Garmin (GRMN) Other Operating Expenses (2009 - 2022)
Garmin (GRMN) recorded Other Operating Expenses of -$110.38 million in Q4 2022, compared with $61.12 million a year earlier.
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Analysis
Garmin (GRMN) Other Operating Expenses (2009 - 2022) Analysis & Trends
For FY2021, Garmin reported Other Operating Expenses of $171.83 million, up 13.7% from FY2020.
- Annual Other Operating Expenses has a four-year compound annual growth rate of 1.1% (FY2017 to FY2021).
- Across earlier years, Other Operating Expenses came in at $151.17 million in FY2020 (-8.1%), $164.46 million in FY2019 (+5.8%), $155.39 million in FY2018 (-5.6%) and $164.69 million in FY2017.
- The Q4 2022 figure is the lowest quarterly Other Operating Expenses in data going back to Q1 2009.
- On a year-over-year basis, Other Operating Expenses rose in five of the last seven quarters, with growth averaging 10.1%.
- Peak year-over-year performance for Other Operating Expenses in the last five years was growth of 46.6% in Q2 2021, against a decline of 74.4% in Q3 2019 at the low end.
- Per Business Quant, the preceding three quarters came in at $32.89 million (Q3 2022), $43.36 million (Q2 2022) and $34.13 million (Q1 2022).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Apple | 4,865.08 Bn | 4,612.57 Bn | 54.77 Bn |
| 2 | Cisco Systems | 424.71 Bn | 360.64 Bn | 11.06 Bn |
| 3 | Dell Technologies | 344.52 Bn | 300.28 Bn | 9.83 Bn |
| 4 | Arista Networks | 256.79 Bn | 210.25 Bn | 1.91 Bn |
| 5 | Sandisk | 254.02 Bn | 242.55 Bn | 7.58 Bn |
| 6 | Seagate Technology Holdings | 209.18 Bn | 204.17 Bn | 1.90 Bn |
| 7 | Western Digital | 164.06 Bn | 152.19 Bn | 2.03 Bn |
| 8 | Sony | 144.83 Bn | 95.22 Bn | 6.53 Bn |
| 9 | Lumentum Holdings | 86.05 Bn | 77.87 Bn | 477.30 Mn |
| 10 | Garmin | 55.35 Bn | 44.71 Bn | 1.26 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| 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 | 294,000.00 |
| Jun 29, 2019 | 2.41 Mn |
| Mar 30, 2019 | 27.62 Mn |
| Dec 29, 2018 | 55.39 Mn |
| Sep 29, 2018 | 1.15 Mn |
| Jun 30, 2018 | 4.92 Mn |
| Mar 31, 2018 | 25.31 Mn |
API Access
Garmin Other Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=other-operating-expenses&ticker=GRMN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "other-operating-expenses", "ticker": "GRMN", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=other-operating-expenses&ticker=GRMN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();