G-III Apparel Group Ltd (GIII)

Return on equity (ROE)

		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 stockholders’ equity	US$ in thousands	1,550,260	1,385,450	1,519,910	1,336,240	1,290,670
ROE		11.36%	-9.60%	13.20%	1.76%	11.14%

January 31, 2024 calculation

ROE = Net income ÷ Total stockholders’ equity
= $176,168K ÷ $1,550,260K
= 11.36%

G-III Apparel Group Ltd's return on equity (ROE) fluctuated over the past five years, as per the provided data. In the latest fiscal year ending Jan 31, 2024, the company's ROE stood at 11.36%, indicating a positive return for shareholders on their investments.

However, the ROE was negative in the previous fiscal year, indicating that the company incurred a loss relative to its equity.

The company experienced a significant increase in ROE in the fiscal year ending Jan 31, 2022, reaching 13.20%, showcasing an improvement in profitability and efficiency in generating returns for shareholders.

In contrast, the ROE was considerably lower in the fiscal year ending Jan 31, 2021, at only 1.76%, which might suggest a decline in profitability or inefficient use of equity.

Overall, the company's ROE has shown variation over the years, reflecting changes in profitability, asset utilization, and financial leverage. Further analysis into the underlying factors driving these fluctuations would be necessary to understand the company's performance more comprehensively.