Movado Other Current Liab vs Other Current Assets Analysis

MOV Stock  USD 19.07  0.32  1.71%   
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 Other Current Liab and its Other Current Assets 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.

Other Current Liab vs Other Current Assets

Other Current Liab vs Other Current Assets Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Movado Group Other Current Liab account and Other Current Assets. At this time, the significance of the direction appears to have weak relationship.
The correlation between Movado's Other Current Liab and Other Current Assets is 0.32. Overlapping area represents the amount of variation of Other Current Liab that can explain the historical movement of Other Current Assets 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 Other Current Liab and Other Current Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Other Current Liab of Movado Group are associated (or correlated) with its Other Current Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Other Current Assets has no effect on the direction of Other Current Liab i.e., Movado's Other Current Liab and Other Current Assets go up and down completely randomly.

Correlation Coefficient

0.32
Relationship DirectionPositive 
Relationship StrengthVery Weak

Other Current Liab

Other Current Assets

Assets expected to be converted into cash, sold, or consumed either in one year or in the operating cycle, which are not included under standard current asset categories.
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 Profit419.1M433.9M370.4M270.6M
Total Revenue732.4M751.9M672.6M481.0M

Movado fundamental ratios Correlations

0.40.710.850.90.62-0.430.940.680.730.850.930.730.730.530.640.720.2-0.440.780.380.870.270.560.750.62
0.40.10.440.050.770.540.210.290.030.690.480.00.45-0.240.85-0.05-0.42-0.40.770.540.030.410.440.410.27
0.710.10.720.650.29-0.420.540.680.510.590.530.520.370.620.360.660.32-0.010.530.00.64-0.170.550.540.69
0.850.440.720.630.66-0.330.710.740.670.720.870.670.840.350.660.54-0.1-0.520.850.420.740.450.450.760.65
0.90.050.650.630.41-0.690.930.560.750.610.750.770.530.760.270.870.52-0.190.430.240.940.090.330.530.48
0.620.770.290.660.41-0.030.470.460.560.610.670.560.750.30.650.39-0.09-0.510.710.850.470.640.220.590.22
-0.430.54-0.42-0.33-0.69-0.03-0.56-0.31-0.780.06-0.33-0.8-0.3-0.790.33-0.69-0.510.050.11-0.07-0.780.010.23-0.18-0.17
0.940.210.540.710.930.47-0.560.570.770.720.890.770.660.510.50.710.24-0.510.620.30.90.250.420.650.53
0.680.290.680.740.560.46-0.310.570.520.60.610.540.50.40.460.520.0-0.260.610.30.580.030.440.550.44
0.730.030.510.670.750.56-0.780.770.520.380.730.990.720.680.240.660.2-0.550.430.540.860.410.080.620.3
0.850.690.590.720.610.610.060.720.60.380.820.360.60.170.890.4-0.05-0.470.90.370.490.270.850.790.54
0.930.480.530.870.750.67-0.330.890.610.730.820.710.890.30.740.49-0.07-0.670.860.50.790.480.510.830.53
0.730.00.520.670.770.56-0.80.770.540.990.360.710.710.720.20.70.26-0.50.40.540.890.390.050.590.29
0.730.450.370.840.530.75-0.30.660.50.720.60.890.710.260.620.35-0.17-0.710.760.720.660.710.280.810.28
0.53-0.240.620.350.760.3-0.790.510.40.680.170.30.720.26-0.180.90.770.150.010.250.73-0.040.020.280.17
0.640.850.360.660.270.650.330.50.460.240.890.740.20.62-0.180.04-0.43-0.640.960.430.240.380.740.720.49
0.72-0.050.660.540.870.39-0.690.710.520.660.40.490.70.350.90.040.70.020.240.190.840.030.170.350.45
0.2-0.420.32-0.10.52-0.09-0.510.240.00.2-0.05-0.070.26-0.170.77-0.430.70.47-0.34-0.130.39-0.28-0.03-0.050.05
-0.44-0.4-0.01-0.52-0.19-0.510.05-0.51-0.26-0.55-0.47-0.67-0.5-0.710.15-0.640.020.47-0.65-0.57-0.3-0.71-0.31-0.69-0.16
0.780.770.530.850.430.710.110.620.610.430.90.860.40.760.010.960.24-0.34-0.650.460.450.440.690.80.59
0.380.540.00.420.240.85-0.070.30.30.540.370.50.540.720.250.430.19-0.13-0.570.460.30.740.070.58-0.25
0.870.030.640.740.940.47-0.780.90.580.860.490.790.890.660.730.240.840.39-0.30.450.30.20.140.510.52
0.270.41-0.170.450.090.640.010.250.030.410.270.480.390.71-0.040.380.03-0.28-0.710.440.740.20.030.54-0.11
0.560.440.550.450.330.220.230.420.440.080.850.510.050.280.020.740.17-0.03-0.310.690.070.140.030.720.42
0.750.410.540.760.530.59-0.180.650.550.620.790.830.590.810.280.720.35-0.05-0.690.80.580.510.540.720.3
0.620.270.690.650.480.22-0.170.530.440.30.540.530.290.280.170.490.450.05-0.160.59-0.250.52-0.110.420.3
Click cells to compare fundamentals

Movado Account Relationship Matchups

Movado fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets847.3M719.3M761.2M787.7M769.1M530.4M
Short Long Term Debt Total148.9M105.5M76.4M88.6M92.1M65.5M
Other Current Liab58.7M69.2M73.6M46.4M30.6M42.4M
Total Current Liabilities109.3M127.7M151.5M142.4M113.1M91.0M
Total Stockholder Equity526.5M425.3M472.8M507.6M516.8M357.7M
Property Plant And Equipment Net118.8M98.4M88.1M99.6M102.1M107.2M
Net Debt(37.0M)(118.3M)(200.7M)(163.0M)(170.0M)(161.5M)
Retained Earnings455.5M341.6M413.6M476.8M470.3M277.7M
Accounts Payable35.5M28.2M46.0M32.1M32.8M30.5M
Cash185.9M223.8M277.1M251.6M262.1M275.2M
Non Current Assets Total382.8M217.6M207.3M220.5M225.2M116.9M
Non Currrent Assets Other59.3M59.0M62.5M66.2M71.8M37.1M
Cash And Short Term Investments185.9M223.8M277.1M251.6M262.5M275.6M
Net Receivables78.4M101.8M99.5M105.2M115.8M92.8M
Common Stock Shares Outstanding23.3M23.2M23.7M23.0M22.6M26.2M
Liabilities And Stockholders Equity847.3M719.3M761.2M787.7M769.1M530.4M
Non Current Liabilities Total207.6M161.7M132.6M134.7M137.1M80.3M
Inventory171.4M152.6M160.3M186.2M148.0M159.5M
Other Current Assets28.9M23.5M17.0M24.2M17.6M30.4M
Other Stockholder Equity(14.3M)(9.3M)(26.4M)(50.8M)(46.2M)(43.9M)
Total Liab316.9M289.3M284.1M277.2M250.1M171.4M
Property Plant And Equipment Gross118.8M98.4M88.1M99.6M208.5M218.9M
Total Current Assets464.6M501.7M553.9M567.2M543.9M413.4M
Accumulated Other Comprehensive Income85.1M92.5M85.3M81.3M92.3M48.8M
Short Term Debt15.1M15.9M13.7M35.4M31.4M33.0M
Intangible Assets42.4M17.1M13.5M9.6M7.5M9.9M
Other Liab96.4M73.6M72.0M69.9M80.4M84.4M
Other Assets85.0M101.9M105.7M111.3M1.00.95
Common Stock Total Equity344K346K351K353K406.0K316.5K
Treasury Stock(222.8M)(223.3M)(249.0M)(281.6M)(253.4M)(240.7M)
Common Stock344K346K351K353K354K319.4K
Property Plant Equipment29.2M98.6M19.5M18.7M16.8M16.0M
Net Tangible Assets351.0M408.2M461.6M498.0M572.7M467.2M
Retained Earnings Total Equity455.5M341.6M413.6M476.8M548.3M429.8M
Short Term Investments340K346K413K419K401K381.0K
Capital Surpluse208.5M214.0M222.6M230.8M265.4M209.4M

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Additional Tools for Movado Stock Analysis

When running Movado's price analysis, check to measure Movado's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Movado is operating at the current time. Most of Movado's value examination focuses on studying past and present price action to predict the probability of Movado's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Movado's price. Additionally, you may evaluate how the addition of Movado to your portfolios can decrease your overall portfolio volatility.