G-III Apparel Group Ltd (GIII)
Days of inventory on hand (DOH)
| 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 | |
| DOH | days | 92.71 | 102.32 | 121.81 | 105.12 | 115.99 |
January 31, 2025 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.94
= 92.71
Based on the data provided, G-III Apparel Group Ltd's Days of Inventory on Hand (DOH) has shown fluctuations over the past five years. In January 2021, the company had an inventory on hand for an average of 115.99 days, which decreased to 105.12 days in January 2022. However, the DOH increased to 121.81 days in January 2023, before dropping significantly to 102.32 days in January 2024. The most recent data for January 31, 2025, indicates a further decrease to 92.71 days.
The decreasing trend in the Days of Inventory on Hand from 2021 to 2025 suggests that the company has been managing its inventory more efficiently and effectively over the years. A lower DOH indicates that the company is turning over its inventory faster, which can lead to reduced carrying costs and improved cash flow. However, it is essential for G-III Apparel Group Ltd to strike a balance in managing its inventory levels to ensure it meets customer demand while avoiding stockouts or excess inventory.
Overall, the decreasing trend in Days of Inventory on Hand for G-III Apparel Group Ltd signifies potential improvements in inventory management practices, which can positively impact the company's operational efficiency and financial performance in the long run.
Peer comparison
Jan 31, 2025