G-III Apparel Group Ltd (GIII)
Total asset turnover
| Jan 31, 2024 | Jan 31, 2023 | Jan 31, 2022 | Jan 31, 2021 | Jan 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,092,530 | 3,227,190 | 2,774,520 | 2,048,160 | 3,150,670 |
| Total assets | US$ in thousands | 2,681,160 | 2,712,400 | 2,742,530 | 2,436,390 | 2,565,140 |
| Total asset turnover | 1.15 | 1.19 | 1.01 | 0.84 | 1.23 |
January 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $3,092,530K ÷ $2,681,160K
= 1.15
The total asset turnover ratio measures the efficiency of G-III Apparel Group Ltd in generating sales revenue from its total assets. A higher total asset turnover ratio indicates that the company is effectively utilizing its assets to generate revenue.
Analyzing the trend of G-III Apparel Group Ltd's total asset turnover ratio from 2020 to 2024, we observe fluctuations in the ratio. The ratio was at its lowest in 2021 at 0.84, indicating that the company was less efficient in generating sales from its total assets during that period. However, in the following years, the ratio showed an improvement, reaching its peak in 2023 at 1.19 and remaining relatively stable in 2024 at 1.15.
Overall, the increasing trend in total asset turnover from 2021 to 2023 suggests that G-III Apparel Group Ltd became more efficient in utilizing its assets to generate revenue during those years. However, the slight dip in the ratio in 2024 may indicate a potential decrease in asset efficiency compared to the previous year. Further analysis and comparison with industry benchmarks may provide more insights into the company's asset management efficiency.
Peer comparison
Jan 31, 2024