Movado Group Inc (MOV)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 54,705 | 67,371 | 84,950 | 105,959 | 120,354 | 132,421 | 135,553 | 129,529 | 117,491 | 105,177 | 86,841 | 53,292 | -142,127 | -161,409 | -161,838 | -144,146 | 42,991 | 53,479 | 54,948 | 59,032 |
| 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 |
| Operating profit margin | 8.14% | 9.81% | 11.96% | 14.46% | 16.01% | 17.33% | 17.60% | 17.01% | 16.03% | 14.91% | 13.21% | 9.30% | -28.08% | -31.14% | -29.19% | -23.15% | 6.14% | 7.54% | 7.71% | 8.45% |
January 31, 2024 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $54,705K ÷ $671,700K
= 8.14%
Movado Group Inc's operating profit margin has experienced fluctuations over the past few years. The company's operating profit margin was in the range of 8%-17% from January 2020 to October 2021. However, in January 2021, there was a significant decline, with the operating profit margin dropping to -28.08%, indicating a loss. This negative trend continued until July 2021, with the operating profit margin remaining in negative territory.
From April 2021 onwards, Movado Group Inc managed to improve its operating profit margin, with positive figures gradually increasing from 9.30% in July 2021 to 14.46% in April 2023. The highest operating profit margin recorded during this period was 17.60% in July 2022. However, from then on, there was a slight decrease in the operating profit margin to 8.14% in January 2024.
Overall, Movado Group Inc's operating profit margin has shown variability, with fluctuations between positive and negative figures. It is important for the company to continue focusing on improving its operational efficiency and cost management to maintain a healthy operating profit margin in the future.