G-III Apparel Group Ltd (GIII)

Return on assets (ROA)

		Jan 31, 2024	Jan 31, 2023	Jan 31, 2022	Jan 31, 2021	Jan 31, 2020
Net income	US$ in thousands	176,168	-133,061	200,593	23,545	143,837
Total assets	US$ in thousands	2,681,160	2,712,400	2,742,530	2,436,390	2,565,140
ROA		6.57%	-4.91%	7.31%	0.97%	5.61%

January 31, 2024 calculation

ROA = Net income ÷ Total assets
= $176,168K ÷ $2,681,160K
= 6.57%

The return on assets (ROA) of G-III Apparel Group Ltd has shown fluctuating trends over the past five years. In January 2024, the company reported an ROA of 6.57%, indicating that for every dollar of assets, the company generated a profit of 6.57 cents. This suggests improved efficiency in asset utilization compared to the previous year, where the ROA was negative at -4.91%.

In the fiscal year ending January 2023, the company experienced a significant decline in ROA, which may have been a result of inefficient asset management or lower profitability. The following year saw a notable increase in ROA to 7.31%, indicating improved profitability relative to the year before.

The ROA for January 31, 2021, was reported at 0.97%, suggesting a lower return on assets compared to the previous year. However, in January 2020, the company's ROA stood at 5.61%, reflecting a relatively strong performance in asset utilization and profitability.

Overall, the volatility in G-III Apparel Group Ltd's ROA over the past five years indicates fluctuations in the company's ability to generate profits from its assets. It is essential for the company to focus on maintaining consistent and sustainable profitability levels to ensure efficient asset utilization and maximization of shareholder value.