Garmin (GRMN) Other Operating Expenses (2009 - 2022)
Garmin's (GRMN) quarterly Other Operating Expenses came in at -$110.4 million in Q4 2022, down 280.58% year-over-year from $61.1 million in Q4 2021, and down 435.62% quarter-over-quarter from $32.9 million in Q3 2022.
Analysis
Garmin (GRMN) Other Operating Expenses (2009 - 2022) Analysis & Trends
Garmin has disclosed Other Operating Expenses across 13 years of filings, most recently posting -$110.4 million for Q4 2022.
- In Q4 2022, Other Operating Expenses fell 280.58% year-over-year to -$110.4 million; the TTM figure through Sep 2023 stood at -$110.4 million (down 164.36% YoY), while the FY2021 annual figure was $171.8 million, up 13.67% from the prior year.
- Other Operating Expenses came in at -$110.4 million for Q4 2022 at Garmin, down from $32.9 million in the prior quarter.
- In the past five years, Other Operating Expenses ranged from a high of $62.6 million in Q4 2019 to a low of -$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 tumbled 280.58% in 2022.
- Over 5 years, Other Operating Expenses stood at $55.4 million in 2018, then climbed by 13.1% to $62.6 million in 2019, then fell by 2.42% to $61.1 million in 2020, then retreated by 0.02% to $61.1 million in 2021, then plunged by 280.58% to -$110.4 million in 2022.
- Per Business Quant data, the three most recent Other Operating Expenses figures were -$110.4 million in Q4 2022, $32.9 million in Q3 2022, and $43.4 million in Q2 2022.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Apple | 4,784.34 Bn | 4,721.94 Bn | 54.77 Bn |
| 2 | Garmin | 52.47 Bn | 49.80 Bn | 1.26 Bn |
| 3 | Vuzix | 212.26 Mn | 194.96 Mn | -645,411.00 |
| 4 | Zepp Health | 77.84 Mn | 8.18 Mn | 23.73 Mn |
| 5 | Foxx Development Holdings | 18.87 Mn | 15.68 Mn | -1.45 Mn |
| 6 | Wearable Devices | 741,166.25 | -18.10 Mn | - |
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 | 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 |