Movado Group Inc (MOV)
Fixed asset turnover
| Jan 31, 2024 | Jan 31, 2023 | Jan 31, 2022 | Jan 31, 2021 | Jan 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 671,382 | 751,398 | 732,513 | 506,591 | 698,579 |
| Property, plant and equipment | US$ in thousands | 19,436 | 18,699 | 19,470 | 22,349 | 29,238 |
| Fixed asset turnover | 34.54 | 40.18 | 37.62 | 22.67 | 23.89 |
January 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $671,382K ÷ $19,436K
= 34.54
Movado Group Inc's fixed asset turnover ratio has shown fluctuations over the past five years. The ratio was highest in January 2023 at 40.18 and lowest in January 2021 at 22.67. This indicates that the company generated $40.18 in revenue for every dollar invested in fixed assets in 2023, compared to $22.67 in 2021. The ratio decreased in 2024 to 34.54, indicating a slightly lower efficiency in generating sales from fixed assets compared to the prior year. Overall, Movado Group Inc has generally maintained a healthy level of fixed asset turnover, with results varying year on year.