Garmin (GRMN) Other Operating Expenses (2009 - 2022)

Garmin (GRMN) posted Other Operating Expenses of -$110.4 million for Q4 2022, down 435.62% sequentially from $32.9 million in Q3 2022, and down 280.58% YoY from $61.1 million in Q4 2021.

Garmin (GRMN) Other Operating Expenses (2009 - 2022) Analysis & Trends

Garmin (GRMN) has 13 years of Other Operating Expenses data on file, last reported at -$110.4 million in Q4 2022.

  • Quarterly Other Operating Expenses fell 280.58% year-over-year to -$110.4 million in Q4 2022, while the trailing twelve-month figure through Sep 2023 was -$110.4 million (down 164.36% YoY) and the FY2021 annual result came in at $171.8 million, up 13.67% from the prior year.
  • Other Operating Expenses eased to -$110.4 million in Q4 2022 per GRMN's latest filing, from $32.9 million in the prior quarter.
  • The five-year high for Other Operating Expenses was $62.6 million in Q4 2019, with the low at -$110.4 million in Q4 2022.
  • Average Other Operating Expenses over 5 years is $32.1 million, with a median of $34.0 million recorded in 2020.
  • Year-over-year, Other Operating Expenses jumped 46.62% in 2021 and slumped 280.58% in 2022.
  • Garmin's Other Operating Expenses stood at $55.4 million in 2018, then rose by 13.1% to $62.6 million in 2019, then slipped by 2.42% to $61.1 million in 2020, then dropped by 0.02% to $61.1 million in 2021, then tumbled by 280.58% to -$110.4 million in 2022.
  • Business Quant data shows GRMN's Other Operating Expenses at -$110.4 million in Q4 2022, $32.9 million in Q3 2022, and $43.4 million in Q2 2022.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 Coherent 3,591.32 Bn 3,590.02 Bn 679.95 Mn
2 Novanta 69.39 Bn 69.00 Bn 113.58 Mn
3 Keysight Technologies 57.75 Bn 55.57 Bn 995.00 Mn
4 Teledyne Technologies 30.63 Bn 30.33 Bn 673.80 Mn
5 Fortive 19.14 Bn 18.79 Bn 675.50 Mn
6 Trimble 12.33 Bn 12.10 Bn 646.30 Mn
7 Cognex 11.87 Bn 11.58 Bn 190.94 Mn
8 Sensata Technologies Holding 6.78 Bn 6.14 Bn 286.30 Mn
9 Garmin 4.63 Bn 1.93 Bn 1.04 Bn
10 Badger Meter 4.28 Bn 4.07 Bn 84.33 Mn

Historic Data

Download Data
DateValue
Dec 31, 2022 -110.38 Mn
Sep 24, 2022 32.89 Mn
Jun 25, 2022 43.36 Mn
Mar 26, 2022 34.13 Mn
Dec 25, 2021 61.12 Mn
Sep 25, 2021 36.71 Mn
Jun 26, 2021 42.94 Mn
Mar 27, 2021 31.06 Mn
Dec 26, 2020 61.14 Mn
Sep 26, 2020 33.87 Mn
Jun 27, 2020 29.29 Mn
Mar 28, 2020 26.88 Mn
Dec 28, 2019 62.65 Mn
Sep 28, 2019 32.67 Mn
Jun 29, 2019 41.52 Mn
Mar 30, 2019 27.62 Mn
Dec 29, 2018 55.39 Mn
Sep 29, 2018 31.14 Mn
Jun 30, 2018 43.55 Mn
Mar 31, 2018 25.31 Mn