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Garmin (GRMN) Asset Utilization Ratio: 2009-2025

Historic Asset Utilization Ratio for Garmin (GRMN) over the last 12 years, with Sep 2025 value amounting to 0.67.

  • Garmin's Asset Utilization Ratio rose 1.93% to 0.67 in Q3 2025 from the same period last year, while for Sep 2025 it was 0.67, marking a year-over-year increase of 1.93%. This contributed to the annual value of 0.69 for FY2024, which is 7.89% up from last year.
  • Latest data reveals that Garmin reported Asset Utilization Ratio of 0.67 as of Q3 2025, which was down 0.89% from 0.67 recorded in Q2 2025.
  • Over the past 5 years, Garmin's Asset Utilization Ratio peaked at 0.67 during Q2 2021, and registered a low of 0.63 during Q2 2023.
  • For the 3-year period, Garmin's Asset Utilization Ratio averaged around 0.65, with its median value being 0.64 (2024).
  • Per our database at Business Quant, Garmin's Asset Utilization Ratio climbed by 10.07% in 2021 and then fell by 4.56% in 2022.
  • Garmin's Asset Utilization Ratio (Quarterly) stood at 0.65 in 2021, then decreased by 2.03% to 0.63 in 2022, then declined by 0.28% to 0.63 in 2023, then climbed by 5.15% to 0.66 in 2024, then rose by 1.93% to 0.67 in 2025.
  • Its Asset Utilization Ratio stands at 0.67 for Q3 2025, versus 0.67 for Q2 2025 and 0.66 for Q1 2025.