Movado Group Inc (MOV)
Operating profit margin
| Jan 31, 2024 | Jan 31, 2023 | Jan 31, 2022 | Jan 31, 2021 | Jan 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 54,705 | 120,354 | 117,491 | -142,127 | 42,991 |
| Revenue | US$ in thousands | 671,382 | 751,398 | 732,513 | 506,591 | 698,579 |
| Operating profit margin | 8.15% | 16.02% | 16.04% | -28.06% | 6.15% |
January 31, 2024 calculation
Operating profit margin = Operating income ÷ Revenue
= $54,705K ÷ $671,382K
= 8.15%
Movado Group Inc's operating profit margin has exhibited considerable variation over the past five years. In particular, the operating profit margin stood at 8.15% in the most recent fiscal year ended on January 31, 2024, reflecting a decline compared to the prior year's margin of 16.02%. The company achieved similar operating profit margins of around 16% in the fiscal years 2022 and 2023.
It is worth noting that Movado Group Inc experienced a significant drop in operating profit margin to -28.06% in the fiscal year ended January 31, 2021, indicating a period of operational challenges or one-time events impacting profitability. However, the company managed to improve its operating profit margin in the subsequent fiscal year to 6.15%.
Overall, while the recent operating profit margin of 8.15% may appear lower compared to the years with margins around 16%, it is crucial to consider the company's performance in a broader context and assess any underlying factors that may have influenced these fluctuations in profitability. Further analysis of Movado Group Inc's financial performance and operational efficiency would provide valuable insights into the sustainability and growth potential of its operating margins.