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| 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 |