over the period under review. The ratio stood at a high of 186.37 as of May 2, 2020, indicating that the company collected its accounts receivables nearly 186 times during that period. However, the ratio dropped to 17.90 as of August 1, 2020, signaling a considerable slowdown in collecting its receivables.
Subsequently, there were fluctuations in the ratio with varying levels of improvement. The ratio increased to 36.85 as of January 30, 2021, and further improved to 100.67 by July 31, 2021, suggesting more efficient management of accounts receivables compared to the previous periods. However, by November 2, 2024, the ratio dropped to 97.32, indicating a slower turnover of receivables.
The most notable increase in receivables turnover occurred as of February 1, 2025, with a ratio of 469.39, signifying a substantial enhancement in the company's ability to collect outstanding payments. This sharp rise could indicate more effective credit control measures or a reduction in credit sales.
Overall, it is clear that Signet Jewelers Ltd has experienced fluctuations in its receivables turnover ratio over the period, with some periods showing significant improvements in the efficiency of collecting accounts receivables, while others showing a slowdown. Further analysis would be needed to understand the factors driving these fluctuations and their implications for the company's financial health.