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.