Movado Group Inc (MOV)
Gross profit margin
| Jan 31, 2024 | Jan 31, 2023 | Jan 31, 2022 | Jan 31, 2021 | Jan 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 370,394 | 433,895 | 419,065 | 270,499 | 374,889 |
| Revenue | US$ in thousands | 671,382 | 751,398 | 732,513 | 506,591 | 698,579 |
| Gross profit margin | 55.17% | 57.75% | 57.21% | 53.40% | 53.66% |
January 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $370,394K ÷ $671,382K
= 55.17%
Movado Group Inc's gross profit margin has exhibited fluctuations over the past five years. The trend shows that the company's gross profit margin has slightly decreased from 57.75% in January 2023 to 55.17% in January 2024. Despite this decline, Movado Group Inc has maintained a relatively stable gross profit margin above 50% during this period. The company's ability to sustain a gross profit margin above 50% indicates efficiency in managing production costs and pricing strategies, although there may be some variability in profitability from year to year. Additional analysis of the company's cost structure and pricing strategies would be beneficial to understand the factors contributing to the changes in gross profit margin over time.