G-III Apparel Group Ltd (GIII)
Activity ratios
Short-term
Turnover ratios
| Jan 31, 2025 | Jan 31, 2024 | Jan 31, 2023 | Jan 31, 2022 | Jan 31, 2021 | |
|---|---|---|---|---|---|
| Inventory turnover | 3.94 | 3.57 | 3.00 | 3.47 | 3.15 |
| Receivables turnover | — | — | — | — | — |
| Payables turnover | — | — | — | — | — |
| Working capital turnover | 3.86 | 2.66 | 3.01 | 2.42 | 2.18 |
G-III Apparel Group Ltd's inventory turnover has shown a consistent improvement over the years, increasing from 3.15 in 2021 to 3.94 in 2025. This indicates that the company is managing its inventory efficiently and turning it into sales at a faster rate each year.
On the other hand, the receivables turnover ratio is not available for any of the years provided, indicating that there is no data to assess how quickly the company is collecting payments from its customers.
Similarly, the payables turnover ratio is not provided, making it challenging to evaluate how quickly the company is paying its suppliers.
In terms of working capital turnover, G-III Apparel Group Ltd has shown a fluctuating trend, with the ratio increasing from 2.18 in 2021 to 3.86 in 2025. This suggests that the company is generating more revenue relative to its working capital, which could indicate effective management of its working capital resources to support sales growth.
Overall, the inventory turnover and working capital turnover ratios highlight the company's efficiency in managing its inventory and working capital to support its sales activities, while the lack of data on receivables and payables turnover ratios limits a comprehensive assessment of the company's overall liquidity and payment cycle effectiveness.
Average number of days
| Jan 31, 2025 | Jan 31, 2024 | Jan 31, 2023 | Jan 31, 2022 | Jan 31, 2021 | ||
|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | 92.71 | 102.32 | 121.81 | 105.12 | 115.99 |
| Days of sales outstanding (DSO) | days | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — |
The Days of Inventory on Hand (DOH) ratio for G-III Apparel Group Ltd shows a decreasing trend over the past five years, indicating that the company has been managing its inventory more efficiently. In particular, the ratio decreased from 115.99 days on January 31, 2021, to 92.71 days on January 31, 2025. This suggests that the company has been selling its inventory more quickly, which could lead to improved liquidity and reduced holding costs.
On the other hand, the Days of Sales Outstanding (DSO) and Number of Days of Payables ratios are not available for the specified years (January 31, 2021, to January 31, 2025). Without this information, it is challenging to assess the efficiency of the company's accounts receivable collection and accounts payable management.
In conclusion, the decreasing trend in the Days of Inventory on Hand ratio is a positive sign for G-III Apparel Group Ltd, indicating improved inventory management efficiency. However, insights into the company's accounts receivable and accounts payable efficiency are not available in the provided data.
Long-term
| Jan 31, 2025 | Jan 31, 2024 | Jan 31, 2023 | Jan 31, 2022 | Jan 31, 2021 | |
|---|---|---|---|---|---|
| Fixed asset turnover | — | — | 60.04 | 56.69 | 8.45 |
| Total asset turnover | 1.28 | 1.16 | 1.19 | 1.01 | 0.55 |
The Fixed Asset Turnover ratio for G-III Apparel Group Ltd has significantly increased over the years, indicating that the company is generating more sales revenue relative to its investment in fixed assets. This suggests improved efficiency in utilizing its property, plant, and equipment to generate sales.
Similarly, the Total Asset Turnover ratio has also shown a positive trend, steadily increasing from 0.55 in January 31, 2021, to 1.28 in January 31, 2025. This indicates that the company's total assets are being effectively utilized to generate sales, reflecting an improvement in the overall efficiency of the company in generating revenue from its total asset base.
Both ratios suggest that G-III Apparel Group Ltd has been successful in increasing its revenue generation relative to its asset base and fixed assets, showcasing improved operational efficiency and potentially effective asset management practices.