G-III Apparel Group Ltd (GIII)

Number of days of payables

		Jan 31, 2024	Jan 31, 2023	Jan 31, 2022	Jan 31, 2021	Jan 31, 2020
Payables turnover		15.64	20.01	10.57	14.53	14.54
Number of days of payables	days	23.34	18.25	34.52	25.12	25.11

January 31, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 15.64
= 23.34

The number of days of payables for G-III Apparel Group Ltd has fluctuated over the past five years. As of January 31, 2024, the company took, on average, around 23.34 days to pay its suppliers, which is higher compared to the previous year where it took 18.25 days. In January 2022, the number of days of payables was significantly higher at 34.52 days, indicating a potential delay in payment to suppliers. However, in the preceding years, the company maintained a relatively consistent range of around 25 days to settle its payables. The trend over the past five years suggests some variability in the company's payment practices, which may reflect changes in its working capital management or supplier relationships. Further analysis of underlying factors influencing the payables turnover ratio could provide additional insights into the company's financial performance and operational efficiency.