Signet Jewelers Ltd (SIG)
Total asset turnover
| Feb 1, 2025 | Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 6,712,300 | 7,202,700 | 7,830,100 | 7,807,100 | 5,166,000 |
| Total assets | US$ in thousands | 5,726,600 | 6,813,200 | 6,620,400 | 6,575,100 | 6,178,900 |
| Total asset turnover | 1.17 | 1.06 | 1.18 | 1.19 | 0.84 |
February 1, 2025 calculation
Total asset turnover = Revenue ÷ Total assets
= $6,712,300K ÷ $5,726,600K
= 1.17
Signet Jewelers Ltd's total asset turnover has shown fluctuations over the past five years, ranging from 0.84 to 1.19. The total asset turnover ratio measures the efficiency of the company in generating sales revenue from its assets. An increase in this ratio indicates that Signet Jewelers Ltd is utilizing its assets more effectively to generate sales.
There was a notable improvement from January 30, 2021, to January 29, 2022, where the ratio increased significantly from 0.84 to 1.19, suggesting improved efficiency in utilizing assets to generate sales. However, in the following years, the ratio remained relatively stable, hovering around 1.18 with minor fluctuations.
The slight decrease in total asset turnover from February 1, 2025, compared to the previous year may indicate a small dip in asset efficiency in generating sales revenue. Overall, Signet Jewelers Ltd's total asset turnover indicates reasonable efficiency in utilizing assets to generate sales, with a general trend of improvement over the years, although subject to minor fluctuations.