Movado Group Inc (MOV)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 59,353 | 71,225 | 87,042 | 106,496 | 119,381 | 130,584 | 133,825 | 128,132 | 116,328 | 103,827 | 85,210 | 52,326 | -142,706 | -160,020 | -159,649 | -129,229 | 57,866 | 66,647 | 68,049 | 58,543 |
| 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 |
| Pretax margin | 8.84% | 10.37% | 12.25% | 14.53% | 15.88% | 17.09% | 17.37% | 16.83% | 15.87% | 14.72% | 12.97% | 9.14% | -28.19% | -30.88% | -28.80% | -20.75% | 8.26% | 9.40% | 9.55% | 8.38% |
January 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $59,353K ÷ $671,700K
= 8.84%
The pretax margin of Movado Group Inc has shown some fluctuations over the past several quarters. The trend indicates that the pretax margin has been generally decreasing from a high of 17.37% in July 2022 to a low of -30.88% in October 2020, before rebounding to 8.84% in January 2024. This suggests some volatility and challenges in the company's profitability performance. It is important for stakeholders to closely monitor the company's cost structure, revenue generation, and overall operational efficiency to address the fluctuations in pretax margin.