Signet Jewelers Ltd (SIG)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 639,800 | 579,600 | 608,100 | 696,800 | 451,200 | 481,100 | 540,700 | 580,800 | 884,400 | 772,900 | 701,800 | 381,800 | -89,700 | -168,200 | -240,300 | -173,700 | 121,400 | -187,600 | -213,400 | -256,300 |
| 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 |
| Pretax margin | 8.88% | 7.89% | 8.07% | 9.09% | 5.76% | 6.04% | 6.82% | 7.30% | 11.33% | 10.78% | 10.13% | 6.35% | -1.73% | -3.26% | -4.75% | -3.13% | 1.98% | -3.06% | -3.47% | -4.14% |
February 3, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $639,800K ÷ $7,202,700K
= 8.88%
Signet Jewelers Ltd's pretax margin has displayed fluctuations over the periods analyzed. The pretax margin indicates the company's ability to generate profits before accounting for taxes on its revenue. From Aug 1, 2020, to Apr 29, 2023, the pretax margins varied between negative figures and positive percentages. Notably, the lowest point was in Jan 30, 2021, at -1.73%, while the highest point was in Jan 29, 2022, at 11.33%.
The overall trend of the pretax margin appears to have improved after the significant drop in Jan 2021, gradually increasing and stabilizing around the 8-9% range from Jul 30, 2022, to Feb 3, 2024. The latest figure of 8.88% suggests a moderately healthy profitability level, indicating that Signet Jewelers is effectively managing its costs and expenses relative to its revenue. Continued monitoring of this metric will be essential to assess the company's ongoing financial performance and profitability.