Signet Jewelers Ltd (SIG)
Total asset 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 |
| Total assets | US$ in thousands | 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 | 6,299,100 | 6,101,600 | 5,965,600 | 6,193,300 |
| Total asset turnover | 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 | 0.97 | 1.01 | 1.03 | 1.00 |
February 3, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $7,202,700K ÷ $6,813,200K
= 1.06
The total asset turnover ratio for Signet Jewelers Ltd has fluctuated over the past few years, ranging from a low of 0.77 to a high of 1.29. The ratio measures the company's ability to generate sales or revenue from its total assets. A higher ratio indicates that the company is more efficient in utilizing its assets to generate revenue.
In recent periods, the total asset turnover ratio has generally been above 1, suggesting that Signet Jewelers Ltd has been able to efficiently generate sales relative to its total assets. This indicates that the company has effectively managed its assets to drive higher revenue levels.
However, there have been fluctuations in the ratio over time, indicating potential changes in the company's asset utilization efficiency. It is important for investors and analysts to monitor this ratio over time to assess the company's operational and financial performance.