Garmin (GRMN) Asset Utilization Ratio (2009 - 2026)

Garmin has disclosed Asset Utilization Ratio across 16 years of filings, most recently posting 0.68 for Q1 2026.

• Asset Utilization Ratio for Q1 2026 came in at 0.68, up 2.38% year-over-year; the trailing twelve-month figure through Mar 2026 was 0.68 (up 2.38% YoY), and the FY2025 annual result was 0.7, up 1.73% from the prior year.
• Asset Utilization Ratio came in at 0.68 for Q1 2026 at Garmin, up from 0.67 in the prior quarter.
• In the past five years, Asset Utilization Ratio ranged from a high of 0.68 in Q1 2026 to a low of 0.63 in Q2 2023.
• The 5-year median for Asset Utilization Ratio is 0.64 (2024), against an average of 0.65.
• Across the five-year window, Asset Utilization Ratio declined 4.56% in 2022 and grew 5.15% in 2024, its largest moves.
• Garmin's Asset Utilization Ratio stood at 0.63 in 2022, then dropped by 0.28% to 0.63 in 2023, then climbed by 5.15% to 0.66 in 2024, then advanced by 1.49% to 0.67 in 2025, then increased by 1.0% to 0.68 in 2026.
• The last three Asset Utilization Ratio figures came in at 0.68 (Q1 2026), 0.67 (Q4 2025), and 0.67 (Q3 2025), per Business Quant data.