G-III Apparel Group Ltd (GIII)
Working capital 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 current assets | US$ in thousands | 1,335,350 | 1,581,220 | 1,594,060 | 1,548,510 | 1,657,770 | 788,921 | 1,602,680 | 42,000 | 1,652,500 | 1,984,540 | 1,765,410 | 1,616,580 | 1,652,860 | 1,627,460 | 1,461,830 | 1,324,120 | 1,344,040 | 1,371,810 | 1,173,720 | 1,614,050 |
Total current liabilities | US$ in thousands | 510,490 | 600,321 | 546,405 | 408,065 | 493,628 | 602,344 | 624,012 | 16,800 | 579,069 | 643,178 | 769,386 | 451,984 | 510,805 | 547,002 | 485,541 | 347,757 | 402,002 | 482,084 | 472,420 | 406,534 |
Working capital turnover | 3.83 | 3.15 | 2.95 | 2.72 | 2.66 | 17.09 | 3.27 | 124.78 | 3.01 | 2.33 | 3.07 | 2.52 | 2.42 | 2.36 | 2.41 | 2.22 | 2.18 | 2.57 | 3.69 | 2.43 |
January 31, 2025 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $3,160,677K ÷ ($1,335,350K – $510,490K)
= 3.83
The working capital turnover ratio of G-III Apparel Group Ltd has exhibited some fluctuations over the periods provided. The ratio indicates how efficiently the company is utilizing its working capital to generate sales revenue.
Initially, in April 2020, the working capital turnover was 2.43, showing that the company generated $2.43 in revenue for every dollar of working capital. It increased to 3.69 in July 2020, signaling an improvement in efficiency. However, the ratio dropped to 2.18 in January 2021, indicating a decrease in the company's ability to generate sales from its working capital.
Throughout the following quarters, the ratio fluctuated within a range, with values such as 2.22, 2.41, and 2.36 indicating modest fluctuations in efficiency. Notably, there was a significant spike to 124.78 in April 2023, which is likely an anomaly or data error given that it deviates significantly from the other values.
In the most recent periods like January 2025, the working capital turnover ratio improved to 3.83, suggesting that the company is utilizing its working capital more effectively to drive sales. Overall, the trend in the working capital turnover ratio for G-III Apparel Group Ltd shows some variability, with periods of improvement and minor setbacks, pointing to the company's changing efficiency in converting working capital into sales.
Peer comparison
Jan 31, 2025