G-III Apparel Group (G-III Apparel Group) Change In Receivables : $117 Mil (TTM As of Jan. 2024)

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What is G-III Apparel Group Change In Receivables?

G-III Apparel Group's change in receivables for the quarter that ended in Jan. 2024 was $270 Mil. It means G-III Apparel Group's Accounts Receivable declined by $270 Mil from Oct. 2023 to Jan. 2024 .

G-III Apparel Group's change in receivables for the fiscal year that ended in Jan. 2024 was $117 Mil. It means G-III Apparel Group's Accounts Receivable declined by $117 Mil from Jan. 2023 to Jan. 2024 .

G-III Apparel Group's Accounts Receivable for the quarter that ended in Jan. 2024 was $562 Mil.

Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed. G-III Apparel Group's Days Sales Outstanding for the three months ended in Jan. 2024 was 67.10.

In Ben Graham's calculation of liquidation value, Apple Inc's Accounts Receivable are only considered to be worth 75% of book value. G-III Apparel Group's liquidation value for the three months ended in Jan. 2024 was $57 Mil.

G-III Apparel Group Change In Receivables Historical Data

The historical data trend for G-III Apparel Group's Change In Receivables 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 Change In Receivables Chart

G-III Apparel Group Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Change In Receivables

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-28.62

25.11

-103.07

-28.40

116.93

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
Change In Receivables	Get a 7-Day Free Trial															190.43	171.91	-25.05	-299.95	270.01

G-III Apparel Group Change In Receivables Calculation

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.

Change In Receivables for the trailing twelve months (TTM) ended in Jan. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $117 Mil.

G-III Apparel Group (NAS:GIII) Change In Receivables Explanation

1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed.

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

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	562.363	/	764.782	*	91
=	67.10

2. In Ben Graham's calculation of liquidation value, G-III Apparel Group's accounts receivable are only considered to be worth 75% of book value:

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

	Liquidation Value
=	Cash, Cash Equivalents, Marketable Securities	-	Total Liabilities	+	(0.75 * Accounts Receivable)	+	(0.5 * Total Inventories)
=	507.829	-	1133.182	+	0.75 * 562.363	+	0.5 * 520.426
=	57

G-III Apparel Group Change In Receivables Related Terms

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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 » Change In Receivables

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