Signet Jewelers Ltd (SIG)
Receivables turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 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 | 6,140,000 | 6,138,500 | 6,142,500 | 6,198,200 |
| Receivables | US$ in thousands | 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 | 38,800 | 20,800 | 21,800 | 23,100 |
| Receivables turnover | 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 | 158.25 | 295.12 | 281.77 | 268.32 |
February 3, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $7,202,700K ÷ $18,800K
= 383.12
The receivables turnover for Signet Jewelers Ltd has exhibited significant fluctuations over the periods provided. The highest recorded turnover was 383.12, indicating that the company collected its accounts receivable approximately 383 times during the period. This high turnover suggests efficient management of accounts receivable.
On the other hand, the lowest turnover of 17.90 implies a slower collection of receivables during that period. This could indicate potential issues such as lenient credit policies, a decrease in customer payments, or a decrease in sales volume.
Overall, the average receivables turnover for Signet Jewelers Ltd seems to vary widely, with some periods showing strong efficiency in collecting receivables, while others demonstrate challenges in the collection process. It would be essential for the company to analyze the reasons behind these fluctuations and take appropriate actions to maintain a healthy balance between efficient receivables management and customer satisfaction.