Movado Group Inc (MOV)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 516,798 | 507,606 | 472,808 | 425,264 | 526,537 |
| ROE | 9.04% | 18.62% | 19.37% | -26.22% | 8.11% |
January 31, 2024 calculation
ROE = Net income ÷ Total stockholders’ equity
= $46,711K ÷ $516,798K
= 9.04%
Movado Group Inc's return on equity (ROE) has fluctuated over the past five years. In 2024, the ROE stands at 9.04%, which is a decrease from the previous year's figure of 18.62%. The ROE was higher in 2022 at 19.37% compared to the current year. Notably, in 2021, the company experienced a negative ROE of -26.22%, indicating a loss in profitability for that period. The ROE rebounded in 2020 to 8.11% after the decline in the previous year. Overall, Movado Group Inc's ROE performance has shown variability, with both positive and negative swings in profitability over the analyzed period.