Movado Group Inc (MOV)

Operating return on assets (Operating ROA)

		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
Total assets	US$ in thousands	769,082	763,397	749,697	741,496	787,705	775,680	766,136	739,984	761,160	741,017	710,898	694,706	719,257	701,778	679,689	697,913	847,308	867,055	840,631	828,661
Operating ROA		7.11%	8.83%	11.33%	14.29%	15.28%	17.07%	17.69%	17.50%	15.44%	14.19%	12.22%	7.67%	-19.76%	-23.00%	-23.81%	-20.65%	5.07%	6.17%	6.54%	7.12%

January 31, 2024 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $54,705K ÷ $769,082K
= 7.11%

Movado Group Inc's operating return on assets (operating ROA) has shown fluctuations over the past few quarters. The trend indicates a general decline from the positive territory in early 2020 to negative figures in early 2021. From then on, the performance has improved steadily, reaching a peak in mid-2023. However, there was a slight decline in the most recent quarter.

Despite the recent fluctuations, Movado Group Inc's operating ROA has generally shown an upward trend since the significant negative performance in early 2021. This indicates that the company has been able to improve its operating efficiency and generate more operating income relative to its assets over time. However, investors may want to monitor the trend in future quarters to assess the sustainability of this positive trajectory.