Movado Inventory Turnover vs Gross Profit Analysis

MOV Stock  USD 27.64  0.93  3.48%   
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 Inventory Turnover and its Gross Profit 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.

Inventory Turnover vs Gross Profit

Inventory Turnover vs Gross Profit Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Movado Group Inventory Turnover account and Gross Profit. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Movado's Inventory Turnover and Gross Profit is 0.82. Overlapping area represents the amount of variation of Inventory Turnover that can explain the historical movement of Gross Profit 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 Inventory Turnover and Gross Profit is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Inventory Turnover of Movado Group are associated (or correlated) with its Gross Profit. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Gross Profit has no effect on the direction of Inventory Turnover i.e., Movado's Inventory Turnover and Gross Profit go up and down completely randomly.

Correlation Coefficient

0.82
Relationship DirectionPositive 
Relationship StrengthStrong

Inventory Turnover

A ratio showing how many times a company's inventory is sold and replaced over a period, indicating the efficiency of inventory management.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Movado Group minus its cost of goods sold. It is profit before Movado operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.
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.
Selling General Administrative is likely to climb to about 226.6 M in 2024, whereas Tax Provision is likely to drop slightly above 13.1 M in 2024.
 2021 2022 2023 2024 (projected)
Gross Profit419.1M433.9M370.4M270.6M
Total Revenue732.4M751.9M672.6M481.0M

Movado fundamental ratios Correlations

0.40.740.850.90.62-0.430.940.680.730.850.930.730.750.530.640.720.29-0.440.780.590.870.260.560.750.68
0.40.220.440.050.770.540.210.290.030.690.470.00.45-0.240.85-0.05-0.36-0.40.770.740.030.430.440.410.48
0.740.220.820.620.42-0.410.560.730.570.60.640.580.60.530.460.560.11-0.120.640.380.670.080.480.60.49
0.850.440.820.630.66-0.330.710.740.670.720.860.670.870.350.660.54-0.06-0.520.850.630.740.440.450.760.75
0.90.050.620.630.41-0.690.930.560.750.610.760.780.540.760.270.870.61-0.190.430.380.940.050.330.530.49
0.620.770.420.660.41-0.030.470.460.560.610.660.560.750.30.650.390.02-0.510.710.990.470.470.220.590.83
-0.430.54-0.41-0.33-0.69-0.03-0.56-0.31-0.780.06-0.34-0.8-0.31-0.790.33-0.69-0.550.050.11-0.04-0.780.130.23-0.18-0.28
0.940.210.560.710.930.47-0.560.570.770.720.890.770.660.510.50.710.34-0.510.620.450.90.190.420.650.61
0.680.290.730.740.560.46-0.310.570.520.60.610.540.520.40.460.520.03-0.260.610.440.58-0.050.440.550.52
0.730.030.570.670.750.56-0.780.770.520.380.730.990.730.680.240.660.29-0.550.430.570.860.230.080.620.78
0.850.690.60.720.610.610.060.720.60.380.820.360.620.170.890.40.01-0.470.90.580.490.320.850.790.59
0.930.470.640.860.760.66-0.340.890.610.730.820.720.880.30.740.490.07-0.670.850.640.790.440.50.830.8
0.730.00.580.670.780.56-0.80.770.540.990.360.720.720.720.20.70.35-0.50.40.570.890.210.050.590.77
0.750.450.60.870.540.75-0.310.660.520.730.620.880.720.290.630.4-0.01-0.70.780.750.670.550.310.830.91
0.53-0.240.530.350.760.3-0.790.510.40.680.170.30.720.29-0.180.90.790.150.010.30.73-0.20.020.280.34
0.640.850.460.660.270.650.330.50.460.240.890.740.20.63-0.180.04-0.37-0.640.960.620.240.450.740.720.62
0.72-0.050.560.540.870.39-0.690.710.520.660.40.490.70.40.90.040.70.020.240.360.84-0.110.170.350.37
0.29-0.360.11-0.060.610.02-0.550.340.030.290.010.070.35-0.010.79-0.370.70.37-0.280.020.47-0.26-0.060.040.0
-0.44-0.4-0.12-0.52-0.19-0.510.05-0.51-0.26-0.55-0.47-0.67-0.5-0.70.15-0.640.020.37-0.65-0.53-0.3-0.54-0.31-0.69-0.76
0.780.770.640.850.430.710.110.620.610.430.90.850.40.780.010.960.24-0.28-0.650.680.450.480.690.80.72
0.590.740.380.630.380.99-0.040.450.440.570.580.640.570.750.30.620.360.02-0.530.680.440.470.20.60.86
0.870.030.670.740.940.47-0.780.90.580.860.490.790.890.670.730.240.840.47-0.30.450.440.140.140.510.59
0.260.430.080.440.050.470.130.19-0.050.230.320.440.210.55-0.20.45-0.11-0.26-0.540.480.470.140.170.450.42
0.560.440.480.450.330.220.230.420.440.080.850.50.050.310.020.740.17-0.06-0.310.690.20.140.170.720.3
0.750.410.60.760.530.59-0.180.650.550.620.790.830.590.830.280.720.350.04-0.690.80.60.510.450.720.83
0.680.480.490.750.490.83-0.280.610.520.780.590.80.770.910.340.620.370.0-0.760.720.860.590.420.30.83
Click cells to compare fundamentals

Movado Account Relationship Matchups

Movado fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets847.3M719.3M761.2M787.7M769.1M530.4M
Short Long Term Debt Total148.9M105.5M76.4M88.6M92.1M65.5M
Other Current Liab58.7M83.6M91.8M48.2M46.3M44.1M
Total Current Liabilities109.3M127.7M151.5M142.4M113.1M91.0M
Total Stockholder Equity526.5M425.3M472.8M507.6M516.8M357.7M
Property Plant And Equipment Net118.8M98.4M88.1M99.6M102.1M107.2M
Net Debt(37.0M)(118.3M)(200.7M)(163.0M)(170.0M)(161.5M)
Retained Earnings455.5M341.6M413.6M476.8M470.3M277.7M
Accounts Payable35.5M28.2M46.0M32.1M32.8M30.5M
Cash185.9M223.8M277.1M251.6M262.1M275.2M
Non Current Assets Total382.8M217.6M207.3M220.5M225.2M116.9M
Non Currrent Assets Other59.3M59.0M62.5M66.2M72.6M37.3M
Cash And Short Term Investments185.9M223.8M277.1M251.6M262.1M275.2M
Net Receivables78.4M101.8M99.5M105.2M104.5M92.4M
Common Stock Shares Outstanding23.3M23.2M23.7M23.0M22.6M26.2M
Liabilities And Stockholders Equity847.3M719.3M761.2M787.7M769.1M530.4M
Non Current Liabilities Total207.6M161.7M132.6M134.7M137.1M80.3M
Inventory171.4M152.6M160.3M186.2M148.0M159.5M
Other Current Assets28.9M23.5M17.0M24.2M29.3M30.8M
Other Stockholder Equity(14.3M)(9.3M)(26.4M)(50.8M)(46.1M)(43.8M)
Total Liab316.9M289.3M284.1M277.2M250.1M171.4M
Property Plant And Equipment Gross118.8M98.4M88.1M99.6M114.5M120.3M
Total Current Assets464.6M501.7M553.9M567.2M543.9M413.4M
Accumulated Other Comprehensive Income85.1M92.5M85.3M81.3M92.3M48.8M
Short Term Debt15.1M15.9M13.7M17.7M15.7M13.2M
Intangible Assets42.4M17.1M13.5M9.6M7.5M9.9M
Other Liab96.4M73.6M72.0M69.9M80.4M84.4M
Other Assets85.0M101.9M105.7M111.3M128.0M134.4M
Common Stock Total Equity344K346K351K353K406.0K316.5K
Treasury Stock(222.8M)(223.3M)(249.0M)(281.6M)(253.4M)(240.7M)
Common Stock344K346K351K353K290K316.6K
Property Plant Equipment29.2M98.6M19.5M18.7M16.8M16.0M
Net Tangible Assets351.0M408.2M461.6M498.0M572.7M467.2M
Retained Earnings Total Equity455.5M341.6M413.6M476.8M548.3M429.8M
Short Term Investments340K346K413K419K377.1K358.2K
Capital Surpluse208.5M214.0M222.6M230.8M265.4M209.4M

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When determining whether Movado Group is a strong investment it is important to analyze Movado's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Movado's future performance. For an informed investment choice regarding Movado Stock, refer to the following important reports:
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.
You can also try the ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.

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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.