G-III Apparel Group Ltd (GIII)

Pretax margin

		Jan 31, 2024	Jan 31, 2023	Jan 31, 2022	Jan 31, 2021	Jan 31, 2020
Earnings before tax but after interest (EBT)	US$ in thousands	242,027	-136,849	271,468	35,748	182,098
Revenue	US$ in thousands	3,092,530	3,227,190	2,774,520	2,048,160	3,150,670
Pretax margin		7.83%	-4.24%	9.78%	1.75%	5.78%

January 31, 2024 calculation

Pretax margin = EBT ÷ Revenue
= $242,027K ÷ $3,092,530K
= 7.83%

The pretax margin of G-III Apparel Group Ltd has exhibited variability over the past five years. For the fiscal year ending January 31, 2024, the company's pretax margin was 7.83%, representing a positive performance compared to the previous year. In contrast, the pretax margin was negative in the fiscal year ending January 31, 2023, at -4.24%, indicating that the company incurred losses before accounting for taxes.

The pretax margin improved significantly in the fiscal year ending January 31, 2022, reaching 9.78%, signaling increased profitability before taxes. In the two preceding years, the pretax margins were at 1.75% and 5.78% for the fiscal years ending January 31, 2021 and January 31, 2020, respectively.

Overall, the trend in pretax margin for G-III Apparel Group Ltd has shown fluctuations, with some years reflecting strong profitability levels and others indicating challenges. This metric is essential for evaluating the company's operational efficiency and cost management strategies, providing insights into its ability to generate profits before tax expenses.