What is G-III Apparel Group Return-on-Tangible-Asset?
Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. G-III Apparel Group's annualizedNet Income for the quarter that ended in Jan. 2024 was $115 Mil. G-III Apparel Group's average total tangible assets for the quarter that ended in Jan. 2024 was $2,055 Mil. Therefore, G-III Apparel Group's annualized Return-on-Tangible-Asset for the quarter that ended in Jan. 2024 was 5.62%.
The historical rank and industry rank for G-III Apparel Group's Return-on-Tangible-Asset or its related term are showing as below:
GIII'
s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: -6.58 Med: 8.7 Max: 13.92
Current: 8.77
During the past 13 years, G-III Apparel Group's highest Return-on-Tangible-Asset was 13.92%. The lowest was -6.58%. And the median was 8.70%.
GIII's Return-on-Tangible-Asset is ranked better than 84.47% of 1082
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 2.03
vs GIII: 8.77
G-III Apparel Group Return-on-Tangible-Asset Historical Data
The historical data trend for G-III Apparel Group's Return-on-Tangible-Asset 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 Return-on-Tangible-Asset Chart
Competitive Comparison of G-III Apparel Group's Return-on-Tangible-Asset
For the Apparel Manufacturing subindustry, G-III Apparel Group's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset 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 Return-on-Tangible-Asset Distribution in the Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, G-III Apparel Group's Return-on-Tangible-Asset distribution charts can be found below:
* The bar in red indicates where G-III Apparel Group's Return-on-Tangible-Asset falls into.
G-III Apparel Group Return-on-Tangible-Asset Calculation
G-III Apparel Group's annualized Return-on-Tangible-Asset for the fiscal year that ended in Jan. 2024 is calculated as:
* 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.
In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Jan. 2024) net income data.
G-III Apparel Group (NAS:GIII) Return-on-Tangible-Asset Explanation
Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.
Be Aware
Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the companys earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a companys tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.
G-III Apparel Group Return-on-Tangible-Asset Related Terms
Thank you for viewing the detailed overview of G-III Apparel Group's Return-on-Tangible-Asset 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
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.
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