G-III Apparel Group Ltd (GIII)
Fixed asset turnover
| Jan 31, 2025 | Jan 31, 2024 | Jan 31, 2023 | Jan 31, 2022 | Jan 31, 2021 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,180,800 | 3,098,240 | 3,226,730 | 2,766,540 | 2,055,150 |
| Property, plant and equipment | US$ in thousands | — | — | 53,742 | 48,805 | 243,134 |
| Fixed asset turnover | — | — | 60.04 | 56.69 | 8.45 |
January 31, 2025 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $3,180,800K ÷ $—K
= —
The fixed asset turnover ratio measures how efficiently a company is utilizing its fixed assets to generate revenue. Looking at G-III Apparel Group Ltd's fixed asset turnover over the past few years, there has been a significant increase from 2021 to 2023, with the ratio improving from 8.45 to 60.04. This suggests that the company has been able to generate more revenue relative to its investment in fixed assets during this period.
However, it is worth noting that for 2024 and 2025, the data is unavailable (indicated by "—"). This lack of data makes it challenging to assess the company's fixed asset turnover performance in those years.
Overall, the trend of increasing fixed asset turnover from 2021 to 2023 is a positive sign of improved efficiency in utilizing fixed assets to generate revenue. It would be beneficial to monitor future data to observe if this trend continues and to understand the reasons behind any fluctuations in the ratio.
Peer comparison
Jan 31, 2025