Last Price$226.2(1.2%)
Market Cap$44.2B
LTM Return on Capital Employed (ROCE)
16.5%
5Y avg
16.5%
Hardware, Equipment & Parts industry
median
4.1%
Stock quality & Intrinsic value
8/10
(0.2%) overvalued
Garmin Ltd. Return on Capital Employed (ROCE)
Annual
Quarterly
LTM
Industry median
Company stand-alone
Crunching data... Almost there!
| Dec'05 | Dec'06 | Dec'07 | Dec'08 | Dec'09 | Dec'10 | Dec'11 | Dec'12 | Dec'13 | Dec'14 | Dec'15 | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Capital Employed (ROCE) | 26.3% | 34.8% | 38.7% | 27.6% | 24.4% | 19.9% | 14.2% | 13.9% | 13.5% | 8.7% | 12.0% | 13.7% | 17.2% | 15.0% | 19.0% | 17.2% | 17.8% | 14.5% | 17.1% | 18.0% |
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Garmin Ltd. (GRMN) Return on Capital Employed (ROCE) comparison analysis
General
LTM Return on Capital Employed (ROCE)
OTHER METRICS
Company name
Revenue growth
EPS growth
Net Income margin
Garmin Ltd.GRMN
16.5%
20.4%
9.1%
22.4%
Median Peer Set
6.7%
(0.3%)
6.7%
10.3%
Amphenol CorporationAPH
18.0%
21.3%
24.1%
15.9%
Jabil Inc.JBL
14.5%
(16.8%)
84.4%
4.8%
Flex Ltd.FLEX
13.2%
(13.0%)
32.0%
3.8%
TE Connectivity Ltd.TEL
12.9%
(1.2%)
71.6%
20.2%
Teledyne Technologies IncorporatedTDY
6.7%
0.6%
(6.8%)
14.4%
Fortive CorporationFTV
6.7%
4.1%
16.0%
14.3%
Keysight Technologies, Inc.KEYS
6.0%
(8.9%)
(40.6%)
12.3%
Corning IncorporatedGLW
5.5%
4.2%
(15.9%)
3.9%
Coherent, Inc.COHR
(0.5%)
(8.8%)
(2.6%)
(5.9%)
Trimble Inc.TRMB
(1.0%)
3.3%
(30.4%)
8.2%
GRMN key stats
USD
Millions
Billions
Annual
Quarterly
Trailing
Key stats
Income statement
Balance sheet
Cash Flow Statement
Valuation
Ratios
Per share
Per employee
Dividends & Yields
| Dec'05 | Dec'06 | Dec'07 | Dec'08 | Dec'09 | Dec'10 | Dec'11 | Dec'12 | Dec'13 | Dec'14 | Dec'15 | Dec'16 | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
% growth | 1,027.8 34.8% | 1,774.0 72.6% | 3,180.3 79.3% | 3,494.1 9.9% | 2,946.4 (15.7%) | 2,689.9 (8.7%) | 2,758.6 2.6% | 2,715.7 (1.6%) | 2,631.9 (3.1%) | 2,870.7 9.1% | 2,820.3 (1.8%) | 3,018.7 7.0% | 3,087.0 2.3% | 3,347.4 8.4% | 3,757.5 12.2% | 4,186.6 11.4% | 4,982.8 19.0% | 4,860.3 (2.5%) | 5,228.3 7.6% | 6,296.9 20.4% |
| Cost of Goods Sold (COGS) | 492.7 | 891.6 | 1,717.1 | 1,940.6 | 1,502.3 | 1,343.5 | 1,420.0 | 1,277.2 | 1,224.6 | 1,266.2 | 1,281.6 | 1,339.1 | 1,303.8 | 1,367.7 | 1,523.5 | 1,705.2 | 2,092.3 | 2,053.5 | 2,223.3 | 2,600.3 |
% margin | 535.1 52.1% | 882.4 49.7% | 1,463.3 46.0% | 1,553.5 44.5% | 1,444.1 49.0% | 1,346.4 50.1% | 1,338.6 48.5% | 1,438.5 53.0% | 1,407.3 53.5% | 1,604.4 55.9% | 1,538.7 54.6% | 1,679.6 55.6% | 1,783.2 57.8% | 1,979.7 59.1% | 2,234.0 59.5% | 2,481.3 59.3% | 2,890.5 58.0% | 2,806.8 57.7% | 3,005.0 57.5% | 3,696.6 58.7% |
| Operating Expenses | 196.9 | 327.8 | 555.9 | 691.5 | 658.1 | 709.7 | 784.8 | 834.3 | 833.3 | 913.8 | 989.1 | 1,055.7 | 1,114.3 | 1,201.4 | 1,288.4 | 1,427.1 | 1,671.8 | 1,778.9 | 1,912.8 | 2,102.6 |
| Research & Development Expenses (R&D) | 74.9 | 113.3 | 159.4 | 206.1 | 238.4 | 277.3 | 298.6 | 325.8 | 364.9 | 395.1 | 427.0 | 468.0 | 511.6 | 567.8 | 605.4 | 705.7 | 840.0 | 834.9 | 904.7 | 993.6 |
| Selling, General & Administrative Expenses (SG&A) | 122.0 | 214.5 | 396.5 | 485.4 | 419.7 | 432.4 | 486.2 | 508.5 | 468.3 | 518.7 | 562.1 | 587.7 | 602.7 | 633.6 | 683.0 | 721.4 | 831.8 | 944.0 | 1,008.1 | 1,109.0 |
% margin | 338.2 32.9% | 554.6 31.3% | 907.4 28.5% | 862.0 24.7% | 786.0 26.7% | 636.7 23.7% | 553.8 20.1% | 604.2 22.2% | 574.0 21.8% | 690.6 24.1% | 549.6 19.5% | 623.9 20.7% | 668.9 21.7% | 778.3 23.3% | 945.6 25.2% | 1,054.2 25.2% | 1,218.6 24.5% | 1,027.8 21.1% | 1,092.2 20.9% | 1,594.0 25.3% |
| Interest Income | 0.0 | 0.0 | 42.0 | 35.5 | 23.5 | 25.0 | 32.8 | 35.1 | 35.3 | 35.6 | 29.7 | 33.4 | 36.9 | 47.1 | 52.8 | 37.0 | 28.6 | 40.8 | 77.3 | 113.5 |
| Interest Expense | 0.0 | 0.0 | 0.2 | 0.6 | 23.5 | 1.2 | 32.8 | 35.1 | 35.3 | 35.6 | 29.7 | 33.4 | 36.9 | 0.0 | 0.0 | 0.0 | 0.0 | 40.8 | 0.0 | 0.0 |
| Pre-tax Income | 372.6 | 594.6 | 978.3 | 914.4 | 808.7 | 577.3 | 584.2 | 624.5 | 653.6 | 723.7 | 567.2 | 629.7 | 682.3 | 823.2 | 987.2 | 1,103.4 | 1,206.8 | 1,065.0 | 1,200.4 | 1,695.4 |
% effective tax rate | 61.4 16.5% | 80.4 13.5% | 123.3 12.6% | 181.5 19.9% | 104.7 12.9% | (7.3) (1.3%) | 63.3 10.8% | 82.1 13.1% | 41.1 6.3% | 359.5 49.7% | 111.0 19.6% | 118.9 18.9% | (12.7) (1.9%) | 129.2 15.7% | 34.7 3.5% | 111.1 10.1% | 124.6 10.3% | 91.4 8.6% | (89.3) (7.4%) | 284.0 16.7% |
% margin | 311.2 30.3% | 514.1 29.0% | 855.0 26.9% | 732.8 21.0% | 704.0 23.9% | 584.6 21.7% | 520.9 18.9% | 542.4 20.0% | 612.4 23.3% | 364.2 12.7% | 456.2 16.2% | 510.8 16.9% | 695.0 22.5% | 694.1 20.7% | 952.5 25.3% | 992.3 23.7% | 1,082.2 21.7% | 973.6 20.0% | 1,289.6 24.7% | 1,411.4 22.4% |
| EPS | 1.44 | 2.38 | 3.95 | 3.51 | 3.51 | 2.97 | 2.68 | 2.78 | 3.13 | 1.89 | 2.39 | 2.71 | 3.70 | 3.68 | 5.01 | 5.19 | 5.63 | 5.06 | 6.74 | 7.35 |
| Diluted EPS | 1.43 | 2.35 | 3.89 | 3.48 | 3.50 | 2.95 | 2.67 | 2.76 | 3.12 | 1.88 | 2.39 | 2.70 | 3.68 | 3.66 | 4.99 | 5.17 | 5.61 | 5.04 | 6.71 | 7.30 |
% margin | 381.8 37.1% | 599.0 33.8% | 1,042.5 32.8% | 993.4 28.4% | 905.1 30.7% | 671.9 25.0% | 648.3 23.5% | 694.6 25.6% | 652.8 24.8% | 767.6 26.7% | 627.9 22.3% | 719.2 23.8% | 769.9 24.9% | 874.5 26.1% | 1,051.8 28.0% | 1,181.0 28.2% | 1,373.4 27.6% | 1,191.7 24.5% | 1,269.7 24.3% | 1,594.0 25.3% |
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FAQ
1) What is Garmin Ltd.'s Return on Capital Employed (ROCE)?
As of today, Microsoft Corp's last 12-month Return on Capital Employed (ROCE) is 16.5%, based on the financial report for Dec 28, 2024 (Q4’2024). The average annual Return on Capital Employed (ROCE) for Garmin Ltd. have been 16.0% over the past three years, and 17.4% over the past five years.
2) Is Garmin Ltd.'s Return on Capital Employed (ROCE) Good?
As of today, Garmin Ltd.'s Return on Capital Employed (ROCE) is 16.5%, which is higher than industry median of 4.1%. It indicates that Garmin Ltd.'s Return on Capital Employed (ROCE) is Good.