G-III Apparel Group Ltd (GIII)

Days of sales outstanding (DSO)

		Jan 31, 2024	Jan 31, 2023	Jan 31, 2022	Jan 31, 2021	Jan 31, 2020
Receivables turnover		5.50	4.78	4.58	4.16	5.94
DSO	days	66.37	76.34	79.66	87.80	61.42

January 31, 2024 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 5.50
= 66.37

The days of sales outstanding (DSO) for G-III Apparel Group Ltd have shown some fluctuations over the past five years.

In the most recent fiscal year ending on January 31, 2024, the DSO stands at 66.37 days, representing an improvement from the previous year's figure of 76.34 days. This indicates that the company is collecting its accounts receivable more efficiently in the current period compared to the prior year.

Looking back over the last five years, we observe a general trend of decreasing DSO from 87.80 days in January 2021 to 61.42 days in January 2020. This suggests that G-III Apparel Group Ltd has been enhancing its collections processes and managing its receivables more effectively during this period.

Overall, the downward trend in DSO indicates that the company has been successful in accelerating its cash collection cycle and improving its working capital management efficiency. However, it is important to monitor DSO closely in future periods to ensure that the trend continues and to identify any potential challenges in collecting receivables promptly.