Movado Quick Ratio vs Operating Income Analysis
MOV Stock | USD 26.20 0.31 1.17% |
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 Quick Ratio and its Operating Income 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.
Quick Ratio vs Operating Income
Quick Ratio vs Operating Income Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Movado Group Quick Ratio account and Operating Income. At this time, the significance of the direction appears to have almost no relationship.
The correlation between Movado's Quick Ratio and Operating Income is 0.16. Overlapping area represents the amount of variation of Quick Ratio that can explain the historical movement of Operating Income 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 Quick Ratio and Operating Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Quick Ratio of Movado Group are associated (or correlated) with its Operating Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Operating Income has no effect on the direction of Quick Ratio i.e., Movado's Quick Ratio and Operating Income go up and down completely randomly.
Correlation Coefficient | 0.16 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Quick Ratio
A measure of a company's ability to meet its short-term obligations with its most liquid assets. It is calculated as (current assets - inventories) divided by current liabilities.Operating Income
Operating Income is the amount of profit realized from Movado Group operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Movado Group is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.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 Selling General Administrative is fairly stable compared to the past year. Tax Provision is likely to climb to about 12.8 M in 2024, whereas Enterprise Value is likely to drop slightly above 292.8 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
Click cells to compare fundamentals
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 |
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Try AI Portfolio ArchitectCheck 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 Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.
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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.