G-III Apparel Group Ltd (GIII)

Days of inventory on hand (DOH)

		Jan 31, 2024	Jan 31, 2023	Jan 31, 2022	Jan 31, 2021	Jan 31, 2020
Inventory turnover		5.48	4.78	4.89	4.86	5.39
DOH	days	66.56	76.35	74.62	75.16	67.66

January 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 5.48
= 66.56

The days of inventory on hand (DOH) for G-III Apparel Group Ltd has fluctuated over the past five years. The company has demonstrated a downward trend in its DOH from 2019 to 2020, possibly indicating an improvement in inventory management efficiency during that period. However, there was a slight increase in DOH in 2021 and 2022, which suggests that the company may have experienced some challenges in managing its inventory levels during those years.

In 2023 and 2024, there was a further decrease in DOH, which could indicate enhanced inventory control and optimization strategies implemented by the company. Overall, while the trend in DOH has shown some variability, a lower number of days of inventory on hand generally indicates better inventory management practices, as it implies that inventory is being sold more quickly or managed more effectively by the company.