Signet Jewelers Ltd (SIG)
Operating profit margin
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 110,700 | 374,400 | 378,500 | 569,600 | 621,500 | 574,700 | 609,800 | 706,400 | 604,900 | 637,800 | 696,300 | 734,900 | 903,400 | 792,900 | 725,700 | 410,600 | -57,700 | -126,400 | -206,000 | -138,700 |
| 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 |
| Operating profit margin | 1.65% | 5.44% | 5.46% | 8.08% | 8.63% | 7.82% | 8.09% | 9.21% | 7.73% | 8.00% | 8.79% | 9.24% | 11.57% | 11.06% | 10.48% | 6.83% | -1.12% | -2.45% | -4.07% | -2.50% |
February 1, 2025 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $110,700K ÷ $6,712,300K
= 1.65%
Signet Jewelers Ltd's operating profit margin has exhibited a fluctuating trend over the given period. The company's operating profit margin started in negative territory in May 2020 at -2.50% and declined further to -4.07% in August 2020. However, there was a gradual improvement in the subsequent quarters, with the margin moving back into positive territory by May 2021 and increasing steadily to reach a peak of 11.57% in January 2022.
Subsequently, there was a slight dip in the operating profit margin to 7.73% by January 2023, followed by a fluctuating pattern with margins hovering around the 8-9% range until August 2024, where it decreased to 5.46%. The margin remained relatively stable around this level for the next few quarters, ending at 1.65% in February 2025.
Overall, Signet Jewelers Ltd's operating profit margin reflects both challenges and improvements in its operational efficiency over the period, with notable fluctuations and some periods of significant growth. Further evaluation of the company's cost structure, revenue generation capabilities, and overall profitability may provide insights into the factors driving these changes in the operating profit margin.