Signet Jewelers Ltd (SIG)
Gross profit margin
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 2,825,400 | 2,855,200 | 2,906,500 | 2,960,400 | 3,052,100 | 3,093,400 | 3,116,400 | 3,169,300 | 3,124,000 | 2,841,100 | 2,700,000 | 2,206,700 | 1,732,500 | 1,760,900 | 1,694,100 | 1,928,500 | 2,223,700 | 2,203,600 | 2,207,100 | 2,175,400 |
| 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 |
| Gross profit margin | 39.23% | 38.86% | 38.58% | 38.60% | 38.98% | 38.82% | 39.33% | 39.84% | 40.01% | 39.63% | 38.98% | 36.69% | 33.49% | 34.09% | 33.47% | 34.72% | 36.22% | 35.90% | 35.93% | 35.10% |
February 3, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $2,825,400K ÷ $7,202,700K
= 39.23%
Signet Jewelers Ltd has experienced fluctuations in its gross profit margin over the past few years, with the margin varying between 33.47% and 40.01%. The gross profit margin is a key indicator of a company's efficiency in generating revenue from its cost of goods sold.
In the most recent data, as of February 3, 2024, the gross profit margin stood at 39.23%, showing a slight improvement compared to the previous quarter. This suggests that the company has been able to maintain a healthy level of profitability in relation to its sales revenue.
The trend in the gross profit margin over the past few years indicates some variability, with fluctuations possibly driven by changes in the company's pricing strategy, cost structure, and sales mix. It is important for Signet Jewelers Ltd to closely monitor its gross profit margin and take proactive measures to control costs and enhance operational efficiency in order to sustain and improve profitability over time.