G-III Apparel Group Ltd (GIII)

Fixed asset turnover

		Jan 31, 2024	Oct 31, 2023	Jul 31, 2023	Apr 30, 2023	Jan 31, 2023	Oct 31, 2022	Jul 31, 2022	Apr 30, 2022	Jan 31, 2022	Oct 31, 2021	Jul 31, 2021	Apr 30, 2021	Jan 31, 2021	Oct 31, 2020	Jul 31, 2020	Apr 30, 2020	Jan 31, 2020	Oct 31, 2019	Jul 31, 2019	Apr 30, 2019
Revenue (ttm)	US$ in thousands	3,095,622	3,186,787	3,197,977	3,143,460	3,227,155	3,126,362	3,063,452	2,941,289	2,772,283	2,545,116	2,356,287	2,170,418	2,051,682	2,280,057	2,581,896	2,928,576	3,157,069	3,169,237	3,113,817	3,094,623
Property, plant and equipment	US$ in thousands	55,084	52,032	53,791	53,157	53,742	54,185	54,421	47,274	48,805	49,948	51,425	53,298	57,064	60,973	66,627	72,918	76,023	90,830	85,548	89,848
Fixed asset turnover		56.20	61.25	59.45	59.14	60.05	57.70	56.29	62.22	56.80	50.96	45.82	40.72	35.95	37.39	38.75	40.16	41.53	34.89	36.40	34.44

January 31, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $3,095,622K ÷ $55,084K
= 56.20

The fixed asset turnover ratio of G-III Apparel Group Ltd has shown a generally upward trend over the past few periods, indicating an improvement in the company's efficiency in generating sales from its fixed assets. The ratio has fluctuated between 34.44 and 62.22, with the most recent value reported at 56.20 as of January 31, 2024.

A fixed asset turnover ratio above 1 indicates that the company is effectively using its fixed assets to generate sales. In this case, G-III Apparel Group Ltd's ratio has consistently been well above 1, reflecting the company's efficient utilization of its fixed assets to generate revenue.

The improvement in the fixed asset turnover ratio over time suggests that the company has been able to increase its revenue generation relative to its investment in fixed assets. A higher fixed asset turnover ratio is generally viewed positively by investors and lenders as it signifies operational efficiency and effective asset utilization.

Overall, the trend in G-III Apparel Group Ltd's fixed asset turnover ratio indicates an improving operational performance and efficiency in utilizing fixed assets to drive sales growth.