G-III Apparel Group Ltd (GIII)
Activity ratios
Short-term
Turnover ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 4.10 | 4.19 | 3.21 | 4.02 | 3.63 | 3.24 | 2.69 | 4.85 | 4.89 | 5.17 | 4.42 | 5.97 | 4.90 | 4.90 | 4.36 | 5.62 | 5.39 | 4.51 | 3.42 | 5.32 |
| Receivables turnover | 5.50 | 3.69 | 6.16 | 6.36 | 4.78 | 3.55 | 6.27 | 5.13 | 4.58 | 3.01 | 6.12 | 4.26 | 4.16 | 3.16 | 9.34 | 6.95 | 5.96 | 3.53 | 6.70 | 6.47 |
| 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 |
| Working capital turnover | 2.65 | 2.87 | 3.27 | 3.20 | 3.01 | 2.33 | 3.08 | 2.53 | 2.43 | 2.36 | 2.41 | 2.22 | 2.18 | 2.56 | 3.68 | 2.43 | 4.18 | 3.26 | 4.12 | 4.90 |
Inventory Turnover: G-III Apparel Group Ltd's inventory turnover has ranged between 2.69 and 5.97 over the past two years, indicating how efficiently the company manages its inventory. The trend shows some variation, with a peak in Jan 2021 and a slight decline since then. Overall, the company is turning over its inventory approximately 4 times a year.
Receivables Turnover: The receivables turnover for G-III Apparel Group Ltd has varied significantly, from 3.01 to 9.34, during the same period. This ratio indicates how quickly the company collects its accounts receivables. The trend shows fluctuations, peaking in Jul 2020 and Jan 2022. Generally, the company collects its receivables on average once every 4-5 months.
Payables Turnover: The payables turnover for G-III Apparel Group Ltd has varied between 6.38 and 24.52 over the past two years. This ratio demonstrates how quickly the company pays its suppliers. The trend shows some variability, with a peak in Apr 2020 and fluctuations since then. On average, the company pays its suppliers approximately every 11-14 days.
Working Capital Turnover: G-III Apparel Group Ltd's working capital turnover has ranged from 2.18 to 4.90 over the past two years. This ratio indicates how efficiently the company is using its working capital to generate sales revenue. The trend shows some variability, with peaks in Apr 2020 and Jul 2020. On average, the company generates sales revenue equivalent to its working capital approximately 2-4 times a year.
Average number of days
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | 88.98 | 87.20 | 113.63 | 90.79 | 100.47 | 112.49 | 135.86 | 75.30 | 74.62 | 70.65 | 82.66 | 61.10 | 74.46 | 74.45 | 83.67 | 64.92 | 67.66 | 80.87 | 106.59 | 68.63 |
| Days of sales outstanding (DSO) | days | 66.31 | 98.87 | 59.28 | 57.43 | 76.34 | 102.87 | 58.21 | 71.18 | 79.72 | 121.09 | 59.65 | 85.67 | 87.65 | 115.42 | 39.09 | 52.49 | 61.29 | 103.54 | 54.47 | 56.42 |
| 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 |
Days of inventory on hand (DOH) indicates how many days on average it takes for the company to sell its inventory. A higher number of days may imply inefficiency in managing inventory levels or slow-moving inventory.
Days of sales outstanding (DSO) shows the average number of days it takes for the company to collect payments from its customers. A higher DSO could suggest potential issues with credit policies or difficulties in collecting receivables.
The number of days of payables demonstrates how long a company takes to pay its suppliers. A lower number of days may indicate strong bargaining power with suppliers or efficient payables management.
Analyzing these activity ratios for G-III Apparel Group Ltd, it seems that the company has fluctuating performance in inventory management, with the DOH ranging from around 60 to over 130 days. This variability could be due to changes in demand, production inefficiencies, or supply chain disruptions.
In terms of receivables management, the DSO also exhibits significant variation, indicating challenges in consistent collections from customers. This could be a result of credit terms offered, customer payment behavior, or the company's sales strategy.
The number of days of payables is relatively stable, but there are fluctuations observed over time. Maintaining a balance between paying suppliers promptly and optimizing cash flow is crucial for the company's financial health.
Overall, G-III Apparel Group Ltd might benefit from focusing on improving inventory turnover, tightening credit policies to reduce DSO, and optimizing payables to enhance working capital management and operational efficiency.
Long-term
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Total asset turnover | 1.15 | 1.16 | 1.20 | 1.23 | 1.19 | 0.95 | 0.99 | 1.08 | 1.01 | 0.93 | 0.92 | 0.90 | 0.84 | 0.92 | 1.14 | 1.05 | 1.23 | 1.08 | 1.15 | 1.26 |
The fixed asset turnover ratio for G-III Apparel Group Ltd has been relatively stable over the past few periods, ranging from 35.95 to 62.22. This ratio indicates how efficiently the company is utilizing its fixed assets to generate revenue. A higher ratio suggests that the company is generating more sales from its investment in fixed assets.
On the other hand, the total asset turnover ratio has shown more variability, fluctuating between 0.84 and 1.26. This ratio measures the company's overall efficiency in using its total assets to generate revenue. A higher total asset turnover ratio indicates that the company is generating more sales relative to the total assets it holds.
Overall, the fixed asset turnover ratio indicates that G-III Apparel Group Ltd has been consistently efficient in utilizing its fixed assets to generate revenue. However, the total asset turnover ratio shows more variability, suggesting fluctuations in the company's overall efficiency in generating sales relative to its total assets. It's essential for the company to continue monitoring and improving these ratios to ensure optimal asset utilization and revenue generation.