Movado Change To Inventory vs Free Cash Flow Analysis

MOV Stock

USD 19.60 0.53 2.78%

Movado financial indicator trend analysis is infinitely more than just investigating Movado Group recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Movado Group is a good investment. Please check the relationship between Movado Change To Inventory and its Free Cash Flow accounts. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Movado Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

Change To Inventory vs Free Cash Flow

Change To Inventory vs Free Cash Flow Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Movado Group Change To Inventory account and Free Cash Flow. At this time, the significance of the direction appears to have almost no relationship.

The correlation between Movado's Change To Inventory and Free Cash Flow is 0.13. Overlapping area represents the amount of variation of Change To Inventory that can explain the historical movement of Free Cash Flow in the same time period over historical financial statements of Movado Group, assuming nothing else is changed. The correlation between historical values of Movado's Change To Inventory and Free Cash Flow is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Change To Inventory of Movado Group are associated (or correlated) with its Free Cash Flow. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow has no effect on the direction of Change To Inventory i.e., Movado's Change To Inventory and Free Cash Flow go up and down completely randomly.

Correlation Coefficient

0.13

Relationship Direction	Positive
Relationship Strength	Insignificant

View All Relationships

Change To Inventory

The increase or decrease in the amount of inventory a company has over a certain period.

Free Cash Flow

The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.

Most indicators from Movado's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Movado Group current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Movado Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons.

At this time, Movado's Selling General Administrative is fairly stable compared to the past year. Tax Provision is likely to climb to about 12.8 M in 2024, whereas Enterprise Value is likely to drop slightly above 292.8 M in 2024.

	2021	2022	2023	2024 (projected)
Gross Profit	419.1M	433.9M	370.4M	270.6M
Total Revenue	732.4M	751.9M	672.6M	481.0M

Gross Profit Total Revenue

Movado fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets	Other Liab	Other Assets
Total Assets		0.4	0.71	0.85	0.9	0.62	-0.43	0.94	0.68	0.73	0.85	0.93	0.73	0.73	0.53	0.64	0.72	0.2	-0.44	0.78	0.38	0.87	0.27	0.56	0.75	0.62
Short Long Term Debt Total	0.4		0.1	0.44	0.05	0.77	0.54	0.21	0.29	0.03	0.69	0.48	0.0	0.45	-0.24	0.85	-0.05	-0.42	-0.4	0.77	0.54	0.03	0.41	0.44	0.41	0.27
Other Current Liab	0.71	0.1		0.72	0.65	0.29	-0.42	0.54	0.68	0.51	0.59	0.53	0.52	0.37	0.62	0.36	0.66	0.32	-0.01	0.53	0.0	0.64	-0.17	0.55	0.54	0.69
Total Current Liabilities	0.85	0.44	0.72		0.63	0.66	-0.33	0.71	0.74	0.67	0.72	0.87	0.67	0.84	0.35	0.66	0.54	-0.1	-0.52	0.85	0.42	0.74	0.45	0.45	0.76	0.65
Total Stockholder Equity	0.9	0.05	0.65	0.63		0.41	-0.69	0.93	0.56	0.75	0.61	0.75	0.77	0.53	0.76	0.27	0.87	0.52	-0.19	0.43	0.24	0.94	0.09	0.33	0.53	0.48
Property Plant And Equipment Net	0.62	0.77	0.29	0.66	0.41		-0.03	0.47	0.46	0.56	0.61	0.67	0.56	0.75	0.3	0.65	0.39	-0.09	-0.51	0.71	0.85	0.47	0.64	0.22	0.59	0.22
Net Debt	-0.43	0.54	-0.42	-0.33	-0.69	-0.03		-0.56	-0.31	-0.78	0.06	-0.33	-0.8	-0.3	-0.79	0.33	-0.69	-0.51	0.05	0.11	-0.07	-0.78	0.01	0.23	-0.18	-0.17
Retained Earnings	0.94	0.21	0.54	0.71	0.93	0.47	-0.56		0.57	0.77	0.72	0.89	0.77	0.66	0.51	0.5	0.71	0.24	-0.51	0.62	0.3	0.9	0.25	0.42	0.65	0.53
Accounts Payable	0.68	0.29	0.68	0.74	0.56	0.46	-0.31	0.57		0.52	0.6	0.61	0.54	0.5	0.4	0.46	0.52	0.0	-0.26	0.61	0.3	0.58	0.03	0.44	0.55	0.44
Cash	0.73	0.03	0.51	0.67	0.75	0.56	-0.78	0.77	0.52		0.38	0.73	0.99	0.72	0.68	0.24	0.66	0.2	-0.55	0.43	0.54	0.86	0.41	0.08	0.62	0.3
Non Current Assets Total	0.85	0.69	0.59	0.72	0.61	0.61	0.06	0.72	0.6	0.38		0.82	0.36	0.6	0.17	0.89	0.4	-0.05	-0.47	0.9	0.37	0.49	0.27	0.85	0.79	0.54
Non Currrent Assets Other	0.93	0.48	0.53	0.87	0.75	0.67	-0.33	0.89	0.61	0.73	0.82		0.71	0.89	0.3	0.74	0.49	-0.07	-0.67	0.86	0.5	0.79	0.48	0.51	0.83	0.53
Cash And Short Term Investments	0.73	0.0	0.52	0.67	0.77	0.56	-0.8	0.77	0.54	0.99	0.36	0.71		0.71	0.72	0.2	0.7	0.26	-0.5	0.4	0.54	0.89	0.39	0.05	0.59	0.29
Net Receivables	0.73	0.45	0.37	0.84	0.53	0.75	-0.3	0.66	0.5	0.72	0.6	0.89	0.71		0.26	0.62	0.35	-0.17	-0.71	0.76	0.72	0.66	0.71	0.28	0.81	0.28
Common Stock Shares Outstanding	0.53	-0.24	0.62	0.35	0.76	0.3	-0.79	0.51	0.4	0.68	0.17	0.3	0.72	0.26		-0.18	0.9	0.77	0.15	0.01	0.25	0.73	-0.04	0.02	0.28	0.17
Non Current Liabilities Total	0.64	0.85	0.36	0.66	0.27	0.65	0.33	0.5	0.46	0.24	0.89	0.74	0.2	0.62	-0.18		0.04	-0.43	-0.64	0.96	0.43	0.24	0.38	0.74	0.72	0.49
Inventory	0.72	-0.05	0.66	0.54	0.87	0.39	-0.69	0.71	0.52	0.66	0.4	0.49	0.7	0.35	0.9	0.04		0.7	0.02	0.24	0.19	0.84	0.03	0.17	0.35	0.45
Other Current Assets	0.2	-0.42	0.32	-0.1	0.52	-0.09	-0.51	0.24	0.0	0.2	-0.05	-0.07	0.26	-0.17	0.77	-0.43	0.7		0.47	-0.34	-0.13	0.39	-0.28	-0.03	-0.05	0.05
Other Stockholder Equity	-0.44	-0.4	-0.01	-0.52	-0.19	-0.51	0.05	-0.51	-0.26	-0.55	-0.47	-0.67	-0.5	-0.71	0.15	-0.64	0.02	0.47		-0.65	-0.57	-0.3	-0.71	-0.31	-0.69	-0.16
Total Liab	0.78	0.77	0.53	0.85	0.43	0.71	0.11	0.62	0.61	0.43	0.9	0.86	0.4	0.76	0.01	0.96	0.24	-0.34	-0.65		0.46	0.45	0.44	0.69	0.8	0.59
Property Plant And Equipment Gross	0.38	0.54	0.0	0.42	0.24	0.85	-0.07	0.3	0.3	0.54	0.37	0.5	0.54	0.72	0.25	0.43	0.19	-0.13	-0.57	0.46		0.3	0.74	0.07	0.58	-0.25
Total Current Assets	0.87	0.03	0.64	0.74	0.94	0.47	-0.78	0.9	0.58	0.86	0.49	0.79	0.89	0.66	0.73	0.24	0.84	0.39	-0.3	0.45	0.3		0.2	0.14	0.51	0.52
Short Term Debt	0.27	0.41	-0.17	0.45	0.09	0.64	0.01	0.25	0.03	0.41	0.27	0.48	0.39	0.71	-0.04	0.38	0.03	-0.28	-0.71	0.44	0.74	0.2		0.03	0.54	-0.11
Intangible Assets	0.56	0.44	0.55	0.45	0.33	0.22	0.23	0.42	0.44	0.08	0.85	0.51	0.05	0.28	0.02	0.74	0.17	-0.03	-0.31	0.69	0.07	0.14	0.03		0.72	0.42
Other Liab	0.75	0.41	0.54	0.76	0.53	0.59	-0.18	0.65	0.55	0.62	0.79	0.83	0.59	0.81	0.28	0.72	0.35	-0.05	-0.69	0.8	0.58	0.51	0.54	0.72		0.3
Other Assets	0.62	0.27	0.69	0.65	0.48	0.22	-0.17	0.53	0.44	0.3	0.54	0.53	0.29	0.28	0.17	0.49	0.45	0.05	-0.16	0.59	-0.25	0.52	-0.11	0.42	0.3

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Movado Account Relationship Matchups

Movado fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	847.3M	719.3M	761.2M	787.7M	769.1M	530.4M
Short Long Term Debt Total	148.9M	105.5M	76.4M	88.6M	92.1M	65.5M
Other Current Liab	58.7M	69.2M	73.6M	46.4M	30.6M	42.4M
Total Current Liabilities	109.3M	127.7M	151.5M	142.4M	113.1M	91.0M
Total Stockholder Equity	526.5M	425.3M	472.8M	507.6M	516.8M	357.7M
Property Plant And Equipment Net	118.8M	98.4M	88.1M	99.6M	102.1M	107.2M
Net Debt	(37.0M)	(118.3M)	(200.7M)	(163.0M)	(170.0M)	(161.5M)
Retained Earnings	455.5M	341.6M	413.6M	476.8M	470.3M	277.7M
Accounts Payable	35.5M	28.2M	46.0M	32.1M	32.8M	30.5M
Cash	185.9M	223.8M	277.1M	251.6M	262.1M	275.2M
Non Current Assets Total	382.8M	217.6M	207.3M	220.5M	225.2M	116.9M
Non Currrent Assets Other	59.3M	59.0M	62.5M	66.2M	71.8M	37.1M
Cash And Short Term Investments	185.9M	223.8M	277.1M	251.6M	262.5M	275.6M
Net Receivables	78.4M	101.8M	99.5M	105.2M	115.8M	92.8M
Common Stock Shares Outstanding	23.3M	23.2M	23.7M	23.0M	22.6M	26.2M
Liabilities And Stockholders Equity	847.3M	719.3M	761.2M	787.7M	769.1M	530.4M
Non Current Liabilities Total	207.6M	161.7M	132.6M	134.7M	137.1M	80.3M
Inventory	171.4M	152.6M	160.3M	186.2M	148.0M	159.5M
Other Current Assets	28.9M	23.5M	17.0M	24.2M	17.6M	30.4M
Other Stockholder Equity	(14.3M)	(9.3M)	(26.4M)	(50.8M)	(46.2M)	(43.9M)
Total Liab	316.9M	289.3M	284.1M	277.2M	250.1M	171.4M
Property Plant And Equipment Gross	118.8M	98.4M	88.1M	99.6M	208.5M	218.9M
Total Current Assets	464.6M	501.7M	553.9M	567.2M	543.9M	413.4M
Accumulated Other Comprehensive Income	85.1M	92.5M	85.3M	81.3M	92.3M	48.8M
Short Term Debt	15.1M	15.9M	13.7M	35.4M	31.4M	33.0M
Intangible Assets	42.4M	17.1M	13.5M	9.6M	7.5M	9.9M
Other Liab	96.4M	73.6M	72.0M	69.9M	80.4M	84.4M
Other Assets	85.0M	101.9M	105.7M	111.3M	1.0	0.95
Common Stock Total Equity	344K	346K	351K	353K	406.0K	316.5K
Treasury Stock	(222.8M)	(223.3M)	(249.0M)	(281.6M)	(253.4M)	(240.7M)
Common Stock	344K	346K	351K	353K	354K	319.4K
Property Plant Equipment	29.2M	98.6M	19.5M	18.7M	16.8M	16.0M
Net Tangible Assets	351.0M	408.2M	461.6M	498.0M	572.7M	467.2M
Retained Earnings Total Equity	455.5M	341.6M	413.6M	476.8M	548.3M	429.8M
Short Term Investments	340K	346K	413K	419K	401K	381.0K
Capital Surpluse	208.5M	214.0M	222.6M	230.8M	265.4M	209.4M

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