Movado Group Inc (MOV)

Fixed asset turnover

		Jan 31, 2024	Oct 31, 2023	Jul 31, 2023	Apr 30, 2023	Jan 31, 2023	Oct 31, 2022	Jul 31, 2022	Apr 30, 2022	Jan 31, 2022	Oct 31, 2021	Jul 31, 2021	Apr 30, 2021	Jan 31, 2021	Oct 31, 2020	Jul 31, 2020	Apr 30, 2020	Jan 31, 2020	Oct 31, 2019	Jul 31, 2019	Apr 30, 2019
Revenue (ttm)	US$ in thousands	671,700	686,683	710,386	732,812	751,558	764,009	770,368	761,365	733,031	705,538	657,180	572,745	506,197	518,273	554,396	622,722	700,509	708,902	712,327	698,667
Property, plant and equipment	US$ in thousands	19,436	19,458	19,740	19,075	18,699	18,207	17,956	18,434	19,470	19,365	19,656	20,599	22,349	24,002	25,888	26,934	29,238	29,275	28,248	26,065
Fixed asset turnover		34.56	35.29	35.99	38.42	40.19	41.96	42.90	41.30	37.65	36.43	33.43	27.80	22.65	21.59	21.42	23.12	23.96	24.22	25.22	26.80

January 31, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $671,700K ÷ $19,436K
= 34.56

Movado Group Inc's fixed asset turnover ratio has shown a generally increasing trend over the past two years, ranging from a low of 21.42 to a high of 42.90. This indicates that the company is generating more revenue relative to its investment in fixed assets. The upward trend suggests improved efficiency in utilizing fixed assets to generate sales. Movado Group Inc's ability to efficiently use its fixed assets has been improving, reaching its peak turnover ratio in the most recent period. This signifies effective management of fixed assets in the company's operations.