G-III Apparel Group Ltd (GIII)

Pretax 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
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	242,027	-101,429	-199,200	-172,302	-136,849	227,158	295,406	274,522	271,468	230,300	175,002	127,923	35,635	38,285	77,732	111,797	182,098	190,969	187,816	185,418
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
Pretax margin		7.82%	-3.18%	-6.23%	-5.48%	-4.24%	7.27%	9.64%	9.33%	9.79%	9.05%	7.43%	5.89%	1.74%	1.68%	3.01%	3.82%	5.77%	6.03%	6.03%	5.99%

January 31, 2024 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $242,027K ÷ $3,095,622K
= 7.82%

The pretax margin of G-III Apparel Group Ltd has fluctuated over the past several quarters. In the most recent quarter, ending Jan 31, 2024, the pretax margin was 7.82%, indicating that the company generated a pre-tax profit of approximately 7.82 cents for every dollar of revenue. This reflects a significant improvement compared to the previous quarter, where the pretax margin was -3.18%, indicating a loss before taxes.

Looking at the trend over the past few quarters, the pretax margin has been somewhat volatile, with positive margins in some quarters and negative margins in others. The highest pretax margin in recent history was seen in Apr 30, 2022, at 9.79%, while the lowest was in Jul 31, 2023, at -6.23%.

Overall, the trend in pretax margins shows some inconsistency in the company's ability to generate profits before taxes. It suggests that G-III Apparel Group Ltd may be facing challenges in managing its expenses and maximizing its profitability, as evidenced by the fluctuations in pretax margins. Continued monitoring of this metric will be important to assess the company's financial performance and stability.