G-III Apparel Group Ltd (GIII)

Liquidity ratios

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
Current ratio 2.62 2.63 2.92 3.79 3.36 1.31 2.57 2.50 2.85 3.09 2.29 3.58 3.24 2.98 3.01 3.81 3.34 2.85 2.48 3.97
Quick ratio 0.36 0.17 0.76 1.25 1.03 0.33 0.32 0.04 0.33 0.23 0.20 0.97 0.91 0.51 1.18 1.31 1.03 0.44 0.54 1.52
Cash ratio 0.36 0.17 0.76 1.25 1.03 0.33 0.32 0.04 0.33 0.23 0.20 0.97 0.91 0.51 1.18 1.31 1.03 0.44 0.54 1.52

The current ratio of G-III Apparel Group Ltd has been fluctuating over the years, indicating a varying ability to cover its short-term obligations with its current assets. The ratio stood between 1.31 and 3.97 from April 2020 to April 2024. However, by January 2025, it decreased to 2.62, which could suggest a potential liquidity concern.

The quick ratio, which provides a more conservative measure of liquidity by excluding inventories from current assets, also exhibited fluctuations for G-III Apparel Group Ltd. Ranging from 0.04 to 1.31 between April 2020 and April 2024, the quick ratio implies a company's ability to meet short-term obligations without relying on inventory sales. The ratio dropped to 0.36 as of January 2025, indicating a decreased ability to cover immediate liabilities with highly liquid assets.

Furthermore, the cash ratio for G-III Apparel Group Ltd showed a similar pattern of fluctuations, ranging from 0.04 to 1.31 between April 2020 and April 2024. By January 2025, the cash ratio stood at 0.36, suggesting a company's capacity to cover short-term obligations solely with cash and cash equivalents.

Overall, the liquidity ratios of G-III Apparel Group Ltd indicate varying levels of short-term solvency over the analyzed period, with the current ratio generally above 1, showcasing the company's ability to meet its short-term obligations with its current assets. However, the decreasing trend in the quick and cash ratios towards January 2025 may raise concerns about the company's liquidity position in the future.


Additional liquidity measure

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
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

The cash conversion cycle of G-III Apparel Group Ltd fluctuated over the periods indicated. From April 30, 2020, to July 31, 2020, the cycle increased significantly from 94.85 days to 125.16 days. It then decreased to 114.22 days by October 31, 2020, rose to 115.99 days by January 31, 2021, and dipped again to 93.42 days by April 30, 2021. The cycle increased again by July 31, 2021, to 122.97 days and decreased to 101.09 days by October 31, 2021. It slightly increased by January 31, 2022, to 105.12 days and stayed relatively stable around the 100-day mark for the subsequent periods until July 31, 2022, where it sharply increased to 191.60 days. This significant increase was followed by a decrease to 160.53 days by October 31, 2022 and further to 121.81 days by January 31, 2023. The cycle then exhibited a drastic reduction to 5.42 days by April 30, 2023, before increasing to 143.55 days by July 31, 2023. It reduced to 110.92 days by October 31, 2023, and continued to decrease to 101.86 days by January 31, 2024. The cycle then stayed relatively stable around 90-120 days for the subsequent periods, showing slight fluctuations. Overall, the cash conversion cycle of G-III Apparel Group Ltd has demonstrated variability over the years, with noticeable fluctuations in some periods potentially indicating changing efficiencies in managing cash, inventory, and receivables.