Movado Group (STU:MV4) ROCE % : 9.30% (As of Jan. 2024)

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What is Movado Group ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Movado Group's annualized ROCE % for the quarter that ended in Jan. 2024 was 9.30%.

Movado Group ROCE % Historical Data

The historical data trend for Movado Group's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Movado Group ROCE % Chart

Movado Group Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

ROCE %

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8.55

-20.04

20.36

19.97

9.28

Movado Group Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
ROCE %	Get a 7-Day Free Trial															16.76	7.44	7.11	14.44	9.30

Movado Group ROCE % Calculation

Movado Group's annualized ROCE % for the fiscal year that ended in Jan. 2024 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Jan. 2024 )		(A: Jan. 2023 )		(A: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Jan. 2024 )		(A: Jan. 2023 )		(A: Jan. 2024 )
	=	55.722	/	( ( (730.99 - 132.166)	+	(706.017 - 103.803) )	/ 2 )
	=	55.722	/	( (598.824	+	602.214)	/ 2 )
	=	55.722	/	600.519
	=	9.28 %

Movado Group's ROCE % of for the quarter that ended in Jan. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Jan. 2024 )		(Q: Oct. 2023 )		(Q: Jan. 2024 )
	=	56.056	/	( ( (722.937 - 119.69)	+	(706.017 - 103.803) )	/ 2 )
	=	56.056	/	( ( 603.247	+	602.214 )	/ 2 )
	=	56.056	/	602.7305
	=	9.30 %

(1) Note: The EBIT data used here is four times the quarterly (Jan. 2024) EBIT data.

Movado Group (STU:MV4) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Movado Group ROCE % Related Terms

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Movado Group (STU:MV4) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Movado Group Inc (STU:MV4) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

MOV:USA MV4:Germany

Address

650 From Road, Suite 375, Paramus, NJ, USA, 07652-3556

Website

https://www.movadogroup.com

Movado Group Inc designs, develop, sources, markets, and distributes fine watches in the United States and internationally. It operates through the Watch and Accessory Brands and Company Stores segment. The Watch and Accessory Brands segment includes the designing, manufacturing, and distribution of watches of quality owned brands and licensed brands. Its Company Stores segment includes the company's retail outlet locations in the United States and Canada. It generates maximum revenue from the Watch and Accessory Brands segment. Geographically, it derives the majority of revenue from its international location.

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