Movado Group Inc (MOV)
Return on assets (ROA)
| Jan 31, 2024 | Jan 31, 2023 | Jan 31, 2022 | Jan 31, 2021 | Jan 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 46,711 | 94,528 | 91,599 | -111,518 | 42,699 |
| Total assets | US$ in thousands | 769,082 | 787,705 | 761,160 | 719,257 | 847,308 |
| ROA | 6.07% | 12.00% | 12.03% | -15.50% | 5.04% |
January 31, 2024 calculation
ROA = Net income ÷ Total assets
= $46,711K ÷ $769,082K
= 6.07%
Movado Group Inc's return on assets (ROA) has fluctuated over the past five years. In January 2024, the ROA stood at 6.07%, decreasing from 12.00% in January 2023 and 12.03% in January 2022. The significant drop from positive returns in 2022 to negative returns in 2021, at -15.50%, indicates a period of financial challenges. However, the company managed to improve its ROA in January 2024 compared to the negative return in 2021. Overall, Movado Group Inc's ROA has shown variability over the years, which may reflect changes in the company's profitability and asset utilization efficiency.