G-III Apparel Group Ltd (GIII)
Total asset turnover
| Jan 31, 2025 | Jan 31, 2024 | Jan 31, 2023 | Jan 31, 2022 | Jan 31, 2021 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,180,800 | 3,098,240 | 3,226,730 | 2,766,540 | 2,055,150 |
| Total assets | US$ in thousands | 2,483,230 | 2,681,160 | 2,712,400 | 2,742,530 | 3,763,600 |
| Total asset turnover | 1.28 | 1.16 | 1.19 | 1.01 | 0.55 |
January 31, 2025 calculation
Total asset turnover = Revenue ÷ Total assets
= $3,180,800K ÷ $2,483,230K
= 1.28
The total asset turnover of G-III Apparel Group Ltd has shown a positive trend over the past five years. It increased from 0.55 in January 31, 2021, to 1.28 in January 31, 2025. This indicates that the company generated $1.28 in sales revenue for every $1 of total assets held at the end of the fiscal year 2025.
The rising total asset turnover suggests an improvement in the efficiency of asset utilization, as the company is generating more sales relative to its total assets. A higher total asset turnover ratio is generally considered favorable, as it indicates that the company is effectively using its assets to generate revenue.
Overall, the increasing trend in total asset turnover for G-III Apparel Group Ltd reflects positively on the company's operational efficiency and potential for revenue generation from its asset base.
Peer comparison
Jan 31, 2025