G-III Apparel Group Ltd (GIII)

Gross profit margin

		Jan 31, 2024	Jan 31, 2023	Jan 31, 2022	Jan 31, 2021	Jan 31, 2020
Gross profit	US$ in thousands	1,241,850	1,101,140	988,189	744,442	1,117,940
Revenue	US$ in thousands	3,092,530	3,227,190	2,774,520	2,048,160	3,150,670
Gross profit margin		40.16%	34.12%	35.62%	36.35%	35.48%

January 31, 2024 calculation

Gross profit margin = Gross profit ÷ Revenue
= $1,241,850K ÷ $3,092,530K
= 40.16%

The gross profit margin of G-III Apparel Group Ltd has shown fluctuating trends over the past five years. In the fiscal year ending January 31, 2024, the company achieved a gross profit margin of 40.16%, representing a significant improvement from the previous year's margin of 34.12%. This increase indicates that the company was able to effectively manage its production costs and generate more revenue from its sales.

Comparing the latest gross profit margin to the margins from the previous years, it is evident that G-III Apparel Group Ltd has been able to enhance its profitability through better cost control and pricing strategies. The margins for the fiscal years ending January 31, 2022, and January 31, 2021, were 35.62% and 36.35% respectively, showing a slight decline from the most recent figure.

However, despite these fluctuations, the company has generally maintained a gross profit margin above 35% over the past five years, indicating a reasonably healthy level of profitability in relation to its cost of goods sold. This consistency suggests that G-III Apparel Group Ltd has been able to effectively manage its production and sales processes to maintain a relatively stable level of profitability over the years.

Overall, the recent improvement in the gross profit margin of G-III Apparel Group Ltd signals positive performance in terms of cost efficiency and revenue generation, which bodes well for the company's financial health and future growth prospects.