Signet Jewelers Ltd (SIG)
Net profit margin
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 810,400 | 376,700 | 769,900 | -15,200 | 105,500 |
| Revenue | US$ in thousands | 7,202,700 | 7,830,100 | 7,807,100 | 5,166,000 | 6,113,300 |
| Net profit margin | 11.25% | 4.81% | 9.86% | -0.29% | 1.73% |
February 3, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $810,400K ÷ $7,202,700K
= 11.25%
Signet Jewelers Ltd's net profit margin has shown fluctuations over the past five years. In the most recent fiscal year, ending on February 3, 2024, the company achieved a net profit margin of 11.25%, indicating that for every dollar of revenue generated, the company retained $0.1125 as profit after accounting for all expenses. This represents a significant improvement compared to the previous year, where the net profit margin was 4.81%.
The highest net profit margin in the provided data was in January 29, 2022, at 9.86%, showing a strong profitability level during that period. In contrast, the company experienced a negative net profit margin of -0.29% on January 30, 2021, indicating that expenses exceeded revenues leading to a loss.
Further back, on February 1, 2020, the net profit margin was 1.73%, suggesting a moderate profitability level. Overall, the fluctuation in Signet Jewelers Ltd's net profit margin over the past five years reflects varying levels of operational efficiency, cost management, and revenue generation. It is essential for the company to focus on sustaining and improving its profitability to ensure long-term financial sustainability and growth.