Movado Group Inc (MOV)

Total 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
Total assets	US$ in thousands	769,082	763,397	749,697	741,496	787,705	775,680	766,136	739,984	761,160	741,017	710,898	694,706	719,257	701,778	679,689	697,913	847,308	867,055	840,631	828,661
Total asset turnover		0.87	0.90	0.95	0.99	0.95	0.98	1.01	1.03	0.96	0.95	0.92	0.82	0.70	0.74	0.82	0.89	0.83	0.82	0.85	0.84

January 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $671,700K ÷ $769,082K
= 0.87

Movado Group Inc's total asset turnover ratio has fluctuated over the past few quarters, ranging from a low of 0.70 to a high of 1.03. The ratio measures how efficiently the company is utilizing its assets to generate sales revenue. Generally, a higher total asset turnover ratio indicates better asset utilization and efficiency in generating sales.

From the trend observed in the data, it appears that Movado Group Inc's total asset turnover ratio has shown some volatility, with periods of increase and decrease. It peaked at 1.03 in April 2022 and has been somewhat fluctuating since then. Although the ratio has shown some variability, it has generally remained within a moderate range, indicating a moderate level of efficiency in generating sales revenue from its assets.

Overall, Movado Group Inc's total asset turnover ratio suggests that the company is effectively utilizing its assets to generate sales, but there may be room for improvement in optimizing asset utilization to enhance revenue generation efficiency.