G-III Apparel Group (G-III Apparel Group) Days Inventory : 105.08 (As of Jan. 2024)

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What is G-III Apparel Group Days Inventory?

Days Inventory is also known as Days Sales of Inventory (DSI). G-III Apparel Group's Average Total Inventories for the three months ended in Jan. 2024 was $556 Mil. G-III Apparel Group's Cost of Goods Sold for the three months ended in Jan. 2024 was $483 Mil. Hence, G-III Apparel Group's Days Inventory for the three months ended in Jan. 2024 was 105.08.

The historical rank and industry rank for G-III Apparel Group's Days Inventory or its related term are showing as below:

GIII' s Days Inventory Range Over the Past 10 Years
Min: 95.3 Med: 106.73 Max: 134.84
Current: 128.06

During the past 13 years, G-III Apparel Group's highest Days Inventory was 134.84. The lowest was 95.30. And the median was 106.73.

GIII's Days Inventory is ranked better than
50.69% of 1014 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 130.52 vs GIII: 128.06

G-III Apparel Group's Days Inventory declined from Jan. 2023 (128.25) to Jan. 2024 (105.08).

Inventory Turnover measures how fast the company turns over its inventory within a year. G-III Apparel Group's Inventory Turnover for the three months ended in Jan. 2024 was 0.87.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. G-III Apparel Group's Inventory-to-Revenue for the three months ended in Jan. 2024 was 0.73.

G-III Apparel Group Days Inventory Historical Data

The historical data trend for G-III Apparel Group's Days Inventory 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 Days Inventory Chart

G-III Apparel Group Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Days Inventory

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100.81

134.84

95.30

104.88

120.90

G-III Apparel Group Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Days Inventory	Get a 7-Day Free Trial															128.25	171.31	170.92	100.54	105.08

Competitive Comparison of G-III Apparel Group's Days Inventory

For the Apparel Manufacturing subindustry, G-III Apparel Group's Days Inventory, along with its competitors' market caps and Days Inventory 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 Days Inventory Distribution in the Manufacturing - Apparel & Accessories Industry

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

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

G-III Apparel Group Days Inventory Calculation

Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

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

	Days Inventory (A: Jan. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Jan. 2023 )	+	Total Inventories (A: Jan. 2024 ))	/	count )	/	Cost of Goods Sold (A: Jan. 2024 )	*	Days in Period
=	( (709.345	+	520.426)	/	2 )	/	1856.395	*	365
=	614.8855					/	1856.395	*	365
=	120.90

G-III Apparel Group's Days Inventory for the quarter that ended in Jan. 2024 is calculated as:

	Days Inventory (Q: Jan. 2024 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Oct. 2023 )	+	Total Inventories (Q: Jan. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jan. 2024 )	*	Days in Period
=	( (591.53	+	520.426)	/	2 )	/	482.801	*	365 / 4
=	555.978					/	482.801	*	365 / 4
=	105.08

G-III Apparel Group (NAS:GIII) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

1. Inventory Turnover measures how fast the company turns over its inventory within a year.

G-III Apparel Group's Inventory Turnover for the three months ended in Jan. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	482.801	/	555.978
	=	0.87

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

G-III Apparel Group's Inventory to Revenue for the three months ended in Jan. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	555.978	/	764.782
	=	0.73

Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

G-III Apparel Group Days Inventory Related Terms

Thank you for viewing the detailed overview of G-III Apparel Group's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.

G-III Apparel Group (G-III Apparel Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » G-III Apparel Group Ltd (NAS:GIII) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

GI4:Germany

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.

Executives

Neal Nackman	officer: Chief Financial Officer/Treas	C/O G-III APPAREL GROUP LTD, 512 SEVENTH AVENUE, NEW YORK NY 10019
Laura H Pomerantz	director
Alan Feller	director	C/O GIII APPAREL GROUP LTD, 512 SEVENTH AVE, NEW YORK NY 10018
Sammy Aaron	director, officer: Vice Chairman	C/O GIII APPAREL GROUP, 512 SEVENTH AVENUE, NEW YORK NY 10019
Andrew Yaeger	director	512 SEVENTH AVE., NEW YORK NY 10018
Joyce F Brown	director	C/O RALPH LAUREN CORPORATION, 650 MADISON AVENUE, NEW YORK NY 10022
Michael A Shaffer	director	C/O PHILLIPS-VAN HEUSEN CORPORATION, 200 MADISON AVENUE, NEW YORK NY 10016
Morris Goldfarb	director, 10 percent owner, officer: Chief Executive Officer	C/O G-III APPAREL GROUP, 345 W 37TH ST, NY NY 10018
Amigo Victor Herrero	director	C/O CHW ACQUISITION CORPORATION, 2 MANHATTANVILLE ROAD, SUITE 403, PURCHASE NY 10577
Jeffrey David Goldfarb	director, other: Dir. of Business Develop.	G-III APPAREL, 512 SEVENTH AVENUE, NEW YORK NY 10018
Patti H Ongman	director	C/O MACY'S, INC., 7 WEST SEVENTH STREET, CINCINNATI OH 45202
Lisa W Wardell	director	5900 RYLAND DRIVE, BETHESDA MD 20817
Thomas Brosig	director	C/O GIII APPAREL GROUP LTD, 512 SEVENTH AVE, NEW YORK NY 10018
Wayne S Miller	officer: Chief Operating Officer	C/O GIII APPAREL GROUP LTD, 512 SEVENTH AVE, NEW YORK NY 10018
Robert L Johnson	director	C/O RLJ COMPANIES, 3 BETHESDA METRO CENTER, SUITE 1000, BETHESDA MD 20814