G-III Apparel Group (FRA:GI4) Receivables Turnover : 1.19 (As of Apr. 2024)

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What is G-III Apparel Group Receivables Turnover?

The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. G-III Apparel Group's Revenue for the three months ended in Apr. 2024 was €568 Mil. G-III Apparel Group's average Accounts Receivable for the three months ended in Apr. 2024 was €479 Mil. Hence, G-III Apparel Group's Receivables Turnover for the three months ended in Apr. 2024 was 1.19.

G-III Apparel Group Receivables Turnover Historical Data

The historical data trend for G-III Apparel Group's Receivables Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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G-III Apparel Group Receivables Turnover Chart

G-III Apparel Group Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Receivables Turnover

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6.21

3.83

5.20

5.16

4.98

G-III Apparel Group Quarterly Data
	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24	Apr24
Receivables Turnover	Get a 7-Day Free Trial															1.03	1.30	1.57	1.05	1.19

Competitive Comparison of G-III Apparel Group's Receivables Turnover

For the Apparel Manufacturing subindustry, G-III Apparel Group's Receivables Turnover, along with its competitors' market caps and Receivables Turnover data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

G-III Apparel Group's Receivables Turnover Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, G-III Apparel Group's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where G-III Apparel Group's Receivables Turnover falls into.

G-III Apparel Group Receivables Turnover Calculation

Receivables Turnover measures the number of times a company collects its average accounts receivable balance.

G-III Apparel Group's Receivables Turnover for the fiscal year that ended in Jan. 2024 is calculated as

	Receivables Turnover (A: Jan. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Jan. 2024 )	/ (	(Accounts Receivable (A: Jan. 2023 )	+	Accounts Receivable (A: Jan. 2024 ))	/	count )
=	2844.186	/ (	(626.366	+	516.249)	/	2 )
=	2844.186	/	571.3075
=	4.98

G-III Apparel Group's Receivables Turnover for the quarter that ended in Apr. 2024 is calculated as

	Receivables Turnover (Q: Apr. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Apr. 2024 )	/ (	(Accounts Receivable (Q: Jan. 2024 )	+	Accounts Receivable (Q: Apr. 2024 ))	/	count )
=	568.284	/ (	(516.249	+	441.009)	/	2 )
=	568.284	/	478.629
=	1.19

G-III Apparel Group (FRA:GI4) Receivables Turnover Explanation

An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.

G-III Apparel Group Receivables Turnover Related Terms

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G-III Apparel Group (FRA:GI4) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » G-III Apparel Group Ltd (FRA:GI4) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

GIII:USA

Address

512 Seventh Avenue, New York, NY, USA, 10018

Website

https://www.g-iii.com

G-III Apparel Group Ltd is a textile company. It makes a wide range of apparel, footwear, and accessories that it sells under its own brands, licensed brands, and private-label brands. G-III has a substantial portfolio for licensed and proprietary brands, anchored by five global power brands: DKNY, Donna Karan, Calvin Klein, Tommy Hilfiger, and Karl Lagerfeld. The company has two reportable operations: Wholesale Operations and Retail Operations. The Wholesale operations segment includes sales of products under brands licensed by us from third parties, as well as sales of products under its own brands and private label brands. The retail operations segment consists primarily of Wilsons Leather, G.H. Bass, and DKNY retail stores. It derives most of its revenues from Wholesale operations.

G-III Apparel Group (FRA:GI4) Headlines

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