Movado Group Inc (MOV)
Total 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 |
| Total assets | US$ in thousands | 769,082 | 787,705 | 761,160 | 719,257 | 847,308 |
| Total asset turnover | 0.87 | 0.95 | 0.96 | 0.70 | 0.82 |
January 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $671,382K ÷ $769,082K
= 0.87
Movado Group Inc's total asset turnover has been fluctuating over the past five years. The ratio indicates the company's ability to generate revenue from its assets. In 2024, the total asset turnover decreased to 0.87 from 0.95 in 2023, which suggests that the company generated less revenue per dollar of assets. However, compared to 2020 and 2021, the ratio is still relatively higher. This decrease may be due to various factors such as changes in sales volume, asset utilization efficiency, or changes in the asset base. Movado Group Inc should focus on improving its asset management efficiency to enhance revenue generation from its assets.