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MOV (Movado Group) Tax Rate % : 31.47% (As of Oct. 2024)


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What is Movado Group Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Movado Group's Tax Expense for the three months ended in Oct. 2024 was $2.5 Mil. Movado Group's Pre-Tax Income for the three months ended in Oct. 2024 was $7.9 Mil. Therefore, Movado Group's Tax Rate % for the quarter that ended in Oct. 2024 was 31.47%.

Movado Group Tax Rate % Historical Data

The historical data trend for Movado Group's Tax Rate % 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 Tax Rate % Chart

Movado Group Annual Data
Trend Jan15 Jan16 Jan17 Jan18 Jan19 Jan20 Jan21 Jan22 Jan23 Jan24
Tax Rate %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 26.30 21.90 21.11 20.41 21.03

Movado Group Quarterly Data
Jan20 Apr20 Jul20 Oct20 Jan21 Apr21 Jul21 Oct21 Jan22 Apr22 Jul22 Oct22 Jan23 Apr23 Jul23 Oct23 Jan24 Apr24 Jul24 Oct24
Tax Rate % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 20.37 18.00 42.91 19.51 31.47

Movado Group Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

Movado Group's Tax Rate % for the fiscal year that ended in Jan. 2024 is calculated as

Tax Rate %=Tax Expense (A: Jan. 2024 )/Pre-Tax Income (A: Jan. 2024 )
=12.661/60.202
=21.03 %

Movado Group's Tax Rate % for the quarter that ended in Oct. 2024 is calculated as

Tax Rate %=Tax Expense (Q: Oct. 2024 )/Pre-Tax Income (Q: Oct. 2024 )
=2.495/7.928
=31.47 %

* 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.

Movado Group Tax Rate % Related Terms

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Movado Group Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Movado Group Inc (NYSE:MOV) » Definitions » Tax Rate %
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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, develops, 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 and, to a lesser extent, jewelry and other accessories 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 its revenue from its international locations.
Executives
Michelle Kennedy officer: SVP, Human Resources 650 FROM ROAD, STE. 375, PARAMUS NJ 07652
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
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