Garmin Non Currrent Assets Other from 2010 to 2024

GRMN Stock  USD 215.40  0.18  0.08%   
Garmin Non Currrent Assets Other yearly trend continues to be very stable with very little volatility. Non Currrent Assets Other are likely to grow to about 141.9 M this year. Non Currrent Assets Other is assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents. View All Fundamentals
 
Non Currrent Assets Other  
First Reported
2000-12-31
Previous Quarter
132.8 M
Current Value
106 M
Quarterly Volatility
121.2 M
 
Housing Crash
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check Garmin financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Garmin's main balance sheet or income statement drivers, such as Depreciation And Amortization of 186.5 M, Interest Expense of 36 M or Total Revenue of 2.8 B, as well as many indicators such as Price To Sales Ratio of 5.36, Dividend Yield of 0.021 or PTB Ratio of 4.82. Garmin financial statements analysis is a perfect complement when working with Garmin Valuation or Volatility modules.
  
Check out the analysis of Garmin Correlation against competitors.
To learn how to invest in Garmin Stock, please use our How to Invest in Garmin guide.

Latest Garmin's Non Currrent Assets Other Growth Pattern

Below is the plot of the Non Currrent Assets Other of Garmin over the last few years. It is assets that are not physical or tangible, expected to provide value for more than one year, and not easily converted into cash, such as long-term investments or patents. Garmin's Non Currrent Assets Other historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in Garmin's overall financial position and show how it may be relating to other accounts over time.
Non Currrent Assets Other10 Years Trend
Slightly volatile
   Non Currrent Assets Other   
       Timeline  

Garmin Non Currrent Assets Other Regression Statistics

Arithmetic Mean110,392,443
Geometric Mean76,740,518
Coefficient Of Variation53.30
Mean Deviation48,350,147
Median115,744,000
Standard Deviation58,843,086
Sample Variance3462.5T
Range205.8M
R-Value0.61
Mean Square Error2345.7T
R-Squared0.37
Significance0.02
Slope8,013,613
Total Sum of Squares48475.1T

Garmin Non Currrent Assets Other History

2024141.9 M
202396.7 M
202295.1 M
2021115.7 M
2020206.7 M
2019182.8 M
2018129.8 M

About Garmin Financial Statements

Garmin investors utilize fundamental indicators, such as Non Currrent Assets Other, to predict how Garmin Stock might perform in the future. Analyzing these trends over time helps investors make informed market timing decisions. For further insights, please visit our fundamental analysis page.
Last ReportedProjected for Next Year
Non Currrent Assets Other96.7 M141.9 M

Pair Trading with Garmin

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Garmin position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Garmin will appreciate offsetting losses from the drop in the long position's value.

Moving together with Garmin Stock

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Moving against Garmin Stock

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The ability to find closely correlated positions to Garmin could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Garmin when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Garmin - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Garmin to buy it.
The correlation of Garmin is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Garmin moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Garmin moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Garmin can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether Garmin offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Garmin's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Garmin Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Garmin Stock:
Check out the analysis of Garmin Correlation against competitors.
To learn how to invest in Garmin Stock, please use our How to Invest in Garmin guide.
You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.
Is Consumer Electronics space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Garmin. If investors know Garmin will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Garmin listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.545
Dividend Share
3
Earnings Share
7.86
Revenue Per Share
31.044
Quarterly Revenue Growth
0.241
The market value of Garmin is measured differently than its book value, which is the value of Garmin that is recorded on the company's balance sheet. Investors also form their own opinion of Garmin's value that differs from its market value or its book value, called intrinsic value, which is Garmin's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Garmin's market value can be influenced by many factors that don't directly affect Garmin's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Garmin's value and its price as these two are different measures arrived at by different means. Investors typically determine if Garmin is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Garmin's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.