Signet Net Debt vs Inventory Analysis

SIG Stock

USD 102.60 2.43 2.43%

Signet Jewelers financial indicator trend analysis is much more than just breaking down Signet Jewelers prevalent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Signet Jewelers is a good investment. Please check the relationship between Signet Jewelers Net Debt and its Inventory accounts. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Signet Jewelers. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

For more detail on how to invest in Signet Stock please use our How to Invest in Signet Jewelers guide.

Net Debt vs Inventory

Net Debt vs Inventory Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Signet Jewelers Net Debt account and Inventory. At this time, the significance of the direction appears to have strong relationship.

The correlation between Signet Jewelers' Net Debt and Inventory is 0.63. Overlapping area represents the amount of variation of Net Debt that can explain the historical movement of Inventory in the same time period over historical financial statements of Signet Jewelers, assuming nothing else is changed. The correlation between historical values of Signet Jewelers' Net Debt and Inventory is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Debt of Signet Jewelers are associated (or correlated) with its Inventory. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Inventory has no effect on the direction of Net Debt i.e., Signet Jewelers' Net Debt and Inventory go up and down completely randomly.

Correlation Coefficient

0.63

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Net Debt

The total debt of a company minus its cash and cash equivalents. It represents the actual debt burden on the company after accounting for the liquid assets it holds.

Inventory

Most indicators from Signet Jewelers' fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Signet Jewelers current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Signet Jewelers. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

For more detail on how to invest in Signet Stock please use our How to Invest in Signet Jewelers guide.At this time, Signet Jewelers' Enterprise Value Multiple is most likely to slightly decrease in the upcoming years.

	2021	2022	2023	2024 (projected)
Gross Profit	3.1B	3.1B	2.8B	3.0B
Total Revenue	7.8B	7.8B	7.2B	3.7B

Gross Profit Total Revenue

Signet Jewelers fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Accounts Payable	Common Stock Total Equity	Common Stock	Other Liab
Total Assets		0.78	0.64	0.67	0.74	0.57	0.49	0.68	0.3	0.69	0.59	0.3	0.13	-0.83	0.83	0.9	0.65	-0.51	0.81	0.41	0.88	0.15	0.27	-0.18	-0.1	0.6
Short Long Term Debt Total	0.78		0.62	0.66	0.23	0.79	0.76	0.33	0.28	0.76	0.53	0.28	-0.18	-0.6	0.94	0.7	0.85	-0.44	0.87	0.57	0.52	0.22	0.35	-0.46	-0.38	0.47
Other Current Liab	0.64	0.62		0.35	0.46	0.34	0.65	0.5	-0.08	0.49	0.44	-0.08	0.15	-0.47	0.65	0.73	0.42	-0.37	0.56	0.2	0.56	-0.49	-0.04	-0.12	-0.03	0.28
Total Current Liabilities	0.67	0.66	0.35		0.22	0.86	0.07	0.51	0.86	0.91	0.87	0.86	-0.44	-0.63	0.77	0.47	0.59	-0.64	0.92	0.84	0.42	0.44	0.79	-0.36	-0.66	0.79
Total Stockholder Equity	0.74	0.23	0.46	0.22		-0.01	0.22	0.79	-0.06	0.24	0.3	-0.06	0.62	-0.55	0.37	0.73	0.13	-0.26	0.33	-0.02	0.9	-0.14	-0.19	0.43	0.44	0.34
Property Plant And Equipment Net	0.57	0.79	0.34	0.86	-0.01		0.31	0.26	0.68	0.87	0.69	0.68	-0.59	-0.62	0.79	0.42	0.86	-0.59	0.86	0.85	0.22	0.51	0.63	-0.59	-0.72	0.69
Net Debt	0.49	0.76	0.65	0.07	0.22	0.31		0.18	-0.39	0.29	0.06	-0.39	0.24	-0.28	0.66	0.63	0.58	-0.11	0.44	0.06	0.43	-0.19	-0.27	-0.15	0.11	0.02
Retained Earnings	0.68	0.33	0.5	0.51	0.79	0.26	0.18		0.28	0.63	0.71	0.28	0.26	-0.45	0.59	0.66	0.15	-0.69	0.59	0.41	0.7	-0.19	0.17	0.4	0.02	0.69
Cash	0.3	0.28	-0.08	0.86	-0.06	0.68	-0.39	0.28		0.71	0.75	1.0	-0.62	-0.34	0.4	0.03	0.3	-0.52	0.63	0.81	0.06	0.53	0.91	-0.32	-0.75	0.69
Non Current Assets Total	0.69	0.76	0.49	0.91	0.24	0.87	0.29	0.63	0.71		0.92	0.71	-0.45	-0.59	0.87	0.55	0.65	-0.81	0.94	0.89	0.38	0.24	0.66	-0.3	-0.66	0.83
Non Currrent Assets Other	0.59	0.53	0.44	0.87	0.3	0.69	0.06	0.71	0.75	0.92		0.75	-0.37	-0.5	0.72	0.46	0.39	-0.79	0.83	0.85	0.37	0.11	0.66	-0.12	-0.63	0.85
Cash And Short Term Investments	0.3	0.28	-0.08	0.86	-0.06	0.68	-0.39	0.28	1.0	0.71	0.75		-0.62	-0.34	0.4	0.03	0.3	-0.52	0.63	0.81	0.06	0.53	0.91	-0.32	-0.75	0.69
Net Receivables	0.13	-0.18	0.15	-0.44	0.62	-0.59	0.24	0.26	-0.62	-0.45	-0.37	-0.62		0.13	-0.14	0.24	-0.35	0.4	-0.28	-0.6	0.54	-0.37	-0.63	0.72	0.89	-0.35
Common Stock Shares Outstanding	-0.83	-0.6	-0.47	-0.63	-0.55	-0.62	-0.28	-0.45	-0.34	-0.59	-0.5	-0.34	0.13		-0.64	-0.81	-0.75	0.46	-0.67	-0.41	-0.67	-0.36	-0.19	0.42	0.27	-0.61
Non Current Liabilities Total	0.83	0.94	0.65	0.77	0.37	0.79	0.66	0.59	0.4	0.87	0.72	0.4	-0.14	-0.64		0.79	0.76	-0.62	0.96	0.66	0.62	0.13	0.42	-0.3	-0.4	0.68
Inventory	0.9	0.7	0.73	0.47	0.73	0.42	0.63	0.66	0.03	0.55	0.46	0.03	0.24	-0.81	0.79		0.61	-0.44	0.7	0.22	0.87	-0.06	-0.02	-0.13	0.03	0.51
Other Current Assets	0.65	0.85	0.42	0.59	0.13	0.86	0.58	0.15	0.3	0.65	0.39	0.3	-0.35	-0.75	0.76	0.61		-0.35	0.73	0.56	0.38	0.46	0.24	-0.6	-0.43	0.47
Other Stockholder Equity	-0.51	-0.44	-0.37	-0.64	-0.26	-0.59	-0.11	-0.69	-0.52	-0.81	-0.79	-0.52	0.4	0.46	-0.62	-0.44	-0.35		-0.66	-0.65	-0.24	0.02	-0.51	0.19	0.51	-0.83
Total Liab	0.81	0.87	0.56	0.92	0.33	0.86	0.44	0.59	0.63	0.94	0.83	0.63	-0.28	-0.67	0.96	0.7	0.73	-0.66		0.78	0.57	0.27	0.61	-0.35	-0.54	0.77
Property Plant And Equipment Gross	0.41	0.57	0.2	0.84	-0.02	0.85	0.06	0.41	0.81	0.89	0.85	0.81	-0.6	-0.41	0.66	0.22	0.56	-0.65	0.78		0.1	0.42	0.69	-0.28	-0.82	0.77
Total Current Assets	0.88	0.52	0.56	0.42	0.9	0.22	0.43	0.7	0.06	0.38	0.37	0.06	0.54	-0.67	0.62	0.87	0.38	-0.24	0.57	0.1		0.01	-0.01	0.18	0.28	0.4
Short Term Debt	0.15	0.22	-0.49	0.44	-0.14	0.51	-0.19	-0.19	0.53	0.24	0.11	0.53	-0.37	-0.36	0.13	-0.06	0.46	0.02	0.27	0.42	0.01		0.39	-0.34	-0.38	0.22
Accounts Payable	0.27	0.35	-0.04	0.79	-0.19	0.63	-0.27	0.17	0.91	0.66	0.66	0.91	-0.63	-0.19	0.42	-0.02	0.24	-0.51	0.61	0.69	-0.01	0.39		-0.43	-0.73	0.58
Common Stock Total Equity	-0.18	-0.46	-0.12	-0.36	0.43	-0.59	-0.15	0.4	-0.32	-0.3	-0.12	-0.32	0.72	0.42	-0.3	-0.13	-0.6	0.19	-0.35	-0.28	0.18	-0.34	-0.43		0.64	-0.2
Common Stock	-0.1	-0.38	-0.03	-0.66	0.44	-0.72	0.11	0.02	-0.75	-0.66	-0.63	-0.75	0.89	0.27	-0.4	0.03	-0.43	0.51	-0.54	-0.82	0.28	-0.38	-0.73	0.64		-0.57
Other Liab	0.6	0.47	0.28	0.79	0.34	0.69	0.02	0.69	0.69	0.83	0.85	0.69	-0.35	-0.61	0.68	0.51	0.47	-0.83	0.77	0.77	0.4	0.22	0.58	-0.2	-0.57

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Signet Jewelers Account Relationship Matchups

Signet Jewelers fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	6.3B	6.2B	6.6B	6.6B	6.8B	3.4B
Short Long Term Debt Total	2.4B	1.7B	1.5B	1.3B	1.2B	752.8M
Other Current Liab	724.7M	116.8M	501.6M	638.7M	400.2M	338.7M
Total Current Liabilities	1.7B	2.0B	2.1B	2.2B	2.0B	2.1B
Total Stockholder Equity	1.8B	1.8B	2.2B	2.2B	2.8B	1.6B
Property Plant And Equipment Net	2.4B	2.0B	1.8B	1.6B	1.5B	1.6B
Net Debt	2.0B	498.8M	33.9M	163.5M	(135M)	(128.3M)
Retained Earnings	2.2B	2.2B	2.9B	3.1B	3.8B	4.0B
Cash	374.5M	1.2B	1.4B	1.2B	1.4B	1.4B
Non Current Assets Total	3.1B	2.6B	2.8B	3.1B	3.3B	3.4B
Non Currrent Assets Other	181.4M	180.4M	213.8M	272.1M	311.5M	327.1M
Cash And Short Term Investments	374.5M	1.2B	1.4B	1.2B	1.4B	1.4B
Net Receivables	45.1M	88.7M	18.3M	24.1M	18.8M	17.9M
Common Stock Shares Outstanding	51.8M	52M	63M	56.7M	54M	102.5M
Liabilities And Stockholders Equity	6.3B	6.2B	6.6B	6.6B	6.8B	3.4B
Non Current Liabilities Total	2.8B	2.3B	2.3B	2.1B	2.0B	2.1B
Inventory	2.3B	2.0B	2.1B	2.2B	1.9B	1.3B
Other Current Assets	403.5M	293.4M	233.4M	165.9M	174.3M	105.6M
Other Stockholder Equity	(739.5M)	(721.4M)	(975.5M)	(1.3B)	(1.4B)	(1.3B)
Total Liab	4.5B	4.3B	4.4B	4.4B	4.0B	4.2B
Property Plant And Equipment Gross	2.4B	2.0B	1.8B	1.6B	2.9B	3.1B
Total Current Assets	3.2B	3.6B	3.7B	3.5B	3.5B	2.4B
Accumulated Other Comprehensive Income	(293.4M)	(290.1M)	(350.5M)	(263.8M)	(264.9M)	(251.7M)
Short Term Debt	433.8M	754.6M	300M	288.2M	408M	253.4M
Accounts Payable	227.9M	812.6M	899.8M	879M	735.1M	771.9M
Other Liab	853.3M	1.1B	1.1B	1.1B	1.3B	1.3B
Net Tangible Assets	1.3B	773.3M	765.2M	419.5M	482.4M	458.3M
Other Assets	189.8M	212.2M	251.1M	308.8M	28.2M	26.8M
Long Term Debt	515.9M	146.7M	147.1M	147.4M	169.5M	161.0M
Good Will	248.8M	238M	484.6M	751.7M	754.5M	792.2M
Deferred Long Term Liab	5.2M	85.1M	168.5M	219.6M	252.5M	256.8M
Short Long Term Debt	44M	78.8M	95.6M	147.7M	169.9M	178.3M
Treasury Stock	(1.0B)	(984.9M)	(980.2M)	(1.2B)	(1.1B)	(1.0B)
Intangible Assets	263.8M	179M	314.2M	407.4M	402.8M	422.9M
Property Plant Equipment	741.9M	2.0B	1.8B	1.6B	1.9B	2.0B

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When determining whether Signet Jewelers is a strong investment it is important to analyze Signet Jewelers' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Signet Jewelers' future performance. For an informed investment choice regarding Signet Stock, refer to the following important reports:

How To Invest In Signet

Details

Is Signet Stock a good investment?

Details

What is Signet Jewelers' Net Worth?

Details

Largest Other Specialty Retail Companies

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Largest Consumer Discretionary Distribution & Retail Companies

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Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Signet Jewelers. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in gross domestic product.

For more detail on how to invest in Signet Stock please use our How to Invest in Signet Jewelers guide.

You can also try the Sign In To Macroaxis module to sign in to explore Macroaxis' wealth optimization platform and fintech modules.

Is Other Specialty Retail space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Signet Jewelers. If investors know Signet will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Signet Jewelers listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

1.138

Dividend Share

1.04

Earnings Share

8.67

Revenue Per Share

154.687

Quarterly Revenue Growth

(0.08)

The market value of Signet Jewelers is measured differently than its book value, which is the value of Signet that is recorded on the company's balance sheet. Investors also form their own opinion of Signet Jewelers' value that differs from its market value or its book value, called intrinsic value, which is Signet Jewelers' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Signet Jewelers' market value can be influenced by many factors that don't directly affect Signet Jewelers' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Signet Jewelers' value and its price as these two are different measures arrived at by different means. Investors typically determine if Signet Jewelers is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Signet Jewelers' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Signet Net Debt vs Inventory Analysis

Net Debt vs Inventory

Net Debt vs Inventory Correlation Analysis

Correlation Coefficient

Net Debt

Inventory

Signet Jewelers fundamental ratios Correlations

Signet Jewelers Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Signet Jewelers fundamental ratios Accounts

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Total Liab	+ 0.96	Non Current Liabilities Total
Non Current Liabilities Total	+ 0.94	Short Long Term Debt Total
Total Liab	+ 0.94	Non Current Assets Total
Total Liab	+ 0.92	Total Current Liabilities
Non Currrent Assets Other	+ 0.92	Non Current Assets Total

Other Liab	- 0.83	Other Stockholder Equity
Common Stock Shares Outstanding	- 0.83	Total Assets
Common Stock	- 0.82	Property Plant And Equipment Gross
Inventory	- 0.81	Common Stock Shares Outstanding
Other Stockholder Equity	- 0.81	Non Current Assets Total
Other Stockholder Equity	- 0.79	Non Currrent Assets Other