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G-III Apparel Group's earnings before interest and taxes (EBIT) for the three months ended in Jan. 2024 was $45 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Jan. 2024 was $280 Mil.
EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. G-III Apparel Group's annualized ROC % for the quarter that ended in Jan. 2024 was 7.65%. G-III Apparel Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jan. 2024 was 15.66%.
EBIT is also linked to Joel Greenblatt's definition of earnings yield. G-III Apparel Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Jan. 2024 was 19.52%.
The historical data trend for G-III Apparel Group's EBIT 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.
G-III Apparel Group Annual Data | |||||||||||||||||||||
Trend | Jan15 | Jan16 | Jan17 | Jan18 | Jan19 | Jan20 | Jan21 | Jan22 | Jan23 | Jan24 | |||||||||||
EBIT | Get a 7-Day Free Trial | 226.51 | 100.72 | 320.64 | -81.57 | 280.19 |
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 | |
EBIT | Get a 7-Day Free Trial | -289.40 | 16.24 | 31.68 | 187.16 | 45.12 |
For the Apparel Manufacturing subindustry, G-III Apparel Group's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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.
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, G-III Apparel Group's EV-to-EBIT distribution charts can be found below:
* The bar in red indicates where G-III Apparel Group's EV-to-EBIT falls into.
EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.
EBIT 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 $280 Mil.
* 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.
G-III Apparel Group (NAS:GIII) EBIT Explanation
1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.
G-III Apparel Group's annualized ROC % for the quarter that ended in Jan. 2024 is calculated as:
ROC % (Q: Jan. 2024 ) | ||||||
= | NOPAT | / | Average Invested Capital | |||
= | Operating Income * ( 1 - Tax Rate % ) | / | ( (Invested Capital (Q: Oct. 2023 ) | + | Invested Capital (Q: Jan. 2024 )) | / count ) |
= | 211.364 * ( 1 - 26.73% ) | / | ( (2172.966 | + | 1873.891) | / 2 ) |
= | 154.8664028 | / | 2023.4285 | |||
= | 7.65 % |
where
Invested Capital | (Q: Oct. 2023 ) | |||||||||||
= | Total Assets | - | Accounts Payable & Accrued Expense | - | Excess Cash | |||||||
= | Total Assets | - | Accounts Payable & Accrued Expense | - | ( Cash, Cash Equivalents, Marketable Securities | - | max(0, Total Current Liabilities | - | Total Current Assets | + | Cash, Cash Equivalents, Marketable Securities | )) |
= | 2749.333 | - | 378.976 | - | ( 197.391 | - | max(0, 602.344 | - | 1713.137 | + | 197.391 | )) |
= | 2172.966 |
Invested Capital | (Q: Jan. 2024 ) | |||||||||||
= | Total Assets | - | Accounts Payable & Accrued Expense | - | Excess Cash | |||||||
= | Total Assets | - | Accounts Payable & Accrued Expense | - | ( Cash, Cash Equivalents, Marketable Securities | - | max(0, Total Current Liabilities | - | Total Current Assets | + | Cash, Cash Equivalents, Marketable Securities | )) |
= | 2681.164 | - | 299.444 | - | ( 507.829 | - | max(0, 493.628 | - | 1660.318 | + | 507.829 | )) |
= | 1873.891 |
Note: The Operating Income data used here is four times the quarterly (Jan. 2024) data.
2. Joel Greenblatt's definition of Return on Capital:
G-III Apparel Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Jan. 2024 is calculated as:
ROC (Joel Greenblatt) % | (Q: Jan. 2024 ) | ||||||
= | EBIT | / | Average of (Net fixed Assets | + | Net Working Capital) | ||
= | EBIT | / | Average of (Property, Plant and Equipment | + | Net Working Capital) | ||
Q: Oct. 2023 | Q: Jan. 2024 | ||||||
= | EBIT | / | ( ( (Property, Plant and Equipment + Net Working Capital) | + | (Property, Plant and Equipment + Net Working Capital) ) | / | count ) |
= | 180.48 | / | ( ( (273.506 + max(1028.398, 0)) | + | (271.97 + max(730.474, 0)) ) | / | 2 ) |
= | 180.48 | / | ( ( 1301.904 | + | 1002.444 ) | / | 2 ) |
= | 180.48 | / | 1152.174 | ||||
= | 15.66 % |
where Working Capital is:
Working Capital | (Q: Oct. 2023 ) | ||||||||||
= | (Accounts Receivable | + | Total Inventories | + | Other Current Assets) | - | (Accounts Payable & Accrued Expense | + | Defer. Rev. | + | Other Current Liabilities) |
= | (863.221 | + | 591.53 | + | 60.995) | - | (378.976 | + | 0 | + | 108.372) |
= | 1028.398 |
Working Capital | (Q: Jan. 2024 ) | ||||||||||
= | (Accounts Receivable | + | Total Inventories | + | Other Current Assets) | - | (Accounts Payable & Accrued Expense | + | Defer. Rev. | + | Other Current Liabilities) |
= | (562.363 | + | 520.426 | + | 69.7) | - | (299.444 | + | 0 | + | 122.571) |
= | 730.474 |
When net working capital is negative, 0 is used.
Note: The EBIT data used here is four times the quarterly (Jan. 2024) EBIT data.
3. It is also linked to Joel Greenblatt's definition of Earnings Yield:
G-III Apparel Group's Earnings Yield (Joel Greenblatt) % for today is calculated as:
Earnings Yield (Joel Greenblatt) % | = | EBIT (TTM) | / | Enterprise Value (Q: Jan. 2024 ) |
= | 280.195 | / | 1435.598 | |
= | 19.52 % |
* 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.
Thank you for viewing the detailed overview of G-III Apparel Group's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.
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 |
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