Garmin Historical Cash Flow
| GRMN Stock | USD 215.40 0.18 0.08% |
Analysis of Garmin cash flow over time is an excellent tool to project Garmin future capital expenditures as well as to predict the amount of cash needed to cover cost of sales, R&D expenses or production expansions. Investors should almost always look for trends in cash flow indicators such as Free Cash Flow of 1.2 B or Change In Working Capital of 182.4 M as it is a great indicator of Garmin ability to facilitate future growth, repay debt on time or pay out dividends.
Financial Statement Analysis is much more than just reviewing and examining Garmin latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Garmin is a good buy for the upcoming year.
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About Garmin Cash Flow Analysis
The Cash Flow Statement is a financial statement that shows how changes in Garmin balance sheet and income statement accounts affect cash and cash equivalents. It breaks the analysis down to operating, investing, and financing activities. One of the most critical aspects of the cash flow statement is liquidity, which is the degree to which Garmin's non-liquid assets can be easily converted into cash.
Garmin Cash Flow Chart
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Change In Working Capital
The difference in the amount of working capital from one period to the next, indicating the change in a company's short-term assets and liabilities.Begin Period Cash Flow
The amount of cash a company has at the beginning of a financial reporting period. It serves as the starting point for calculating the period's cash flow from operations, investing, and financing activities.Capital Expenditures
Capital Expenditures are funds used by Garmin to acquire physical assets such as property, industrial buildings or equipment. This type of outlay is used by management to increase the scope of Garmin operations. These expenditures can include everything from repairing an office equipment, building a brand new facility, or writing new software.Change Receivables
The difference in the amount of accounts receivable from one accounting period to the next. A positive number indicates an increase in receivables, while a negative number indicates a decrease.Most accounts from Garmin's cash flow statement are interrelated and interconnected. However, analyzing cash flow statement accounts one by one will only give a small insight into Garmin current financial condition. On the other hand, looking into the entire matrix of cash flow statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Garmin. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population. To learn how to invest in Garmin Stock, please use our How to Invest in Garmin guide.At this time, Garmin's Total Cash From Operating Activities is very stable compared to the past year. As of the 15th of December 2024, Net Income is likely to grow to about 1.4 B, while Begin Period Cash Flow is likely to drop about 868.1 M.
| 2021 | 2022 | 2023 | 2024 (projected) | Capital Expenditures | 309.6M | 246.2M | 195.0M | 108.7M | Dividends Paid | 491.5M | 679.1M | 558.8M | 309.9M |
Garmin cash flow statement Correlations
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Garmin Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Garmin cash flow statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change To Inventory | (170.2M) | 28.7M | (476.5M) | (363.3M) | 244.5M | 256.7M | |
| Change In Cash | (174.2M) | 431.1M | 40.1M | (218.9M) | 414.2M | 435.0M | |
| Free Cash Flow | 578.1M | 947.8M | 702.8M | 542.1M | 1.2B | 1.2B | |
| Change In Working Capital | (352.8M) | (58.5M) | (347.8M) | (275.7M) | 173.7M | 182.4M | |
| Begin Period Cash Flow | 1.2B | 1.0B | 1.5B | 1.5B | 1.3B | 868.1M | |
| Other Cashflows From Financing Activities | 27.1M | 15.2M | 35.7M | (22.7M) | 21.2M | 22.3M | |
| Depreciation | 106.2M | 126.7M | 154.8M | 163.9M | 177.6M | 186.5M | |
| Other Non Cash Items | 17.6M | (13.1M) | 36.1M | (7.0M) | (25.3M) | (24.0M) | |
| Dividends Paid | 417.3M | 450.6M | 491.5M | 679.1M | 558.8M | 309.9M | |
| Capital Expenditures | 120.4M | 187.5M | 309.6M | 246.2M | 195.0M | 108.7M | |
| Total Cash From Operating Activities | 698.5M | 1.1B | 1.0B | 788.3M | 1.4B | 1.4B | |
| Net Income | 952.5M | 992.3M | 1.1B | 973.6M | 1.3B | 1.4B | |
| Total Cash From Financing Activities | (416.0M) | (461.8M) | (486.7M) | (840.6M) | (636.5M) | (604.7M) | |
| End Period Cash Flow | 1.0B | 1.5B | 1.5B | 1.3B | 1.7B | 939.1M | |
| Change To Netincome | (7.3M) | 74.8M | 123.2M | (73.4M) | (84.5M) | (80.2M) | |
| Change To Liabilities | 28.6M | 68.5M | 184.8M | (153.1M) | (137.8M) | (130.9M) | |
| Sale Purchase Of Stock | (25.9M) | (26.3M) | (31.0M) | (201.0M) | (99.0M) | (103.9M) | |
| Change To Account Receivables | (123.4M) | (108.9M) | (19.1M) | 167.3M | (129.1M) | (122.7M) | |
| Stock Based Compensation | 63.4M | 80.9M | 92.5M | 76.8M | 101.4M | 50.8M | |
| Investments | (30.6M) | 73.6M | (145.6M) | 112.1M | (93.7M) | (98.4M) | |
| Change Receivables | (123.4M) | (108.9M) | (19.1M) | 167.3M | 150.6M | 158.1M | |
| Total Cashflows From Investing Activities | (450.7M) | (260.5M) | (475.4M) | (145.1M) | (166.9M) | (175.2M) | |
| Exchange Rate Changes | (15.8M) | (5.9M) | 18.1M | (10.3M) | (11.8M) | (11.2M) | |
| Cash And Cash Equivalents Changes | (174.2M) | 431.1M | 40.1M | (197.5M) | (177.7M) | (168.8M) | |
| Cash Flows Other Operating | (87.8M) | (46.9M) | (37.1M) | 73.4M | 84.4M | 88.6M | |
| Other Cashflows From Investing Activities | (302.1M) | (148.7M) | (22.1M) | (13.0M) | (11.7M) | (12.2M) | |
| Change To Operating Activities | (40.1M) | 66.0M | 40.3M | 4.0M | 4.6M | 4.9M |
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
Moving against Garmin Stock
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| 0.67 | SVREW | SaverOne 2014 | PairCorr |
| 0.54 | VPG | Vishay Precision | PairCorr |
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.Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Garmin. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in population. To learn how to invest in Garmin Stock, please use our How to Invest in Garmin guide.You can also try the Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.
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.