G-III Apparel Group Ltd (GIII)

Gross profit margin

		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	Jan 31, 2020	Oct 31, 2019	Jul 31, 2019	Apr 30, 2019
Gross profit (ttm)	US$ in thousands	1,241,848	1,241,412	1,152,626	1,104,899	1,101,137	1,071,924	1,074,807	1,038,759	988,189	923,450	873,695	815,510	744,442	807,937	909,201	1,006,277	1,117,940	1,125,790	1,108,871	1,108,646
Revenue (ttm)	US$ in thousands	3,095,622	3,186,787	3,197,977	3,143,460	3,227,155	3,126,362	3,063,452	2,941,289	2,772,283	2,545,116	2,356,287	2,170,418	2,051,682	2,280,057	2,581,896	2,928,576	3,157,069	3,169,237	3,113,817	3,094,623
Gross profit margin		40.12%	38.95%	36.04%	35.15%	34.12%	34.29%	35.08%	35.32%	35.65%	36.28%	37.08%	37.57%	36.28%	35.43%	35.21%	34.36%	35.41%	35.52%	35.61%	35.82%

January 31, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,241,848K ÷ $3,095,622K
= 40.12%

The gross profit margin of G-III Apparel Group Ltd has shown varying trends over the past several quarters. There was a gradual increase in the gross profit margin from April 2020 to July 2021, reaching a peak of 37.57%. However, since then, the gross profit margin has experienced fluctuations, with some quarters showing a slight decline. The latest data as of January 31, 2024, indicates a gross profit margin of 40.12%, reflecting an improvement compared to previous periods. Overall, the company has managed to maintain relatively healthy gross profit margins above 30%, which signifies its ability to generate profits from its core business operations.