Movado Group Inc (MOV)
Gross profit margin
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 370,394 | 382,873 | 401,572 | 419,213 | 433,895 | 445,475 | 450,022 | 441,548 | 419,065 | 399,026 | 365,905 | 312,808 | 270,499 | 270,310 | 287,926 | 327,909 | 374,889 | 384,917 | 388,212 | 380,707 |
| 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 |
| Gross profit margin | 55.14% | 55.76% | 56.53% | 57.21% | 57.73% | 58.31% | 58.42% | 57.99% | 57.17% | 56.56% | 55.68% | 54.62% | 53.44% | 52.16% | 51.94% | 52.66% | 53.52% | 54.30% | 54.50% | 54.49% |
January 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $370,394K ÷ $671,700K
= 55.14%
Movado Group Inc's gross profit margin has displayed a trend of fluctuation over the past few years. The most recent figure of 55.14% as of January 31, 2024, indicates a slight decrease compared to the previous quarter. However, the gross profit margin remains relatively stable within the range of 55%-58% during the past quarters.
On a positive note, Movado Group Inc has managed to maintain a gross profit margin above 50% consistently, reflecting a healthy level of profitability in its operations. These figures suggest that the company is effectively managing its cost of goods sold and generating a sufficient level of gross profit relative to its revenue.
Overall, while there have been some fluctuations, Movado Group Inc's gross profit margin performance indicates a reasonable level of profitability and efficiency in its core business operations. It would be important for the company to continue monitoring and managing its cost structure to sustain and potentially improve its gross profit margin in the future.