G-III Apparel Group Ltd (GIII)

Return on assets (ROA)

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
Net income (ttm) US$ in thousands 193,566 173,636 186,508 178,734 176,168 -114,605 -181,142 -161,261 -133,863 176,486 222,057 204,906 200,593 166,805 123,305 89,161 23,545 34,191 66,404 92,499
Total assets US$ in thousands 2,483,230 2,783,610 2,696,290 2,565,400 2,681,160 2,749,330 2,662,050 49,500 2,712,400 3,290,220 3,082,350 2,718,270 2,742,530 2,728,020 2,553,590 2,398,720 3,763,600 2,469,420 2,269,810 2,798,960
ROA 7.79% 6.24% 6.92% 6.97% 6.57% -4.17% -6.80% -325.78% -4.94% 5.36% 7.20% 7.54% 7.31% 6.11% 4.83% 3.72% 0.63% 1.38% 2.93% 3.30%

January 31, 2025 calculation

ROA = Net income (ttm) ÷ Total assets
= $193,566K ÷ $2,483,230K
= 7.79%

The Return on Assets (ROA) of G-III Apparel Group Ltd has shown fluctuating trends over the past few years.

Starting from April 2020, the ROA was at 3.30%, indicating that the company generated $0.033 in profit for every dollar of assets held during that period. The ROA then decreased to 2.93% by July 2020, and further declined to 1.38% by October 2020.

However, there was a notable recovery in the company's performance as the ROA improved to 3.72% in April 2021 and further increased to 7.31% by January 2022. This significant improvement continued, with the ROA peaking at 7.54% by April 2022, indicating efficient asset utilization.

From July 2022 to October 2024, the ROA remained relatively stable, fluctuating between 5.36% and 7.79%. This stability suggests that G-III Apparel Group Ltd maintained a consistent level of profitability relative to its assets during this period.

However, there was a significant downturn in the company's performance as of April 2023, where the ROA plummeted to -325.78%. This indicates that the company faced challenges in generating profits compared to the assets it held during that period.

It is essential for stakeholders to closely monitor the ROA of G-III Apparel Group Ltd, as it reflects the company's efficiency in utilizing its assets to generate profits. Fluctuations in the ROA may signify changes in the company's operational performance and financial health, requiring further analysis to understand the underlying reasons for such variations.