G-III Apparel Group Ltd (GIII)

Number of days of payables

		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
Payables turnover		11.70	13.80	8.79	18.09	15.20	13.10	6.38	12.37	10.57	9.92	8.74	18.15	14.67	14.36	13.05	24.52	14.54	13.65	8.32	16.59
Number of days of payables	days	31.21	26.44	41.55	20.17	24.01	27.86	57.19	29.50	34.52	36.80	41.77	20.11	24.88	25.42	27.98	14.89	25.11	26.75	43.87	22.01

January 31, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 11.70
= 31.21

The number of days of payables for G-III Apparel Group Ltd has shown fluctuations over the past few quarters. On Jan 31, 2024, the company took approximately 31.21 days to pay its creditors, which was higher compared to the previous quarter where it took 26.44 days. This suggests that the company might be taking a little longer to settle its payables in the most recent period.

Looking back at the trend, on Apr 30, 2023, G-III Apparel Group Ltd had a relatively low number of days of payables at 20.17 days, indicating efficient management of payables during that period. However, the number of days of payables significantly increased to 57.19 days on Jul 31, 2022, implying a possible delay in settling obligations to creditors during that quarter.

Overall, for a more holistic analysis, it would be beneficial to track the trend over a longer period to identify any consistent patterns or anomalies in the company's payables management.