Signet Jewelers Ltd (SIG)
Return on assets (ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 810,400 | 461,500 | 487,300 | 557,600 | 376,700 | 413,700 | 468,800 | 548,000 | 769,900 | 709,900 | 626,600 | 320,300 | -15,200 | -90,700 | -135,500 | -89,900 | 97,200 | -197,800 | -200,400 | -195,500 |
| Total assets | US$ in thousands | 6,813,200 | 6,064,900 | 6,087,400 | 6,205,400 | 6,620,400 | 6,346,000 | 6,164,400 | 6,286,300 | 6,575,100 | 6,387,500 | 6,311,900 | 6,180,800 | 6,178,900 | 6,532,500 | 6,578,100 | 6,877,700 | 6,299,100 | 6,101,600 | 5,965,600 | 6,193,300 |
| ROA | 11.89% | 7.61% | 8.01% | 8.99% | 5.69% | 6.52% | 7.60% | 8.72% | 11.71% | 11.11% | 9.93% | 5.18% | -0.25% | -1.39% | -2.06% | -1.31% | 1.54% | -3.24% | -3.36% | -3.16% |
February 3, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $810,400K ÷ $6,813,200K
= 11.89%
Signet Jewelers Ltd's return on assets (ROA) has exhibited variability over the historical periods provided. The company's ROA ranged from negative figures to positive figures, indicating fluctuations in its ability to generate profits relative to its total assets.
The ROA was relatively stable around the 7% to 9% range in the early part of the data series, showing consistent profitability in utilizing its assets to generate earnings. However, there was a notable increase in the ROA in later periods, reaching as high as 11.89% and 11.71%, suggesting improved efficiency in asset utilization and higher profitability.
It is important to note the negative ROA values observed in some periods, particularly in 2020 and 2021, which could indicate challenges in profitability and asset management during those times. Management may need to address underlying issues to improve the company's ability to generate earnings from its assets.
Overall, Signet Jewelers Ltd's ROA performance indicates a mix of profitability levels throughout the periods, highlighting the importance of consistent monitoring and management of asset utilization efficiency to drive sustainable profitability growth.