G-III Apparel Group Ltd (GIII)

Pretax margin

		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
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	269,859	240,603	255,819	244,370	240,599	-102,788	-200,556	-173,710	-138,170	226,353	294,656	273,964	270,976	230,115	175,049	128,072	35,726	38,355	77,772	111,797
Revenue (ttm)	US$ in thousands	3,160,677	3,085,924	3,086,394	3,101,400	3,098,242	3,187,888	3,199,078	3,144,561	3,226,729	3,120,456	3,057,546	2,935,383	2,766,536	2,544,623	2,355,794	2,169,925	2,055,146	2,283,521	2,585,360	2,932,040
Pretax margin		8.54%	7.80%	8.29%	7.88%	7.77%	-3.22%	-6.27%	-5.52%	-4.28%	7.25%	9.64%	9.33%	9.79%	9.04%	7.43%	5.90%	1.74%	1.68%	3.01%	3.81%

January 31, 2025 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $269,859K ÷ $3,160,677K
= 8.54%

The pretax margin of G-III Apparel Group Ltd has shown fluctuations over the years based on the provided data. It started at 3.81% as of April 30, 2020, dipped to 1.68% by October 31, 2020, and then gradually increased to reach a peak of 9.79% by January 31, 2022.

After hitting its peak, the pretax margin fluctuated but generally remained at a relatively healthy level, with some quarters showing margins in the range of 7-9%. However, there were two periods where the pretax margin turned negative, specifically from January 31, 2023, to October 31, 2023, highlighting potential profitability challenges during that time.

By January 31, 2025, the pretax margin had improved to 8.54%, indicating a recovery in profitability. Overall, the trend in the pretax margin of G-III Apparel Group Ltd demonstrates both positive and challenging periods, emphasizing the importance of consistent monitoring and management of operating expenses relative to revenues.