Movado Group (Movado Group) Days Payable

: 30.72 (As of Jan. 2024)

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Movado Group's average Accounts Payable for the three months ended in Jan. 2024 was $27.9 Mil. Movado Group's Cost of Goods Sold for the three months ended in Jan. 2024 was $82.8 Mil. Hence, Movado Group's Days Payable for the three months ended in Jan. 2024 was 30.72.

The historical rank and industry rank for Movado Group's Days Payable or its related term are showing as below:

MOV' s Days Payable Range Over the Past 10 Years
Min: 34 Med: 39.8 Max: 49.26
Current: 34

During the past 13 years, Movado Group's highest Days Payable was 49.26. The lowest was 34.00. And the median was 39.80.

MOV's Days Payable is ranked worse than
71.06% of 1078 companies
in the Retail - Cyclical industry
Industry Median: 56.94 vs MOV: 34.00

Movado Group's Days Payable declined from Jan. 2023 (39.16) to Jan. 2024 (30.72). It may suggest that Movado Group accelerated paying its suppliers.

Movado Group Days Payable Historical Data

The historical data trend for Movado Group's Days Payable 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.

* Premium members only.

Movado Group Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Days Payable

41.49

49.26

43.22

44.82

39.17

Movado Group Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Days Payable																39.16	41.00	33.93	27.49	30.72

Competitive Comparison

For the Luxury Goods subindustry, Movado Group's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Movado Group Days Payable Distribution

For the Retail - Cyclical industry and Consumer Cyclical sector, Movado Group's Days Payable distribution charts can be found below:

* The bar in red indicates where Movado Group's Days Payable falls into.

Movado Group Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Movado Group's Days Payable for the fiscal year that ended in Jan. 2024 is calculated as

	Days Payable (A: Jan. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jan. 2023 )	+	Accounts Payable (A: Jan. 2024 ))	/	count )	/	Cost of Goods Sold (A: Jan. 2024 )	*	Days in Period
=	( (32.085	+	32.775)	/	2 )	/	302.207	*	365
=	32.43					/	302.207	*	365
=	39.17

Movado Group's Days Payable for the quarter that ended in Jan. 2024 is calculated as:

	Days Payable (Q: Jan. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Oct. 2023 )	+	Accounts Payable (Q: Jan. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jan. 2024 )	*	Days in Period
=	( (22.998	+	32.775)	/	2 )	/	82.843	*	365 / 4
=	27.8865					/	82.843	*	365 / 4
=	30.72

Movado Group Days Payable Related Terms

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Movado Group (Movado Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Movado Group Inc (NYSE:MOV) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

MV4:Germany 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.

Executives

Sallie A Demarsilis	officer: Chief Financial Officer	142 WEST 57TH ST, NEW YORK NY 10019
Linda Feeney	officer: SVP, Principal Acct. Officer	650 FROM ROAD, SUITE 375, PARAMUS NJ 07652
Michelle Kennedy	officer: SVP, Human Resources	650 FROM ROAD, STE. 375, PARAMUS NJ 07652
Vivian Delia	officer: SENIOR VP HUMAN RESOURCES	C/O MOVADO GROUP INC., 650 FROM ROAD, SUITE 375, PARAMUS NJ 07652
Ann Kirschner	director	650 FROM ROAD, SUITE 375, PARAMUS NJ 07652
Richard D Isserman	director	C/O MOVADO GROUP, INC., 650 FROM ROAD, PARAMUS NJ 07652
Maya Peterson	director	C/O MOVADO GROUP INC., 650 FROM ROAD, SUITE 375, PARAMUS NJ 07652
Efraim Grinberg	director, 10 percent owner, officer: President - CEO	C/O MOVADO GROUP INC, 650 FROM RD, PARAMUS NJ 07652
Alexander Grinberg	10 percent owner	125 CHUBB AVE, LYNDHURST NJ 07071
Behzad Soltani	officer: EVP,Commercial President & CTO	650 FROM ROAD, STE 375, PARAMUS NJ 07652-3556
Alan H Howard	director
Sussis Mitchell Cole	officer: Senior VP and General Counsel	6 YORKSHIRE DRIVE, MENDHAM NJ 07945
Stephen I Sadove	director
Maurice S Reznik	director	C/O MAIDENFORM BRANDS, INC., 154 AVENUE E, BAYONNE NJ 07002
Richard Cote	director, officer: Executive V.P. - COO