G-III Apparel Group Ltd (GIII)

Receivables 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
Revenue (ttm)	US$ in thousands	3,095,622	3,186,787	3,197,977	3,143,460	3,227,155	3,126,362	3,063,452	2,941,289	2,772,283	2,545,116	2,356,287	2,170,418	2,051,682	2,280,057	2,581,896	2,928,576	3,157,069	3,169,237	3,113,817	3,094,623
Receivables	US$ in thousands	562,363	863,221	519,361	494,601	674,963	881,135	488,523	573,613	605,512	844,382	385,047	509,430	492,698	720,975	276,502	421,143	530,137	899,029	464,663	478,371
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

January 31, 2024 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $3,095,622K ÷ $562,363K
= 5.50

The receivables turnover ratio for G-III Apparel Group Ltd has shown fluctuations over the past several periods. The ratio measures how efficiently the company is collecting its accounts receivable during a specific period. A higher turnover ratio typically indicates that the company is able to collect its outstanding receivables more quickly.

Looking at the trend, we see that the receivables turnover ratio has varied between 3.01 and 9.34 over the past 20 periods. The highest turnover ratio of 9.34 was observed in July 2020, indicating that the company collected its receivables almost nine and a half times during that period. This could suggest efficient management of accounts receivable during that time.

Conversely, the lowest turnover ratio of 3.01 was recorded in October 2021, indicating a slower collection of receivables during that period. A lower turnover ratio may imply that the company is struggling to collect its outstanding receivables in a timely manner.

Overall, it is essential for G-III Apparel Group Ltd to monitor its receivables turnover ratio consistently to ensure timely collection of outstanding payments, improve cash flow, and maintain healthy financial operations.