Movado Group (Movado Group) Inventory Turnover : 0.52 (As of Jan. 2024)

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What is Movado Group Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Movado Group's Cost of Goods Sold for the three months ended in Jan. 2024 was $82.8 Mil. Movado Group's Average Total Inventories for the quarter that ended in Jan. 2024 was $160.0 Mil. Movado Group's Inventory Turnover for the quarter that ended in Jan. 2024 was 0.52.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Movado Group's Days Inventory for the three months ended in Jan. 2024 was 176.24.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Movado Group's Inventory-to-Revenue for the quarter that ended in Jan. 2024 was 0.89.

Movado Group Inventory Turnover Historical Data

The historical data trend for Movado Group's Inventory Turnover 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 Inventory Turnover Chart

Movado Group Annual Data

Trend

Jan15

Jan16

Jan17

Jan18

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Inventory Turnover

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1.94

1.46

2.00

1.84

1.81

Movado Group Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Inventory Turnover	Get a 7-Day Free Trial															0.42	0.33	0.38	0.48	0.52

Movado Group Inventory Turnover Calculation

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

	Inventory Turnover (A: Jan. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jan. 2024 )	/ (	(Total Inventories (A: Jan. 2023 )	+	Total Inventories (A: Jan. 2024 ))	/	count )
=	302.207	/ (	(186.203	+	148.031)	/	2 )
=	302.207	/	167.117
=	1.81

Movado Group's Inventory Turnover for the quarter that ended in Jan. 2024 is calculated as

	Inventory Turnover (Q: Jan. 2024 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Jan. 2024 )	/ (	(Total Inventories (Q: Oct. 2023 )	+	Total Inventories (Q: Jan. 2024 ))	/	count )
=	82.843	/ (	(171.966	+	148.031)	/	2 )
=	82.843	/	159.9985
=	0.52

Movado Group (NYSE:MOV) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Movado Group's Days Inventory for the three months ended in Jan. 2024 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Jan. 2024 )	/	Cost of Goods Sold (Q: Jan. 2024 )	*	Days in Period
	=	159.9985	/	82.843	*	365 / 4
	=	176.24

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Movado Group's Inventory to Revenue for the quarter that ended in Jan. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Jan. 2024 )	/	Revenue (Q: Jan. 2024 )
	=	159.9985	/	179.62
	=	0.89

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Movado Group Inventory Turnover 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 » Inventory Turnover

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