Signet Jewelers Ltd (SIG)
Return on assets (ROA)
| 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 |
| Total assets | US$ in thousands | 6,813,200 | 6,620,400 | 6,575,100 | 6,178,900 | 6,299,100 |
| ROA | 11.89% | 5.69% | 11.71% | -0.25% | 1.67% |
February 3, 2024 calculation
ROA = Net income ÷ Total assets
= $810,400K ÷ $6,813,200K
= 11.89%
Signet Jewelers Ltd's return on assets (ROA) has fluctuated over the past five years. In the most recent fiscal year ending February 3, 2024, the ROA stood at 11.89%, reflecting an increase from the previous year's 5.69%. Compared to the fiscal year ending January 29, 2022, where the ROA was 11.71%, the current ROA indicates a positive trend in the company's asset utilization efficiency.
However, it's worth noting that Signet Jewelers faced challenges in the fiscal year ending January 30, 2021, where the ROA was negative at -0.25%, indicating that the company's assets were not effectively generating profits during that period. This negative ROA could be a result of operational inefficiencies, poor management decisions, or external factors impacting the company's performance.
Looking back further to the fiscal year ending February 1, 2020, the ROA was 1.67%, showing improvement from the negative ROA in the previous year but still below the levels seen in the more recent years. This improvement suggests that the company may have undertaken measures to enhance asset utilization and profitability.
Overall, Signet Jewelers Ltd's ROA has shown variability over the years, with the most recent data indicating a healthy return on assets. Investors and stakeholders should closely monitor future ROA figures to assess the company's ability to effectively generate profits from its assets.