Movado Group Inc (MOV)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 516,798 | 500,439 | 500,784 | 491,971 | 507,606 | 478,021 | 470,836 | 459,650 | 472,808 | 454,349 | 434,567 | 426,777 | 425,264 | 389,345 | 373,671 | 369,799 | 526,537 | 520,681 | 500,304 | 489,641 |
| ROE | 9.04% | 11.45% | 13.82% | 17.31% | 18.62% | 21.58% | 22.36% | 21.91% | 19.37% | 19.92% | 17.01% | 11.22% | -26.22% | -35.52% | -36.22% | -30.08% | 8.11% | 10.88% | 13.15% | 11.73% |
January 31, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $46,711K ÷ $516,798K
= 9.04%
Movado Group Inc's return on equity (ROE) has shown fluctuating trends over the past few periods. In the most recent period ending on January 31, 2024, the ROE was reported at 9.04%, a decrease from the previous quarter. This indicates that the company's profitability in relation to shareholders' equity has decreased.
Looking back further, the ROE figures have been somewhat volatile, with notable increases and decreases in ROE levels. Movado Group Inc achieved its highest ROE of 22.36% in July 31, 2022, followed by a gradual decline in subsequent periods.
The ROE value can provide insights into how effectively the company is utilizing shareholders' equity to generate profits. Movado Group Inc should focus on sustaining or improving its ROE to ensure efficient performance and maximize shareholder value. Additional analysis of the company's financial statements and operational performance may be necessary to understand the factors driving these ROE fluctuations.