Signet Jewelers Ltd (SIG)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 2,166,500 | 1,572,200 | 1,614,100 | 1,581,500 | 1,578,600 | 1,358,100 | 1,367,900 | 1,256,800 | 1,564,000 | 1,534,600 | 1,555,500 | 1,320,600 | 1,190,300 | 915,900 | 916,400 | 983,800 | 1,222,600 | 1,050,700 | 1,088,200 | 1,161,400 |
| ROE | 37.41% | 29.35% | 30.19% | 35.26% | 23.86% | 30.46% | 34.27% | 43.60% | 49.23% | 46.26% | 40.28% | 24.25% | -1.28% | -9.90% | -14.79% | -9.14% | 7.95% | -18.83% | -18.42% | -16.83% |
February 3, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $810,400K ÷ $2,166,500K
= 37.41%
The return on equity (ROE) of Signet Jewelers Ltd has shown fluctuations over the past few years, ranging from a low of -18.83% in Nov 2019 to a high of 49.23% in Jan 2022. The latest ROE as of Feb 3, 2024, stands at 37.41%.
The ROE indicates how efficiently the company is utilizing shareholders' equity to generate profits. A higher ROE implies that the company is generating more profit with less equity, which is favorable for shareholders.
Signet Jewelers Ltd has generally maintained a healthy ROE over the periods examined, with some fluctuations. It reached a peak in Jan 2022 at 49.23%, reflecting strong profitability relative to shareholders' investment.
However, there have been instances of negative ROE, particularly in 2020 and 2021, indicating periods when the company's net income was insufficient to cover shareholders' equity, leading to a loss. It is crucial for investors to monitor the trend of ROE over time to assess the company's financial health and performance.