Movado Group Inc (MOV)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 46,711 | 57,292 | 69,189 | 85,143 | 94,528 | 103,177 | 105,296 | 100,703 | 91,599 | 90,489 | 73,909 | 47,884 | -111,518 | -138,279 | -135,339 | -111,219 | 42,699 | 56,642 | 65,799 | 57,434 |
| 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 |
| ROA | 6.07% | 7.50% | 9.23% | 11.48% | 12.00% | 13.30% | 13.74% | 13.61% | 12.03% | 12.21% | 10.40% | 6.89% | -15.50% | -19.70% | -19.91% | -15.94% | 5.04% | 6.53% | 7.83% | 6.93% |
January 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $46,711K ÷ $769,082K
= 6.07%
Movado Group Inc's return on assets (ROA) has fluctuated over the past several quarters. ROA measures how well a company generates profits from its assets. Movado's ROA has ranged from negative figures to as high as 13.74%. The positive trend in ROA from April 2019 to January 2023 indicates that the company was becoming more efficient in generating profits relative to its assets. However, there was a significant decline in ROA in the following quarters, with negative ROA recorded in the last three quarters. This suggests that Movado may be facing challenges in utilizing its assets effectively to generate profits. Further analysis would be needed to understand the reasons behind this decline and assess the company's overall financial health and performance.