Signet Jewelers (FRA:SZ2) ROCE % : 35.74% (As of Jan. 2024)

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What is Signet Jewelers ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Signet Jewelers's annualized ROCE % for the quarter that ended in Jan. 2024 was 35.74%.

Signet Jewelers ROCE % Historical Data

The historical data trend for Signet Jewelers's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Signet Jewelers ROCE % Chart

Signet Jewelers Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

ROCE %

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4.16

-1.24

21.49

10.73

13.56

Signet Jewelers Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
ROCE %	Get a 7-Day Free Trial															3.16	9.15	9.15	1.66	35.74

Signet Jewelers ROCE % Calculation

Signet Jewelers's annualized ROCE % for the fiscal year that ended in Jan. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jan. 2024 )		(A: Jan. 2023 )		(A: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jan. 2024 )		(A: Jan. 2023 )		(A: Jan. 2024 )
	=	576.229	/	( ( (6143.731 - 2086.237)	+	(6254.518 - 1813.968) )	/ 2 )
	=	576.229	/	( (4057.494	+	4440.55)	/ 2 )
	=	576.229	/	4249.022
	=	13.56 %

Signet Jewelers's ROCE % of for the quarter that ended in Jan. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	1503.316	/	( ( (5743.46 - 1771.932)	+	(6254.518 - 1813.968) )	/ 2 )
	=	1503.316	/	( ( 3971.528	+	4440.55 )	/ 2 )
	=	1503.316	/	4206.039
	=	35.74 %

(1) Note: The EBIT data used here is four times the quarterly (Jan. 2024) EBIT data.

Signet Jewelers (FRA:SZ2) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Signet Jewelers ROCE % Related Terms

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Signet Jewelers (FRA:SZ2) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Signet Jewelers Ltd (FRA:SZ2) » Definitions » ROCE %

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SIG:USA

Address

2 Church Street, Clarendon House, Hamilton, BMU, HM11

Website

https://www.signetjewelers.com

Signet Jewelers Ltd is a retailer of diamond jewelry. Its merchandise mix includes bridal, fashion, watches and others. The bridal category includes engagement, wedding and anniversary purchases. Its segments are the North America segment, the International segment, and the Other segment. The North America segment contributes to the majority of the revenue.

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