G-III Apparel Group Ltd (GIII)

Inventory turnover

		Jan 31, 2025	Jan 31, 2024	Jan 31, 2023	Jan 31, 2022	Jan 31, 2021
Cost of revenue	US$ in thousands	1,882,270	1,856,400	2,125,590	1,778,350	1,310,700
Inventory	US$ in thousands	478,086	520,426	709,345	512,155	416,503
Inventory turnover		3.94	3.57	3.00	3.47	3.15

January 31, 2025 calculation

Inventory turnover = Cost of revenue ÷ Inventory
= $1,882,270K ÷ $478,086K
= 3.94

Based on the data provided for G-III Apparel Group Ltd's inventory turnover over a period of five years, we observe the following trend:

- In January 31, 2021, the inventory turnover was 3.15, indicating that the company's inventory turnover rate was relatively stable.
- Subsequently, the inventory turnover increased to 3.47 by January 31, 2022, suggesting a more efficient management of inventory during this period.
- However, by January 31, 2023, the inventory turnover decreased slightly to 3.00, indicating a potential challenge in managing inventory or a slower sales turnover.
- The trend reversed again as by January 31, 2024, the inventory turnover improved to 3.57, showing a better utilization of inventory.
- Finally, by January 31, 2025, the inventory turnover further increased to 3.94, indicating that the company has been able to optimize its inventory management more effectively over time.

Overall, the fluctuation in the inventory turnover of G-III Apparel Group Ltd over the years suggests an ongoing effort to balance inventory levels with sales demand. The increasing trend in recent years indicates a positive direction in managing inventory efficiently to support the company's operational activities.