Signet Jewelers Ltd (SIG)
Total asset 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 |
| Total assets | US$ in thousands | 5,726,600 | 5,685,300 | 5,613,800 | 6,151,200 | 6,813,200 | 6,064,900 | 6,087,400 | 6,205,400 | 6,620,400 | 6,346,000 | 6,164,400 | 6,286,300 | 6,575,100 | 6,387,500 | 6,311,900 | 6,180,800 | 6,178,900 | 6,532,500 | 6,578,100 | 6,877,700 |
| Total asset turnover | 1.17 | 1.21 | 1.23 | 1.15 | 1.06 | 1.21 | 1.24 | 1.24 | 1.18 | 1.26 | 1.29 | 1.27 | 1.19 | 1.12 | 1.10 | 0.97 | 0.84 | 0.79 | 0.77 | 0.81 |
February 1, 2025 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $6,712,300K ÷ $5,726,600K
= 1.17
Signet Jewelers Ltd's total asset turnover has shown a fluctuating trend over the past few years. The total asset turnover ratio measures the efficiency of the company in generating sales revenue from its investment in assets.
From May 2020 to February 2025, the total asset turnover ratio increased from 0.81 to 1.17. This indicates that the company has improved its ability to utilize its assets to generate sales revenue. A higher total asset turnover ratio generally signifies better asset utilization efficiency and operational performance.
Although there were fluctuations in the ratio over the period, the general trend shows an improvement in asset efficiency. The ratio peaked at 1.29 in July 2022 before slightly declining to 1.17 in February 2025.
Overall, the increasing trend in Signet Jewelers Ltd's total asset turnover suggests that the company has been able to generate more sales revenue per dollar of assets invested, reflecting improved operational efficiency and effectiveness in managing its assets.