G-III Apparel Group Ltd (GIII)

Total asset turnover

		Jan 31, 2025	Oct 31, 2024	Jul 31, 2024	Apr 30, 2024	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
Revenue (ttm)	US$ in thousands	3,160,677	3,085,924	3,086,394	3,101,400	3,098,242	3,187,888	3,199,078	3,144,561	3,226,729	3,120,456	3,057,546	2,935,383	2,766,536	2,544,623	2,355,794	2,169,925	2,055,146	2,283,521	2,585,360	2,932,040
Total assets	US$ in thousands	2,483,230	2,783,610	2,696,290	2,565,400	2,681,160	2,749,330	2,662,050	49,500	2,712,400	3,290,220	3,082,350	2,718,270	2,742,530	2,728,020	2,553,590	2,398,720	3,763,600	2,469,420	2,269,810	2,798,960
Total asset turnover		1.27	1.11	1.14	1.21	1.16	1.16	1.20	63.53	1.19	0.95	0.99	1.08	1.01	0.93	0.92	0.90	0.55	0.92	1.14	1.05

January 31, 2025 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $3,160,677K ÷ $2,483,230K
= 1.27

The total asset turnover of G-III Apparel Group Ltd has fluctuated over the past few years, ranging from as low as 0.55 to as high as 63.53. This metric measures how efficiently the company is generating sales from its total assets.

From January 2023 to April 2023, the total asset turnover experienced a significant anomaly with a spike to 63.53, which is most likely a data irregularity or outlier that should be investigated further.

Looking at the trend from January 2023 to January 2025, there seems to be an overall improvement and stability in total asset turnover, gradually increasing from 1.19 to 1.27. This implies that the company is effectively utilizing its assets to generate revenue.

The ratio exceeding 1 indicates that for every dollar of assets owned, the company is generating more than a dollar in sales, which is generally a positive sign of efficiency in asset utilization. However, it is essential to consider other factors and ratios in conjunction with total asset turnover to gain a comprehensive understanding of the company's financial performance.