Movado Asset Turnover vs Interest Expense Analysis
MOV Stock | USD 25.25 0.06 0.24% |
Movado financial indicator trend analysis is infinitely more than just investigating Movado Group recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Movado Group is a good investment. Please check the relationship between Movado Asset Turnover and its Interest Expense accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Movado Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons.
Asset Turnover vs Interest Expense
Asset Turnover vs Interest Expense Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Movado Group Asset Turnover account and Interest Expense. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between Movado's Asset Turnover and Interest Expense is -0.61. Overlapping area represents the amount of variation of Asset Turnover that can explain the historical movement of Interest Expense in the same time period over historical financial statements of Movado Group, assuming nothing else is changed. The correlation between historical values of Movado's Asset Turnover and Interest Expense is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Asset Turnover of Movado Group are associated (or correlated) with its Interest Expense. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Interest Expense has no effect on the direction of Asset Turnover i.e., Movado's Asset Turnover and Interest Expense go up and down completely randomly.
Correlation Coefficient | -0.61 |
Relationship Direction | Negative |
Relationship Strength | Weak |
Asset Turnover
The ratio of net sales to average total assets, indicating how efficiently a company uses its assets to generate sales.Interest Expense
The cost incurred by an entity for borrowed funds, including loans, bonds, or lines of credit.Most indicators from Movado's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Movado Group current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Movado Group. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons. At this time, Movado's Tax Provision is fairly stable compared to the past year. Sales General And Administrative To Revenue is likely to climb to 0.51 in 2024, whereas Selling General Administrative is likely to drop slightly above 231 M in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 419.1M | 433.9M | 370.4M | 270.6M | Total Revenue | 732.4M | 751.9M | 672.6M | 481.0M |
Movado fundamental ratios Correlations
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Movado Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Movado fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 847.3M | 719.3M | 761.2M | 787.7M | 769.1M | 530.4M | |
Short Long Term Debt Total | 148.9M | 105.5M | 76.4M | 88.6M | 92.1M | 65.5M | |
Other Current Liab | 58.7M | 83.6M | 91.8M | 48.2M | 46.3M | 44.1M | |
Total Current Liabilities | 109.3M | 127.7M | 151.5M | 142.4M | 113.1M | 91.0M | |
Total Stockholder Equity | 526.5M | 425.3M | 472.8M | 507.6M | 516.8M | 357.7M | |
Property Plant And Equipment Net | 118.8M | 98.4M | 88.1M | 99.6M | 102.1M | 107.2M | |
Net Debt | (37.0M) | (118.3M) | (200.7M) | (163.0M) | (170.0M) | (161.5M) | |
Retained Earnings | 455.5M | 341.6M | 413.6M | 476.8M | 470.3M | 277.7M | |
Accounts Payable | 35.5M | 28.2M | 46.0M | 32.1M | 32.8M | 30.5M | |
Cash | 185.9M | 223.8M | 277.1M | 251.6M | 262.1M | 275.2M | |
Non Current Assets Total | 382.8M | 217.6M | 207.3M | 220.5M | 225.2M | 116.9M | |
Non Currrent Assets Other | 59.3M | 59.0M | 62.5M | 66.2M | 71.8M | 37.2M | |
Cash And Short Term Investments | 185.9M | 223.8M | 277.1M | 251.6M | 262.5M | 275.6M | |
Net Receivables | 78.4M | 101.8M | 99.5M | 105.2M | 115.8M | 92.8M | |
Common Stock Shares Outstanding | 23.3M | 23.2M | 23.7M | 23.0M | 22.6M | 26.2M | |
Liabilities And Stockholders Equity | 847.3M | 719.3M | 761.2M | 787.7M | 769.1M | 530.4M | |
Non Current Liabilities Total | 207.6M | 161.7M | 132.6M | 134.7M | 137.1M | 80.3M | |
Inventory | 171.4M | 152.6M | 160.3M | 186.2M | 148.0M | 159.5M | |
Other Current Assets | 28.9M | 23.5M | 17.0M | 24.2M | 17.6M | 30.4M | |
Other Stockholder Equity | (14.3M) | (9.3M) | (26.4M) | (50.8M) | (46.2M) | (43.9M) | |
Total Liab | 316.9M | 289.3M | 284.1M | 277.2M | 250.1M | 171.4M | |
Property Plant And Equipment Gross | 118.8M | 98.4M | 88.1M | 99.6M | 208.5M | 218.9M | |
Total Current Assets | 464.6M | 501.7M | 553.9M | 567.2M | 543.9M | 413.4M | |
Accumulated Other Comprehensive Income | 85.1M | 92.5M | 85.3M | 81.3M | 92.3M | 48.8M | |
Short Term Debt | 15.1M | 15.9M | 13.7M | 17.7M | 15.7M | 13.2M | |
Intangible Assets | 42.4M | 17.1M | 13.5M | 9.6M | 7.5M | 9.9M | |
Other Liab | 96.4M | 73.6M | 72.0M | 69.9M | 80.4M | 84.4M | |
Other Assets | 85.0M | 101.9M | 105.7M | 111.3M | 1.0 | 0.95 | |
Common Stock Total Equity | 344K | 346K | 351K | 353K | 406.0K | 316.5K | |
Treasury Stock | (222.8M) | (223.3M) | (249.0M) | (281.6M) | (253.4M) | (240.7M) | |
Common Stock | 344K | 346K | 351K | 353K | 354K | 319.4K | |
Property Plant Equipment | 29.2M | 98.6M | 19.5M | 18.7M | 16.8M | 16.0M | |
Net Tangible Assets | 351.0M | 408.2M | 461.6M | 498.0M | 572.7M | 467.2M | |
Retained Earnings Total Equity | 455.5M | 341.6M | 413.6M | 476.8M | 548.3M | 429.8M | |
Short Term Investments | 340K | 346K | 413K | 419K | 401K | 381.0K | |
Capital Surpluse | 208.5M | 214.0M | 222.6M | 230.8M | 265.4M | 209.4M |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Movado in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Movado's short interest history, or implied volatility extrapolated from Movado options trading.
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Is Movado's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Movado. If investors know Movado will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Movado listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.47) | Dividend Share 1.4 | Earnings Share 2.06 | Revenue Per Share 30.269 | Quarterly Revenue Growth (0.07) |
The market value of Movado Group is measured differently than its book value, which is the value of Movado that is recorded on the company's balance sheet. Investors also form their own opinion of Movado's value that differs from its market value or its book value, called intrinsic value, which is Movado's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Movado's market value can be influenced by many factors that don't directly affect Movado's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Movado's value and its price as these two are different measures arrived at by different means. Investors typically determine if Movado is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Movado's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.