Signet Jewelers Ltd (SIG)
Return on assets (ROA)
| Feb 1, 2025 | Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 61,200 | 810,400 | 376,700 | 769,900 | -15,200 |
| Total assets | US$ in thousands | 5,726,600 | 6,813,200 | 6,620,400 | 6,575,100 | 6,178,900 |
| ROA | 1.07% | 11.89% | 5.69% | 11.71% | -0.25% |
February 1, 2025 calculation
ROA = Net income ÷ Total assets
= $61,200K ÷ $5,726,600K
= 1.07%
Signet Jewelers Ltd's return on assets (ROA) has exhibited fluctuations over the past five years.
- On January 30, 2021, the company reported a negative ROA of -0.25%, indicating that its assets did not generate significant returns during that period.
- By January 29, 2022, the ROA had significantly improved to 11.71%, suggesting that the company was utilizing its assets more efficiently to generate profits.
- However, by January 28, 2023, the ROA decreased to 5.69%, indicating a slight decline in asset efficiency compared to the previous year.
- The trend reversed by February 3, 2024, with a notable increase in ROA to 11.89%, demonstrating improved asset performance and profitability.
- As of February 1, 2025, Signet Jewelers Ltd's ROA dropped to 1.07%, signaling a decline in asset utilization efficiency.
Overall, Signet Jewelers Ltd's ROA has experienced fluctuations over the years, with both improvements and declines in asset efficiency. It is essential for the company to continue monitoring and managing its assets effectively to enhance profitability and sustainable growth in the future.