Movado Group Inc (MOV)
Pretax margin
| Jan 31, 2024 | Jan 31, 2023 | Jan 31, 2022 | Jan 31, 2021 | Jan 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 59,372 | 119,410 | 116,373 | -142,706 | 57,823 |
| Revenue | US$ in thousands | 671,382 | 751,398 | 732,513 | 506,591 | 698,579 |
| Pretax margin | 8.84% | 15.89% | 15.89% | -28.17% | 8.28% |
January 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $59,372K ÷ $671,382K
= 8.84%
Movado Group Inc's pretax margin has shown fluctuations over the past five years. In fiscal year 2024, the pretax margin was 8.84%, representing a decrease from the previous year's 15.89%. However, it was the same as the pretax margin in fiscal year 2022. In fiscal year 2021, the company experienced a significant decline in pretax margin to -28.17%, which was a notable deviation from the positive margins in the preceding and subsequent years. The pretax margin in fiscal year 2020 was 8.28%, demonstrating a modest increase compared to the prior year. these fluctuations suggest some volatility in Movado Group Inc's profitability before accounting for taxes.