Signet Jewelers Ltd (SIG)
Working capital 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 current assets | US$ in thousands | 2,712,200 | 2,538,800 | 2,575,700 | 2,924,600 | 3,536,600 | 3,018,300 | 2,987,400 | 3,083,100 | 3,507,100 | 3,188,200 | 3,396,000 | 3,515,500 | 3,730,400 | 3,994,800 | 3,822,300 | 3,641,800 | 3,582,000 | 3,904,600 | 3,862,800 | 4,015,500 |
| Total current liabilities | US$ in thousands | 1,831,500 | 1,634,200 | 1,527,000 | 1,748,100 | 1,976,000 | 1,871,100 | 1,852,300 | 1,775,500 | 2,248,100 | 2,047,500 | 1,920,100 | 2,139,800 | 2,070,700 | 1,971,800 | 1,840,500 | 1,897,500 | 1,998,700 | 1,731,500 | 1,499,400 | 1,676,700 |
| Working capital turnover | 7.62 | 7.61 | 6.60 | 5.99 | 4.62 | 6.41 | 6.64 | 5.87 | 6.22 | 6.99 | 5.37 | 5.78 | 4.70 | 3.54 | 3.50 | 3.45 | 3.27 | 2.38 | 2.14 | 2.37 |
February 1, 2025 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $6,712,300K ÷ ($2,712,200K – $1,831,500K)
= 7.62
Signet Jewelers Ltd's working capital turnover has shown a consistent improvement over the past few years. The ratio has increased from 2.37 in May 2020 to 7.62 in February 2025. This indicates that the company is effectively managing its working capital to generate sales. A higher working capital turnover ratio suggests that Signet Jewelers is using its resources efficiently to support its sales activities. It is important to note the general upward trend in the working capital turnover ratio, which reflects positively on the company's operational efficiency and liquidity management.