Movado Group Inc (MOV)
Net profit margin
| Jan 31, 2024 | Jan 31, 2023 | Jan 31, 2022 | Jan 31, 2021 | Jan 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 46,711 | 94,528 | 91,599 | -111,518 | 42,699 |
| Revenue | US$ in thousands | 671,382 | 751,398 | 732,513 | 506,591 | 698,579 |
| Net profit margin | 6.96% | 12.58% | 12.50% | -22.01% | 6.11% |
January 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $46,711K ÷ $671,382K
= 6.96%
The net profit margin of Movado Group Inc has shown fluctuations over the past five years. In 2024, the net profit margin decreased to 6.96% from 12.58% in 2023, indicating a decline in profitability. The net profit margin was relatively stable in 2022 at 12.50%, showing consistency in earnings relative to revenue. In 2021, there was a significant decline in profitability as the net profit margin was -22.01%, indicating that the company's expenses exceeded its revenue, resulting in a loss. The net profit margin recovered in 2020 to 6.11%, showing a return to positive profitability. Overall, the trend in Movado Group Inc's net profit margin suggests variability in profitability performance over the analyzed period.