G-III Apparel Group Ltd (GIII)

Operating return on assets (Operating ROA)

		Jan 31, 2024	Jan 31, 2023	Jan 31, 2022	Jan 31, 2021	Jan 31, 2020
Operating income	US$ in thousands	283,343	-109,462	311,093	82,842	227,654
Total assets	US$ in thousands	2,681,160	2,712,400	2,742,530	2,436,390	2,565,140
Operating ROA		10.57%	-4.04%	11.34%	3.40%	8.87%

January 31, 2024 calculation

Operating ROA = Operating income ÷ Total assets
= $283,343K ÷ $2,681,160K
= 10.57%

G-III Apparel Group Ltd's operating return on assets (operating ROA) has shown fluctuation over the past five years, with the highest recorded in January 2022 at 11.34% and the lowest in January 2023 at -4.04%. The upward trend from 3.40% in January 2021 to 10.57% in January 2024 indicates an improvement in the company's ability to generate operating profits relative to its total assets. This suggests that the company has become more efficient in utilizing its assets to generate operating income. However, the negative value in 2023 indicates that the company's operating income was insufficient to cover its total assets during that period. Overall, the positive trend in operating ROA indicates a positive performance in recent years, but it is important to monitor future trends to ensure continued profitability and efficiency in asset utilization.