G-III Apparel Group Ltd (GIII)

Return on assets (ROA)

		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
Net income (ttm)	US$ in thousands	176,168	-113,803	-180,340	-160,459	-133,061	176,486	222,057	204,906	200,593	166,805	123,305	89,161	23,545	34,191	66,404	92,499	143,837	142,629	141,267	140,225
Total assets	US$ in thousands	2,681,160	2,749,330	2,662,050	2,554,480	2,712,400	3,290,220	3,082,350	2,718,270	2,742,530	2,728,020	2,553,590	2,398,720	2,436,390	2,469,420	2,269,810	2,798,960	2,565,140	2,928,610	2,712,440	2,446,540
ROA		6.57%	-4.14%	-6.77%	-6.28%	-4.91%	5.36%	7.20%	7.54%	7.31%	6.11%	4.83%	3.72%	0.97%	1.38%	2.93%	3.30%	5.61%	4.87%	5.21%	5.73%

January 31, 2024 calculation

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

G-III Apparel Group Ltd's return on assets (ROA) has shown significant variation over the past few quarters, ranging from negative figures to positive percentages. The trend indicates that the company's ability to generate profit from its assets has fluctuated.

In the most recent quarter, as of January 31, 2024, the ROA was 6.57%, signaling a positive performance and suggesting that the company is efficiently utilizing its assets to generate earnings. However, in the preceding quarter in October 2023, the ROA was notably negative at -4.14%, indicating a period of underperformance and potential inefficiencies in asset utilization.

The ROA for G-III Apparel Group Ltd in recent history has been mixed, with some quarters displaying robust performance, such as the 7.54% ROA in April 2022 and the 7.31% ROA in January 2022. Conversely, there have been periods of lower ROA, such as the negative ROA figures in several quarters throughout 2023.

Overall, the company's ROA trend suggests fluctuations in profitability relative to its asset base. Investors and stakeholders may need to closely monitor the company's asset management strategies and financial performance to assess its long-term sustainability and profitability.