Gross Margin % is calculated as gross profit divided by its revenue. Movado Group's Gross Profit for the
three
months ended in Jan. 2024 was $96.8 Mil. Movado Group's Revenue for the
three
months ended in Jan. 2024 was $179.6 Mil. Therefore, Movado Group's Gross Margin % for the quarter that ended in Jan. 2024 was 53.88%.
The historical rank and industry rank for Movado Group's Gross Margin % or its related term are showing as below:
MOV'
s Gross Margin % Range Over the Past 10 Years
Min: 52.48 Med: 53.45 Max: 57.71
Current: 55.07
During the past 13 years, the highestGross Margin % of Movado Group was 57.71%. The lowest was 52.48%. And the median was 53.45%.
MOV's Gross Margin % is ranked better than 79.29% of 1096
companies
in the Retail - Cyclical industry
Industry Median: 36.74
vs MOV: 55.07
Movado Group had a gross margin of 53.88% for the quarter that ended in Jan. 2024 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Movado Group was 1.00% per year.
Movado Group Gross Margin % Historical Data
The historical data trend for Movado Group's Gross Margin % 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.
For the Luxury Goods subindustry, Movado Group's Gross Margin %, along with its competitors' market caps and Gross Margin % 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 Gross Margin % Distribution
For the Retail - Cyclical industry and Consumer Cyclical sector, Movado Group's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Movado Group's Gross Margin % falls into.
* 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.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Movado Group (NYSE:MOV) Gross Margin % Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Movado Group had a gross margin of 53.88% for the quarter that ended in Jan. 2024 => Durable competitive advantage
Be Aware
If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.
Movado Group Gross Margin % Related Terms
Thank you for viewing the detailed overview of Movado Group's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
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.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
MOV has been successfully added to your 