G-III Apparel Group Ltd (GIII)

Return on equity (ROE)

		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 stockholders’ equity	US$ in thousands	1,550,260	1,503,220	1,382,120	1,380,450	1,385,450	1,622,260	1,584,000	1,558,290	1,519,910	1,486,240	1,380,610	1,357,880	1,336,240	1,310,270	1,237,750	1,246,230	1,290,670	1,260,300	1,167,820	1,186,830
ROE		11.36%	-7.57%	-13.05%	-11.62%	-9.60%	10.88%	14.02%	13.15%	13.20%	11.22%	8.93%	6.57%	1.76%	2.61%	5.36%	7.42%	11.14%	11.32%	12.10%	11.82%

January 31, 2024 calculation

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

The return on equity (ROE) for G-III Apparel Group Ltd has fluctuated over the past several quarters.

In the most recent quarter, the ROE was 11.36%, indicating a decent return generated for shareholders relative to their equity investment. However, the ROE was negative in the previous quarter at -7.57%, which suggests that the company was not profitable and generated a loss relative to the shareholders' equity.

Looking further back, the ROE had also been negative in preceding quarters, with the lowest recorded at -13.05% in July 2023. This indicates a period of poor performance in terms of generating returns for shareholders.

Prior to the recent challenges, the company had achieved positive ROE figures, with the highest recorded at 14.02% in July 2022. This suggests strong profitability and efficiency in utilizing equity to generate earnings for shareholders.

Overall, the company's ROE has shown volatility in performance, with periods of positive and negative returns. It is essential for investors to monitor the trend in ROE over time to assess the company's ability to generate profits relative to shareholders' equity.