Movado Group Inc (MOV)
Receivables 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 |
| Receivables | US$ in thousands | 115,826 | 146,658 | 108,809 | 106,094 | 105,190 | 143,544 | 110,388 | 96,165 | 99,499 | 143,472 | 98,312 | 102,889 | 101,781 | 103,506 | 60,128 | 49,765 | 78,388 | 136,272 | 93,699 | 85,715 |
| Receivables turnover | 5.80 | 4.68 | 6.53 | 6.91 | 7.14 | 5.32 | 6.98 | 7.92 | 7.37 | 4.92 | 6.68 | 5.57 | 4.97 | 5.01 | 9.22 | 12.51 | 8.94 | 5.20 | 7.60 | 8.15 |
January 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $671,700K ÷ $115,826K
= 5.80
Movado Group Inc's receivables turnover ratio has shown some fluctuations over the past 20 quarters. The receivables turnover ratio measures how efficiently the company is able to collect its outstanding receivables during a specific period. A higher ratio indicates better efficiency in collecting cash from customers.
Looking at the data provided, we can see that the receivables turnover ratio has varied between 4.68 and 12.51 over the past two years. The ratio hit its highest point at 12.51 in April 2020, indicating that Movado Group Inc was able to collect its receivables 12.51 times during that quarter. This suggests a very efficient collection process at that time.
On the other hand, the lowest ratio of 4.68 was recorded in October 2023, which may indicate a slower collection of receivables during that period.
The overall trend of the receivables turnover ratio for Movado Group Inc shows some variability but generally appears to be healthy, with the ratio mostly staying above 5. This indicates that the company has been efficient in managing its accounts receivables and converting them into cash over the period under review.
It is important for Movado Group Inc to monitor this ratio regularly to ensure that the trend remains stable or improves, as a declining ratio could indicate potential issues with collecting receivables efficiently.