G-III Apparel Group Ltd (GIII)

Total asset 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
Total assets	US$ in thousands	2,681,160	2,749,330	2,662,050	2,554,480	2,712,400	3,290,220	3,082,350	2,718,270	2,742,530	2,728,020	2,553,590	2,398,720	2,436,390	2,469,420	2,269,810	2,798,960	2,565,140	2,928,610	2,712,440	2,446,540
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

January 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $3,095,622K ÷ $2,681,160K
= 1.15

The total asset turnover ratio measures the efficiency of a company 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 sales.

Looking at the historical data of G-III Apparel Group Ltd, we observe fluctuations in the total asset turnover ratio over the past few quarters. The ratio has ranged from 0.84 to 1.26 with an average of approximately 1.06 during the period.

In the most recent period, as of January 31, 2024, the total asset turnover ratio stands at 1.15, indicating that the company generated $1.15 in sales for every dollar of assets it holds. This ratio has been relatively stable in the range of 1.08 to 1.23 over the past few quarters, suggesting consistent efficiency in asset utilization.

Overall, G-III Apparel Group Ltd has shown a moderate level of efficiency in generating sales from its assets, with the total asset turnover ratio fluctuating within a reasonable range over the observed period.