G-III Apparel Group Ltd (GIII)

Payables 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
Cost of revenue (ttm)	US$ in thousands	2,134,766	2,476,066	2,585,329	2,534,128	2,577,075	2,923,559	2,796,292	2,666,442	2,505,111	2,319,790	2,204,869	2,071,043	2,041,547	2,263,933	2,507,417	2,813,673	2,977,217	2,936,706	2,883,813	2,866,347
Payables	US$ in thousands	182,531	179,396	294,287	140,064	169,508	223,154	438,167	215,489	236,921	233,893	252,313	114,124	139,183	157,654	192,192	114,750	204,786	215,217	346,642	172,806
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

January 31, 2024 calculation

Payables turnover = Cost of revenue (ttm) ÷ Payables
= $2,134,766K ÷ $182,531K
= 11.70

The payables turnover of G-III Apparel Group Ltd has fluctuated over the past few quarters, ranging from a low of 6.38 to a high of 24.52. The payables turnover ratio indicates how efficiently the company is managing its payables and paying off its suppliers.

A high payables turnover ratio suggests that the company is paying off its suppliers quickly, which could indicate strong cash flow management or good relationships with suppliers. Conversely, a low payables turnover ratio may indicate that the company is taking longer to pay its suppliers, potentially straining relationships or indicating cash flow issues.

In the most recent period, the payables turnover ratio was 11.70, suggesting that the company is paying off its suppliers approximately 11.70 times a year. It is important to compare this ratio to industry benchmarks and historical performance of the company to gain a better understanding of its payables management efficiency. Further analysis and comparison with other financial metrics would provide a more comprehensive assessment of G-III Apparel Group Ltd's financial health and operational efficiency.