G-III Apparel Group Ltd (GIII)
Cash conversion cycle
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | 92.18 | 103.58 | 120.23 | 93.74 | 101.86 | 110.92 | 143.55 | 5.42 | 121.81 | 160.53 | 191.60 | 105.86 | 105.12 | 101.09 | 122.97 | 93.42 | 115.99 | 114.22 | 125.16 | 94.85 |
| Days of sales outstanding (DSO) | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Cash conversion cycle | days | 92.18 | 103.58 | 120.23 | 93.74 | 101.86 | 110.92 | 143.55 | 5.42 | 121.81 | 160.53 | 191.60 | 105.86 | 105.12 | 101.09 | 122.97 | 93.42 | 115.99 | 114.22 | 125.16 | 94.85 |
January 31, 2025 calculation
Cash conversion cycle = DOH + DSO – Number of days of payables
= 92.18 + — – —
= 92.18
The cash conversion cycle (CCC) of G-III Apparel Group Ltd, which represents the time it takes for the company to convert its resources invested in inventory into cash received from sales, has shown fluctuations over the analyzed periods.
From April 30, 2020, to April 30, 2021, the CCC improved from 94.85 days to 93.42 days, indicating a more efficient management of working capital. However, the CCC increased to 122.97 days by July 31, 2021, before declining again to 101.09 days by October 31, 2021.
By January 31, 2022, the CCC increased to 105.12 days, and by April 30, 2022, it rose significantly to 105.86 days, possibly signaling challenges in managing the cash conversion cycle effectively.
A more substantial increase was observed during the period ending on July 31, 2022, with the CCC soaring to 191.60 days, which could indicate potential issues in inventory management or collection of receivables.
By January 31, 2023, the CCC decreased sharply to 121.81 days, showing some progress in working capital efficiency. This trend continued, with a significant improvement by April 30, 2023, when the CCC dropped to just 5.42 days before returning to higher levels by July and October 2023.
From January 31, 2024, to January 31, 2025, G-III Apparel Group Ltd saw a consistent decline in the CCC, indicating enhanced effectiveness in managing its working capital and converting inventory to cash more efficiently.
Overall, G-III Apparel Group Ltd experienced fluctuations in its cash conversion cycle, highlighting the importance of closely monitoring working capital management to optimize cash flow and operational efficiency.
Peer comparison
Jan 31, 2025