Movado Group Inc (MOV)
Receivables 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 |
| Receivables | US$ in thousands | 115,826 | 105,190 | 99,499 | 101,781 | 78,388 |
| Receivables turnover | 5.80 | 7.14 | 7.36 | 4.98 | 8.91 |
January 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $671,382K ÷ $115,826K
= 5.80
Movado Group Inc's receivables turnover ratio has fluctuated over the past five years. The ratio indicates how efficiently the company is collecting payments from its customers. In 2024, the receivables turnover ratio decreased to 5.80 from 7.14 in 2023, suggesting that Movado Group took longer to collect on its receivables in the most recent year. Despite the decrease, the ratio remains relatively healthy compared to the industry average.
While the trend shows some fluctuations, Movado Group's ability to collect on its receivables has generally been strong over the years, as evidenced by consistently high turnover ratios. The decrease in 2024 could be due to various factors such as changes in credit policies, economic conditions, or customer payment behavior. Overall, Movado Group Inc should continue to monitor its receivables turnover ratio and work on improving its collection efficiency to maintain healthy financial performance.